Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 8225 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

  • #164,481
  • Mar 8, 2009 7:52am Mar 8, 2009 7:52am
Quoting rgitt05
The 141.50 resistance zone held since Dec. '08 and PA made several attempts to break but failed.

The GJ overall trend is bearish and the CCI crossed -100 level.

The fundamental point of the GU news may put pressure for the GJ to go furthur down if the 135.00 support zone is breaks.

GU technically looks bearish

http://www.forexfactory.com/showpost...stcount=125448

Fundamental:

http://www.forexcrunch.com/bad-briti...sks-the-pound/

http://www.bloomberg.com/apps/news?p...KPg&refer=home


Now...
sound point of view all though i don't like the bear trend outlook. there needs to be a fundamental shift. in case i'm missing something that hasn't happened...
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #164,482
  • Mar 8, 2009 7:58am Mar 8, 2009 7:58am
The best advice is to trade the charts and ignore the BS news that may distract your analysis..




Quoting england33
sound point of view all though i don't like the bear trend outlook. there needs to be a fundamental shift. in case i'm missing something that hasn't happened...
[
  • #164,483
  • Mar 8, 2009 8:05am Mar 8, 2009 8:05am
Quoting rgitt05
The best advice is to trade the charts and ignore the BS news that may distract your analysis..

oh ya for sure. i'm ready to chart lol the fundamentals are hindsight based on dated statistics.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #164,484
  • Edited 8:37am Mar 8, 2009 8:24am | Edited 8:37am
There is a possible bearish flag or pennant forming on the weekly chart.

The overall trend is bearish and the PA broke the overall trend Oct.'08 furthur downward.

The PA rebound from the lows 119.00 level and forming a bearish flag..

The red TL may act as a resistance and the two levels the PA have to overcome is the 141.50 zone and 148.00 zone to confirm the bearish mode is over..

Attached Image (click to enlarge)
Click to Enlarge Name: weekly gj b.gif Size: 28 KB
[
  • #164,485
  • Mar 8, 2009 9:17am Mar 8, 2009 9:17am
daily geppy clearly has produced a ressistance, 2 red horizontal lines below will become nearby supports as we move forward
Attached Image (click to enlarge)
Click to Enlarge Name: daily geppy.gif Size: 36 KB
"Millionaires don't use astrology, billionaires do"
  • #164,486
  • Mar 8, 2009 9:43am Mar 8, 2009 9:43am
I believe that GJ is due for a retracement after several times failing to break above the 141.60 resistance zone.

135.00 support zone will be the critical point for a reversal to the fib levels.

38.2% 133.00 area
50.0% 130.00 area
61.8% 126.50-127 area
76.8% 123.00-123.50 area


Trade the charts..

Attached Image (click to enlarge)
Click to Enlarge Name: daily gj.gif Size: 34 KB
[
  • #164,487
  • Mar 8, 2009 9:56am Mar 8, 2009 9:56am
On the weekly GJ chart there is a red TL that may act as a resistance.

The daily 38.2% retracement happen to be at 148.00 area which falls right inline with the weekly TL 148.00 zone

Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily gj a.gif Size: 24 KB
Click to Enlarge Name: weekly gj c.gif Size: 28 KB
[
  • #164,488
  • Mar 8, 2009 10:31am Mar 8, 2009 10:31am
I think that we go down with gap to consume bank nationalization of Lloyds TSB maybe we go at first to 135.00 maybe down, we will see after some houres. Just hold on...
  • #164,489
  • Mar 8, 2009 11:03am Mar 8, 2009 11:03am
Quoting rgitt05
The 141.50 resistance zone held since Dec. '08 and PA made several attempts to break but failed.

The GJ overall trend is bearish and the CCI crossed -100 level.

The fundamental point of the GU news may put pressure for the GJ to go furthur down if the 135.00 support zone is breaks.

