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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #156,661
  • Jan 28, 2009 11:19pm Jan 28, 2009 11:19pm
current 4h what im seeing this beast is gonna tumble into new lows it looks like rejected at UTL, a H4 closing below the 50 ema looks to be in the cards ATM. im in short on londons retest of 128 if it comes if not i will be in short on a break of 1.2630-50 area and adding to it on smaller TF for the ride down to hopefully new lows
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  • #156,662
  • Jan 28, 2009 11:19pm Jan 28, 2009 11:19pm
Grashid your chart looks exactly like mine, except much much neater.

My trend lines look like my 3 year old made them, or my drunk father, they both have the same motor skills.
What's that smell?
  • #156,663
  • Jan 28, 2009 11:29pm Jan 28, 2009 11:29pm
Quoting jon clogger
Grashid your chart looks exactly like mine, except much much neater.

My trend lines look like my 3 year old made them, or my drunk father, they both have the same motor skills.
I just use this for my trade and 50ema another chart with H1 for my confimation...So far this chart are easy to me to get understand on market direction with 50pips @ M5....So far not dissapointed accept last week with greedy comes into my brain after Q1 target already achieved. So 2X50 lot blow...with almost 100K losses...Really suck....anyway lucky still have 2700pips profit with EU somewhere in Dec08..So just use 10% from that profit and play again in other platform.....Take a rest in interbank....

Any other opinion to improve my old skill...
  • #156,664
  • Jan 28, 2009 11:31pm Jan 28, 2009 11:31pm
on my chart i think a rebound might be on the cards.

now, PA is at H4 Gann in confluence with H4 50ema and supported by a strong TL that extends way beyond.

on H1, there is bullish HD waiting to play out.

took a long 126.695. but of course with SL close below the resistance that i mentioned above.
Attached Image (click to enlarge)
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  • #156,665
  • Jan 28, 2009 11:34pm Jan 28, 2009 11:34pm
Quoting Piters
correct ! (btw still holding that short ?)
Hey Pit,

No, I unloaded it along the way down. I am happy with my move. I just finished the last one up at 126.60.

Im expecting some sort of retract some where whereby I can load the boat again for the next move down... but all in all I netted about 200 pips.

I am still learning lots. If only I had better money management earlier, I would be doing alot better I posted in my journal if you are interested on my developments
Dr. C
  • #156,666
  • Jan 28, 2009 11:38pm Jan 28, 2009 11:38pm
Quoting cvcamper
Hey Pit,

No, I unloaded it along the way down. I am happy with my move. I just finished the last one up at 126.60.

Im expecting some sort of retract some where whereby I can load the boat again for the next move down... but all in all I netted about 200 pips.

I am still learning lots. If only I had better money management earlier, I would be doing alot better I posted in my journal if you are interested on my developments
nice, i exited as well, I am expecting a bounce to 15 min.. I''ll have a look later
  • #156,667
  • Jan 28, 2009 11:39pm Jan 28, 2009 11:39pm
Some Jokes on Finance.google.

http://finance.google.com/group/goog...a2c637c4b49a04
  • #156,668
  • Jan 28, 2009 11:43pm Jan 28, 2009 11:43pm
Quoting grashid
I just use this for my trade and 50ema another chart with H1 for my confimation...So far this chart are easy to me to get understand on market direction with 50pips @ M5....So far not dissapointed accept last week with greedy comes into my brain after Q1 target already achieved. So 2X50 lot blow...with almost 100K losses...Really suck....anyway lucky still have 2700pips profit with EU somewhere in Dec08..So just use 10% from that profit and play again in other platform.....Take a rest in interbank....

Any other opinion to improve my old skill......

With 2700 pips in the bank, you're doing a whole lot better than me. But I have a limit buy set at 125.62 with a 40 pip sl. I've already closed my shorts at +200.

Best of luck to you, I need to sleep until NY, so I can give back the 200 pips in USD/CAD (the mistress when I cheat on geppy).
What's that smell?
  • #156,669
  • Jan 28, 2009 11:44pm Jan 28, 2009 11:44pm
can any body say whats happening now?
  • #156,670
  • Jan 28, 2009 11:48pm Jan 28, 2009 11:48pm
Quoting jon clogger
With 2700 pips in the bank, you're doing a whole lot better than me. But I have a limit buy set at 125.62 with a 40 pip sl. I've already closed my shorts at +200.

