Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 8961 | 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)

  • #179,201
  • May 25, 2009 8:56pm May 25, 2009 8:56pm
I have 149.50 as a possible reversal..




Quoting Raza
watchout it might not bounce from pivot... go right through it...149.50..price below 4hr gann
Attached Image (click to enlarge)
Click to Enlarge Name: setup 5-25.png Size: 45 KB
[
  • #179,202
  • May 25, 2009 9:00pm May 25, 2009 9:00pm
Quoting rgitt05
I have 149.50 as a possible reversal..

Looking at 1hr TF, I see 150 as strong support apart from it being a round number as well. IMHO
  • #179,203
  • May 25, 2009 9:01pm May 25, 2009 9:01pm
Quoting Macedonia
its important we close past 150.32 this hour (in 5min time) for further south. imho this is 50ema eur/usd, gbp/usd, gbp/jpy, all dancing on 50 ema
go figure they all stoped exactly on 50ema what a joke
  • #179,204
  • May 25, 2009 9:05pm May 25, 2009 9:05pm
Quoting Macedonia
go figure they all stoped exactly on 50ema what a joke
I suspect that the 50EMA has turned out to be a resistance now. Perhaps I am an optimist and see the glass half full
  • #179,205
  • May 25, 2009 9:07pm May 25, 2009 9:07pm
You could be right...If the 150 holds, than I will long from that area



Quoting janela
Looking at 1hr TF, I see 150 as strong support apart from it being a round number as well. IMHO
[
  • #179,206
  • May 25, 2009 9:08pm May 25, 2009 9:08pm
Quoting Macedonia
go figure they all stoped exactly on 50ema what a joke
Depends whether you really think the Japanese CB and Mrs Watanabe* give a toss about an EMA?!


* http://blogs.ft.com/gapperblog/2008/...se-of-the-yen/

http://www.gocurrency.com/forex-news...-mrs-watanabe/
Ignorance, is blatantly, bliss.
  • #179,207
  • May 25, 2009 9:16pm May 25, 2009 9:16pm
Littel dciey to get in at this point, Ichimoko cloud indicates support at 150.00 on the 1hr and 150.27 on 30 minute, Breaks those probably see 149.00 easily
  • #179,208
  • May 25, 2009 9:26pm May 25, 2009 9:26pm
I did post my chart before.
Confirmatory ending diagonal tf 15 & 5 min.
Shooting star at resistance tf 1H
Megaphone top chart pattern tf 4H
Daily awaiting confirmatory ending diagonal
Bear flag weekly chart.

-------------Hope thats help.

read further at home page or http://forexanalysis.org/forex-analy...ction-is-fine/
  • #179,209
  • May 25, 2009 9:30pm May 25, 2009 9:30pm
www.FXSOL.com FX solutions has 12h,8h,6h,4h,2h,30m,15m,10m......down to 1m. Ther accu chart are pretty good..but you can not add indicators and the daily candles change at 5pm est time. I am using fx accu charts and fx trading with metatrader charts. Sorry about your trouble with your broker...
Quoting LuckyRoost
I have tried a couple IBFX, FXDD, FXCM and Forex.com (and tried FXopen & Broco-- but those didn't pan out)

I can't really complain about FXDD-- But I'm primarily on Forex.com-- they moved my acct to their UK HQ so you can hedge all you want. My biggest complaint is probably not getting my limit orders filled "at the line" Happens at least once a day-- I need to give my orders a couple more pips of "play" or go to an ECN...
  • #179,210
  • May 25, 2009 9:31pm May 25, 2009 9:31pm
Quoting thewasp
Depends whether you really think the Japanese CB and Mrs Watanabe* give a toss about an EMA?!


* http://blogs.ft.com/gapperblog/2008/...se-of-the-yen/

http://www.gocurrency.com/forex-news...-mrs-watanabe/
ok you are corect, lets not use charts lets just trade gossip
  • #179,211
  • May 25, 2009 9:39pm May 25, 2009 9:39pm
Quoting janela
I suspect that the 50EMA has turned out to be a resistance now. Perhaps I am an optimist and see the glass half full
hi janela, well its frustrating because the price did not close below 50 ema. it could be interpreted up or down like you said glass half full or glass half empty. hard to make a descision. i will call it incomplete, just whait and see what happens
  • #179,212
  • May 25, 2009 9:40pm May 25, 2009 9:40pm
Quoting Macedonia
ok you are corect, lets not use charts lets just trade gossip
Charts are soooo last year... as for the 50EMA (or any MA) Its a large assumption that enough big money is watching and acting because of it.
Ignorance, is blatantly, bliss.
  • #179,213
  • May 25, 2009 9:45pm May 25, 2009 9:45pm
Quoting thewasp
Depends whether you really think the Japanese CB and Mrs Watanabe* give a toss about an EMA?!


