Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 8458 | 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)

  • #169,141
  • Apr 3, 2009 5:10pm Apr 3, 2009 5:10pm
Quoting OrionsWay
You not thinking a sell off big time.

not yet ....

seems they are going to push it a little higher think into 875 and maybe 900 . It seems on every dip it is being bought , however it is just a matter of time. I do not see steady increasing volume in this move , meaning the herd and market makers are pushing this higher

do not worry about the -665 k NFP and 5 million jobs lost now in the US .. it appears that job losses are a lagging economic indicator .. or so the news says
Blogging daily now at www.volume.zone
  • #169,142
  • Apr 3, 2009 5:41pm Apr 3, 2009 5:41pm
Quoting malcolmb14
not yet ....

seems they are going to push it a little higher think into 875 and maybe 900 . It seems on every dip it is being bought , however it is just a matter of time. I do not see steady increasing volume in this move , meaning the herd and market makers are pushing this higher

do not worry about the -665 k NFP and 5 million jobs lost now in the US .. it appears that job losses are a lagging economic indicator .. or so the news says
It definately is, In fact fundies are about 2-6 months behind the currency players.
NOTE to fresh new currency traders, thinking that fundamental things will do what you think when they release the data is ass backwards, Its just way for them to balance the sheets before they make next moves, for they have forseen these events WAY before the rest of the trading world acts upon it.
"Millionaires don't use astrology, billionaires do"
  • #169,143
  • Apr 3, 2009 10:54pm Apr 3, 2009 10:54pm
need anyone to comment on this...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 134 KB
  • #169,144
  • Apr 3, 2009 11:07pm Apr 3, 2009 11:07pm
i dont know whether this analysis is valid or not. as a newbie, i've been through several indicator and at some point i do feel lost .

so need you guys to comment.

for the first picture(previous post), i'm actually try to depict the using of macd in my analysis. using 4h chart, the arrow has shown has shown(to me) that eur/usd has been OB.

on the second picture, the price has gone down . and from the bottom(1.3824) it shot up to 1.4362 around 550pips(approximate). then from 1.3824, the price gone down to 1.3311(around 400pips)

on the third picture, i'm expecting the same scenario will happen(ASS-U-ME).so i assume the price has been on top at 1.3517 and from 1.3112 down to 1.2706.

i am newbie, please guide and gimme some insight. am i comparing an apple with an orange or my analysis is completely rubbish. i'm asking u guys here because i do find the comments from the forumers here are well thought . hope to find some answers here. thanx a lot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.JPG Size: 135 KB
Click to Enlarge Name: 3.JPG Size: 145 KB
  • #169,145
  • Apr 4, 2009 4:57am Apr 4, 2009 4:57am
This is the post of the week made by quecee,

So a good swing trading plan for next week could be as follows. . .

1) Wait for a pull back to check resistance at 140.80/90 up to 141.40 area (as suggested by 1hr/4hr chart) to short for a ride down to 137.60 with a possible spike down to 136 area. . .

or

2) Wait for price to bottom at 137.60 (136.00 spike) to go long on a daily close above this support for a ride up to 147-148 resistance 1st target.

This was posted last Friday, all his predictions were met exactly, this is really brilliant, this can make it the post of the week, or the plan of the week
But the funny thing is that quecee didn't follow it
  • #169,146
  • Apr 4, 2009 5:16am Apr 4, 2009 5:16am
This is the top 6 of the FF big boys posting in Auslanco's thread lately:
1- Quecee5 (Master of swing trading)
2- Malcolmb14 (Master of Intraday trading)
3- Karmostaji (Master of QQE and gann)
4- Forexlion
5- Piters
6- Arezab
  • #169,147
  • Apr 4, 2009 8:21am Apr 4, 2009 8:21am
Quoting pino2
This is the post of the week made by quecee,

So a good swing trading plan for next week could be as follows. . .

1) Wait for a pull back to check resistance at 140.80/90 up to 141.40 area (as suggested by 1hr/4hr chart) to short for a ride down to 137.60 with a possible spike down to 136 area. . .

or

2) Wait for price to bottom at 137.60 (136.00 spike) to go long on a daily close above this support for a ride up to 147-148 resistance 1st target.

This was posted last Friday, all his predictions were met exactly, this is really brilliant,...
Absolutely correct. . .
This was a clear trade and I missed at least 1/2 the move. . .

Just goes to show that you can have a clear and concise plan but you must stick to the trade plan. . .