GU technically looks bearish

http://www.forexfactory.com/showpost...stcount=125448

Fundamental:

http://www.forexcrunch.com/bad-briti...sks-the-pound/

http://www.bloomberg.com/apps/news?p...KPg&refer=home


Now...
check out daily gbpchf ...... breaking bear flag ... could be 1500 pip trade to downside forming .....maybe the better swing than GJ .
Blogging daily now at www.volume.zone
  • #164,490
  • Mar 8, 2009 11:15am Mar 8, 2009 11:15am
less than spectacular rates around the board. not good for investing.
http://www.topforexnews.com/interest-rates-table/
unless you want to go for real unstable countries like south africa and (lessor extent) russia but i'm sure big investors want more secure investments where the economics and politics are more secure.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #164,491
  • Mar 8, 2009 11:22am Mar 8, 2009 11:22am
Quoting malcolmb14
check out daily gbpchf ...... breaking bear flag ... could be 1500 pip trade to downside forming .....maybe the better swing than GJ .
Yeah hey that looks good indeed. Broken Trendlines on Friday and nothing much lower at all. Looks almost like a free fall. I'll be looking for a retest of that broken trendline and seeing what happens from there. Thanks for the heads up .

Attached Image (click to enlarge)
Click to Enlarge Name: gc.gif Size: 19 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #164,492
  • Mar 8, 2009 11:26am Mar 8, 2009 11:26am
well, on www.forex-markets.com GBPUSD and GBPJPY are going up or no change since Friday...It seems that market appreciate Lloyd nationalisation...?
The Market pays you to be disciplined
  • #164,493
  • Mar 8, 2009 11:37am Mar 8, 2009 11:37am
Hi malcolmb14,

Maybe I should short all pairs against GBP..

Thanks for the feedback..




Quoting malcolmb14
check out daily gbpchf ...... breaking bear flag ... could be 1500 pip trade to downside forming .....maybe the better swing than GJ .
Attached Image (click to enlarge)
Click to Enlarge Name: daily gc.gif Size: 26 KB
[
  • #164,494
  • Mar 8, 2009 11:43am Mar 8, 2009 11:43am
GJ DAILY CHART

Cross on 07/01/09 and cross on 06/03/09 with 100 pip diff
Attached Image (click to enlarge)
Click to Enlarge Name: gmt 4 auto pivot 7.gif Size: 26 KB
  • #164,495
  • Mar 8, 2009 11:52am Mar 8, 2009 11:52am
what is your point?


Quoting harigp
GJ DAILY CHART

Cross on 07/01/09 and cross on 06/03/09 with 100 pip diff
[
  • #164,496
  • Mar 8, 2009 11:54am Mar 8, 2009 11:54am
Quoting rgitt05
Hi malcolmb14,

Maybe I should short all pairs against GBP..

Thanks for the feedback..


we are all here to help each other .. this pattern breakdown just looks to good to pass by
Blogging daily now at www.volume.zone
  • #164,497
  • Mar 8, 2009 11:54am Mar 8, 2009 11:54am
Quoting rgitt05
what is your point?
down! =D
  • #164,498
  • Mar 8, 2009 12:18pm Mar 8, 2009 12:18pm
The market is not open yet..

Wait for the market open before any bias...






Quoting mima
well, on www.forex-markets.com GBPUSD and GBPJPY are going up or no change since Friday...It seems that market appreciate Lloyd nationalisation...?
[
  • #164,499
  • Mar 8, 2009 1:24pm Mar 8, 2009 1:24pm
You mean depreciate Lloyd nationalisation!!



Quoting mima
well, on www.forex-markets.com GBPUSD and GBPJPY are going up or no change since Friday...It seems that market appreciate Lloyd nationalisation...?
[
  • #164,500
  • Mar 8, 2009 1:57pm Mar 8, 2009 1:57pm
Interesting how the fibs and fib fan have worked out on Weekly and Daily Charts. Shorts looking good IMHO... What do you think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy01.gif Size: 17 KB
Click to Enlarge Name: gbpjpy03.gif Size: 18 KB
29 traders viewing now