* http://blogs.ft.com/gapperblog/2008/...se-of-the-yen/

http://www.gocurrency.com/forex-news...-mrs-watanabe/
How about GannHiLo[10] ??

btw.. the news are fresh from October 28, 2008 5:55pm
  • #179,214
  • May 25, 2009 9:50pm May 25, 2009 9:50pm
Quoting Piters
How about GannHiLo[10] ??
Not even sure what that is.

I don't know for sure, as no one knows completely, but if a survey was done of all major CB's, IB's and HF traders in sterlingyen, from whom I know and what I do know after 15 years, I would be willing to bet that support and resistance comes out the highest percentage, with MA's, Gann, fibs, ichimoko etc coming in a very tiny amount of regularity.
Ignorance, is blatantly, bliss.
  • #179,215
  • May 25, 2009 9:50pm May 25, 2009 9:50pm
Quoting thewasp
Charts are soooo last year... as for the 50EMA (or any MA) Its a large assumption that enough big money is watching and acting because of it.
check this out. (yellow ma) 8 bounces since 18 may on the eur/usd for an example if i get rid of it mabe it will stop bouncing of it. but i dont depend on ma alone but i also dont trade with out a chart. i definetly dont trade on gossip and interpritations or point of views. if certain news are worth considering, the chart will tell me.
Attached Image (click to enlarge)
Click to Enlarge Name: ih eu.gif Size: 22 KB
  • #179,216
  • May 25, 2009 9:52pm May 25, 2009 9:52pm
Quoting Macedonia
check this out. yellow ma 8 bounces since 18 may on the eur/usd for an example if i get rid of it mabe it will stop bouncing of it. but i dont depend on ma alone but i also dont trade with out a chart. i definetly dont trade on gossip and interpritations or point of views. if certain news are worth considering, the chart will tell me.
your money mate, you do what you like, but if you think price reacts because of the squiggly yellow line (not vica versa), that's you prerogative.




BTW: The news articles were to show who Mrs Watanabe is for those who had not heard of her. The story itself was irrelevant other than Japan states she now accounts for over 20% of Asian session volumes as of this year.
Ignorance, is blatantly, bliss.
  • #179,217
  • May 25, 2009 10:06pm May 25, 2009 10:06pm
ok, bro as you said, it is your money, do what you think is the best.. there are PPL with technical analysis, news trader, fundies..
As long your approach makes you a money that's fine...

Still I have to say: for PPL who follow charts, there are s/r levels where PA respects those, and each pair is different storry..

Ema50 and GannHiLO [10] statisticaly are very close to Pound pairs, GU, GY.. You can read something more about if you start reading the begining of this thread. Fibonacci, Pivots, Gann, MM lines are different story.

Noone moves because of those lines, but they are using them as a levels.. They respect and stop on those lines.. they place TP, SL orders on those levels.. same as trend lines... that is like banker's language..

Otherwise, tell me WHY pa respects TL and patterns like wedges, or H/S, or daily/weekly trendlines [TL]

*They play between the levels
  • #179,218
  • May 25, 2009 10:07pm May 25, 2009 10:07pm
Quoting thewasp
your money mate, you do what you like, but if you think price reacts because of the squiggly yellow line (not vica versa), that's you prerogative.




BTW: The news articles were to show who Mrs Watanabe is for those who had not heard of her. The story itself was irrelevant other than Japan states she now accounts for over 20% of Asian session volumes as of this year.
i am well aware indicators act after price.indicators do not tell the future but i want some sort of indication of where the price might go. anyway enough on this isue. if the way you trade works for you thats great. i am doing fine and we are both happy.
  • #179,219
  • May 25, 2009 10:09pm May 25, 2009 10:09pm
Quoting thewasp
Not even sure what that is.

I don't know for sure, as no one knows completely, but if a survey was done of all major CB's, IB's and HF traders in sterlingyen, from whom I know and what I do know after 15 years, I would be willing to bet that support and resistance comes out the highest percentage, with MA's, Gann, fibs, ichimoko etc coming in a very tiny amount of regularity.
You dont know what GannHiLo is. Did you stumble to this thread by accident ?
  • #179,220
  • May 25, 2009 10:17pm May 25, 2009 10:17pm
Another Drop should be happening soon after 4 Hr candle.. will try to short from 150.72.. depending on PA. 15M 50ema
Markets are not Random, they are designed!
62 traders viewing now