Anyways - my EU trade posted last Saturday worked out perfectly as well.

Back with next weeks analysis. . .
  • #169,148
  • Edited 9:21am Apr 4, 2009 9:05am | Edited 9:21am
Here is what I see as a good trading plan for next week based on what I'm seeing from the weekly/monthly chart. . .

And just to let everyone know (today) I'm short at Fridays close 148.82 and plan to continue to short up to 149.75/50; 150 area. . .

Trade position and sell orders are already in place and I will be sticking to this plan to the pip. . . No need to take a look at the computer until the trades have been triggered and TP has been triggered -

Why someone might ask. . .

1) Price is OB on 1hr/4hr and daily is approaching OB area as well but has room to move up further, hence 149/150. . .

2) If you take a look at the 4hr chart we have 5 perfect waves up off of 131.47 support. . . 5th wave either complete or near complete. . .

So what should we expect next week. . .

I would expect that price would top out at 149.50/75 area before we see a reversal back down to 0.50/0.618 Fib of the entire move from 131.47 - (lest say) - 149/149.49

So a good trading plan for next week would be to short on sign of topping at 149.50/149.75 for a move down to. . . .

Drummmmmmmmmmm Roll Please. . .

138.10 with a dip to 137.85/37 - however expect price to touch 141/141.50 1st then on down to the aforementioned targets. . .

This will be a great buying opportunity and a last chance to get on board for a ride to 165. . . yep 165/167.22 folks!

Will post a couple chart later. . . but look to yr weekly/monthly chart all the information is there. . .
  • #169,149
  • Apr 4, 2009 9:24am Apr 4, 2009 9:24am
Quoting quecee5
Here is what I see as a good trading plan for next week based on what I'm seeing from the weekly/monthly chart. . .

And just to let everyone know (today) I'm short at Fridays close 148.82 and plan to continue to short up to 149.75/50; 150 area. . .

Trade position and sell orders are already in place and I will be sticking to this plan to the pip. . . No need to take a look at the computer until the trades have been triggered and TP has been triggered -

Why someone might ask. . .

1) Price is OB on 1hr/4hr...

nice .. also ties in with symmetry we are seeing on the daily chart .. top of that symmetry is 149 and move down should be to 139ish
Blogging daily now at www.volume.zone
  • #169,150
  • Apr 4, 2009 9:27am Apr 4, 2009 9:27am
Quoting malcolmb14
nice .. also ties in with symmetry we are seeing on the daily chart .. top of that symmetry is 149 and move down should be to 139ish

hey malcolm...mind chatting up a bit??
  • #169,151
  • Apr 4, 2009 9:28am Apr 4, 2009 9:28am
Quoting quecee5
Here is what I see as a good trading plan for next week based on what I'm seeing from the weekly/monthly chart. . .

And just to let everyone know (today) I'm short at Fridays close 148.82 and plan to continue to short up to 149.75/50; 150 area. . .

Trade position and sell orders are already in place and I will be sticking to this plan to the pip. . . No need to take a look at the computer until the trades have been triggered and TP has been triggered -

Why someone might ask. . .

1) Price is OB on 1hr/4hr...
Great analysis Q - There is also a monthly R2 at the 150 area and the trend line also .
  • #169,152
  • Apr 4, 2009 9:36am Apr 4, 2009 9:36am
Quoting ns_karthik
hey malcolm...mind chatting up a bit??

was a post I pu up last weekend on symmetry of moves .. gave us the 135ish to 149 trade before it happened .. called that one on the down move.

this week we are approached 8/8 mml ..... at the overbought zone 150 , also ties in with a 4/8 line on a 128 frame and top of channel .

The thing that shows me the next major dip in the markets is going to be really fierce is that bearish divergence setting up on the daily .. last time I saw was this forming over such a period of time was 220

Price should retrace down to at least 142.20 to bottom of channel next week and i think 150 and for sure 151.56 is max that we can go on this up move.

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-528.png Size: 252 KB
Blogging daily now at www.volume.zone
  • #169,153
  • Apr 4, 2009 9:36am Apr 4, 2009 9:36am
Today PA looks setup for a possible 2000 pips run to the daily fibs from 150 Zone 23.6% to 170 Zone 38.2 %...Buying dips is the strategy for this long swing.The fundamentals and TA looks bullish for this month.

If the 150 Resistance Zone holds than the PB to the Daily TL is the strategy to buy on the dips from the daily TL.. This month is going to be awesome for trend trading...Big pips to make this month...

