Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 9275 | 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)

  • #185,481
  • Jul 22, 2009 9:38pm Jul 22, 2009 9:38pm
For entries and slow PA



Quoting Fusion
Don't you love 5 min. chart!
[
  • #185,482
  • Jul 22, 2009 9:39pm Jul 22, 2009 9:39pm
Quoting azibi
sold again at 15500 res. now 15520
Kamikaze trade
  • #185,483
  • Jul 22, 2009 9:49pm Jul 22, 2009 9:49pm
Quoting msniper
so WHAT ? its not a must to be equal in size perfectly or one higher than other one
so every peak is a head and shoulder as long as the recent peak is lower than the previous. ok be my guest and play it. right shoulder has to be paralel or lower than the left. But who gives a shit trade your own way.
  • #185,484
  • Jul 22, 2009 9:49pm Jul 22, 2009 9:49pm
We just had a break through 155 res.
  • #185,485
  • Jul 22, 2009 9:51pm Jul 22, 2009 9:51pm
let see a reaction now
  • #185,486
  • Jul 22, 2009 9:58pm Jul 22, 2009 9:58pm
this what i think will happen
Attached Image (click to enlarge)
Click to Enlarge Name: senaroo.png Size: 35 KB
  • #185,487
  • Jul 22, 2009 10:07pm Jul 22, 2009 10:07pm
Almost 150.50 now... I'll try a short at that level.
  • #185,488
  • Jul 22, 2009 10:08pm Jul 22, 2009 10:08pm
my daily sentiments are bullish (does not mean i will not short on lower time frames). why?

A) yesturdays candle is bullish to me. long botom wick shows bulls had the power

B) good earnings reports are coming out left right and center.

C) if this crash is going to hapen, big boys will take it up first get every one sucked in and then sell it.
Attached Image (click to enlarge)
Click to Enlarge Name: gj aus chart.gif Size: 25 KB
  • #185,489
  • Jul 22, 2009 10:08pm Jul 22, 2009 10:08pm
Quoting tonycashflow
Almost 150.50 now... I'll try a short at that level.
155.50 is 61.80% Fibo resistance
  • #185,490
  • Jul 22, 2009 10:10pm Jul 22, 2009 10:10pm
This news is probably what is helping the EJ and GJ.

If this news carries out than the PA will be a big rally.

IMHO




http://www.bloomberg.com/apps/news?p...d=aZS4KG1riqwM
[
  • #185,491
  • Jul 22, 2009 10:12pm Jul 22, 2009 10:12pm
Quoting msniper
155.50 is 61.80% Fibo resistance
I should probably learn to draw those.
  • #185,492
  • Jul 22, 2009 10:15pm Jul 22, 2009 10:15pm
I'm in awe on how firmly this thingy has risen over the past 3 hours. I see it diverging from it's channel over the past 18 hours, as have all the JPY crosses, so it may be a fundamental statement of Japan's political troubles, and the crappier-than-others state of their economy. (note GBPUSD has not been moving in parallel for the past 3hrs) I see (hope!) 155.5 is about where it stops and reverses, but would not be surprised to see it test 156.4, by which time the whipsaw effect will have squeezed many (of us!) out.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-07-22_231137.png Size: 40 KB
  • #185,493
  • Jul 22, 2009 10:16pm Jul 22, 2009 10:16pm
Quoting Macedonia
my daily sentiments are bullish (does not mean i will not short on lower time frames). why?

A) yesturdays candle is bullish to me. long botom wick shows bulls had the power

B) good earnings reports are coming out left right and center.

C) if this crash is going to hapen, big boys will take it up first get every one sucked in and then sell it.
do you think we might take the weekly high of 156.90?
  • #185,494
  • Jul 22, 2009 10:18pm Jul 22, 2009 10:18pm
she is flying , i locked into profit (SL @ 154.25) , H&S senario may still available.

http://www.forexfactory.com/showthre...96#post2894896

trade with care, it was only the asian market, she may even fly more on London and NY.

i'm going to sleep again, GoodLock Guys
Making money not by predicting just by following ...
  • #185,495
  • Jul 22, 2009 10:31pm Jul 22, 2009 10:31pm
Oh .. I stop loss hit yesterday..
I was very show off yesterday.

Apology
  • #185,496
  • Jul 22, 2009 10:33pm Jul 22, 2009 10:33pm
Quoting msniper
this what i think will happen
Do you describe this rally is just a temporary?
  • #185,497
  • Jul 22, 2009 10:38pm Jul 22, 2009 10:38pm
for some reason every time I trade it goes against me within a day or so. At first I thought it was just coincidence but I think I have some serious bad luck. I'll enter a trade and all of a sudden every piece of data is opposite of what was expected and the trade goes the other way until I get stopped out. I'm not mad but I just think I have the worst luck when I try to seriously trade. Does anyone else have this issue? If anyone does then maybe I don't have bad luck and it's just me.
  • #185,498
  • Jul 22, 2009 10:46pm Jul 22, 2009 10:46pm
waiting for 155.82 - 156.60 to sell for 100 - 120 pips.. then Buy again.. to 157- 158xx

Next Hourly candle will tell direction for next 2 days..

We have option expiry witching hour This Friday...

Trade safe.. I am looking UP not Down..
Markets are not Random, they are designed!
  • #185,499
  • Jul 22, 2009 10:47pm Jul 22, 2009 10:47pm
Quoting dre3029
for some reason every time I trade it goes against me within a day or so. At first I thought it was just coincidence but I think I have some serious bad luck. I'll enter a trade and all of a sudden every piece of data is opposite of what was expected and the trade goes the other way until I get stopped out. I'm not mad but I just think I have the worst luck when I try to seriously trade. Does anyone else have this issue? If anyone does then maybe I don't have bad luck and it's just me.
It has more to do with 1) the 300-500 pip range this beast has, and therefore the high probability for you to enter at the wrong time and get whipsawed out of your trade, since your pockets can't be as deep as necessary but moreso 2) you're not yet understanding the currency, and, if as you've solely written here that luck is your issue, then forex trading may not be for you, until you really develop the right not only skills but mindset too. Not trying to be cruel, but just feel you need to practice MM firstly and analysis or at minimum develop very good scalping skills to build up capital.
  • #185,500
  • Jul 22, 2009 10:58pm Jul 22, 2009 10:58pm
Quoting Raza
waiting for 155.82 - 156 to sell for 100 - 120 pips.. then Buy again.. to 157- 158xx

Next Hourly candle will tell direction for next 2 days..

We have option expiry witching hour This Friday...

Trade safe.. I am looking UP not Down..
Thanks for posting Raza - appreciate your constructive input and that of others here. I completely understand your logic on the PA reasoning. I see GJ is now showing good support and perhaps some indecision @ 155.25 and would not be surprised to see it lower to ~154.9 before heading up again, but surpassing 155.8 for the next trip up. I was hoping for it to revisit 154.3 again, but I see the chances as low.

Appreciate if you can followup/post on the hourly candle logic showing the next 48hrs direction, when she's closed; it will help in my learning process.
27 traders viewing now