Best of luck to you, I need to sleep until NY, so I can give back the 200 pips in USD/CAD (the mistress when I cheat on geppy).
K take care as my M15 almost tell what is going on...S1=126.46 seems fail to break....

Will see what is going on in the next 3 hrs...Need to finish some report....Take care ...
  • #156,671
  • Jan 28, 2009 11:50pm Jan 28, 2009 11:50pm
I've been following this thread for a while and read Auslancos posts on this strategy. There are still two questions I could not find an answer for:
How do you know if a retrace happens on 15min, 30min, 1h or 4h?
How do you know where it retraces to (Gann, SMA, EMA)?

I would really appreciate your help on this. Thanks!
  • #156,672
  • Jan 28, 2009 11:52pm Jan 28, 2009 11:52pm
Quoting janka3002
can any body say whats happening now?
EU just hit support, dollar index resistance, and gj is in a web of support. I'm on the sidelines because it could bounce from here without ever making it to 125.50.
What's that smell?
  • #156,673
  • Jan 29, 2009 12:00am Jan 29, 2009 12:00am
Quoting hwsv07
on my chart i think a rebound might be on the cards.

now, PA is at H4 Gann in confluence with H4 50ema and supported by a strong TL that extends way beyond.

on H1, there is bullish HD waiting to play out.

took a long 126.695. but of course with SL close below the resistance that i mentioned above.
i think this is confirmed with a breaking of the M15 UTL as shown in the chart and the breach of the 127 psychological level. London opening might extend this.

anybody not agreeing with my analysis?
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  • #156,674
  • Jan 29, 2009 12:13am Jan 29, 2009 12:13am
Quoting hwsv07
i think this is confirmed with a breaking of the M15 UTL as shown in the chart and the breach of the 127 psychological level. London opening might extend this.

anybody not agreeing with my analysis?
Ans test to R1=129.39 then am confident to go long with TP@R2=130.55

Right now H1 still below HILO and market will bouncing between 126.79 to 128...

Am just play M1/M5 for 5opips TP and will look on what happen between 3-4 hrs from nows...If it fail to break 125.58..then it all talking about bullish time....
  • #156,675
  • Jan 29, 2009 12:14am Jan 29, 2009 12:14am
looks to me like london wants a better price to short from....

so far a 15min 50ema retrace and bounce...
  • #156,676
  • Jan 29, 2009 12:14am Jan 29, 2009 12:14am
I'm glad i closed everything @ 126.80, not because of a technical reason, just because I don't want to have trades overnight.
Tomorrow new shorts?

Wish everyone nice pips during London, its sad that i can't follow that because I'm in USA SoCal and its sleeping time here.

Good pips everyone

Orca
New voice message: Why are you calling me? If I need you, I'll call you!
  • #156,677
  • Jan 29, 2009 12:17am Jan 29, 2009 12:17am
Quoting hwsv07
i think this is confirmed with a breaking of the M15 UTL as shown in the chart and the breach of the 127 psychological level. London opening might extend this.

anybody not agreeing with my analysis?

It is too early to say, but have a look from this perspective:
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  • #156,678
  • Jan 29, 2009 12:22am Jan 29, 2009 12:22am
Quoting Piters
It is too early to say, but have a look from this perspective:
thanks. but actually how did u draw that channel? mine is too small?

maybe it's not breakout yet.
  • #156,679
  • Jan 29, 2009 12:29am Jan 29, 2009 12:29am
Still looks bearish to me. 15m pin bar with reject of the 50ema.
I have a small short and will build on it if the 4hr Gann Hi-Lo and QQE break.
  • #156,680
  • Jan 29, 2009 12:31am Jan 29, 2009 12:31am
Quoting hwsv07
i think this is confirmed with a breaking of the M15 UTL as shown in the chart and the breach of the 127 psychological level. London opening might extend this.

anybody not agreeing with my analysis?

i think its to early to tell looks like a classic reversal following the previous action that happened in asia. but im watching closely...this whole move is more than likely still news driven and once that subsides and world indicies and us futures start to come into play i have a feeling the selling will continue if they continue to show weakness
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