Good Luck everyone!!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily gj.gif Size: 25 KB
Click to Enlarge Name: weekly gj.gif Size: 27 KB
[
  • #169,154
  • Apr 4, 2009 9:59am Apr 4, 2009 9:59am
The PA pass thru the 23.6% fibs on the daily at 141.70 level and the runs looks bullish to head for the 156.00 level at the 38.2% fibs level...If the 38.2 % level holds than PB to the daily TL(around 142.00 area) would be a nice buying dip level for the swing trade to 168- 170 level on the long term swing.


Good Luck..

Attached Image (click to enlarge)
Click to Enlarge Name: daily gj1.gif Size: 22 KB
[
  • #169,155
  • Apr 4, 2009 10:09am Apr 4, 2009 10:09am
My final (3rd) TP for longs (of the broken dual diagonal diamond) is at 151.50 where we have dayly bullish channels upper TL. Would be nice to get AB=CD pattern starting from the top of the channel and all the way down to D point on the lower TL. As GBP/USD is approaching dayly resistance TL at 1.50 it makes sense shorting GBP/JPY at the channels top with a reasonable stops imo. AB=CD pattern would drop price down the channels bottom around 139/140 area. Its vital to know see the bigger picture and it helps to flow with the market rhytm. Im very happy with last weeks gains so im not eager to pull the trigger before the market shows precise entries for my tight stop loss strategy. Lets see what market has in mind this week
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_dayly_bullishchannel_040409-2.jpg Size: 83 KB
  • #169,156
  • Apr 4, 2009 10:22am Apr 4, 2009 10:22am
You are right the PA may stop at the 151.50 zone before a PB...My fibs levels and 4hr UTL channel points to the same area for the 4hr playout before asian session opens..We may have a gap to this 151.50 level before dropping..




Quoting belekas
My final (3rd) TP for longs (of the broken dual diagonal diamond) is at 151.50 where we have dayly bullish channels upper TL. Would be nice to get AB=CD pattern starting from the top of the channel and all the way down to D point on the lower TL. As GBP/USD is approaching dayly resistance TL at 1.50 it makes sense shorting GBP/JPY at the channels top with a reasonable stops imo. AB=CD pattern would drop price down the channels bottom around 139/140 area....
Attached Image (click to enlarge)
Click to Enlarge Name: 4gj.gif Size: 26 KB
[
  • #169,157
  • Apr 4, 2009 10:30am Apr 4, 2009 10:30am
Quoting rgitt05
The PA pass thru the 23.6% fibs on the daily at 141.70 level and the runs looks bullish to head for the 156.00 level at the 38.2% fibs level...If the 38.2 % level holds than PB to the daily TL(around 142.00 area) would be a nice buying dip level for the swing trade to 168- 170 level on the long term swing.


Good Luck..


i concur with targets, near term i have multiple supply l starting 51.50 55.00 and 159 area as the main player, on 8h, shorters remain flexable.
"Millionaires don't use astrology, billionaires do"
  • #169,158
  • Apr 4, 2009 10:37am Apr 4, 2009 10:37am
Quoting rgitt05
You are right the PA may stop at the 151.50 zone before a PB...My fibs levels and 4hr UTL channel points to the same area for the 4hr playout before asian session opens..We may have a gap to this 151.50 level before dropping..

Lets see how market opens today.
  • #169,159
  • Apr 4, 2009 10:46am Apr 4, 2009 10:46am



Quoting OrionsWay
i concur with targets, near term i have multiple supply l starting 51.50 55.00 and 159 area as the main player, on 8h, shorters remain flexable.
[
  • #169,160
  • Apr 4, 2009 11:46am Apr 4, 2009 11:46am
Quoting belekas
My final (3rd) TP for longs (of the broken dual diagonal diamond) is at 151.50 where we have dayly bullish channels upper TL. Would be nice to get AB=CD pattern starting from the top of the channel and all the way down to D point on the lower TL. As GBP/USD is approaching dayly resistance TL at 1.50 it makes sense shorting GBP/JPY at the channels top with a reasonable stops imo. AB=CD pattern would drop price down the channels bottom around 139/140 area....
Ya... i agree on that. But the pair seems to weigh on the yen more than the pound...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ.JPG Size: 90 KB
Click to Enlarge Name: UJ.JPG Size: 93 KB
Click to Enlarge Name: GU.JPG Size: 84 KB
325 traders viewing now