Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 9616 | 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)

  • #192,301
  • Aug 28, 2009 5:03am Aug 28, 2009 5:03am
Quoting msniper
GJ target reached for me closed at 153.30

now news time i will wait until i see breakout or seller hit

cable still open @ 1.6180 and planing to go long again once it goes below 6244
Nice trading! Just closed my cable long from same open 1.6180.

If there is another push up at NY open, I'll be looking to get short on geppy at red circle 154.5 (not shown on chart but it's 61.8% fib retrace from high on 24th August) and take profit targets at the green circles 150.5 (4h trend line support) and 147.5 (161.8% fib).
Attached Image (click to enlarge)
Click to Enlarge Name: gy28aug09.gif Size: 30 KB
  • #192,302
  • Aug 28, 2009 5:06am Aug 28, 2009 5:06am
thats is my vision.
now we in 38%fib and gu did 540 pips from top of the channel.
i think we touch 50% or even 61.8% and then continue down move
Attached Image (click to enlarge)
Click to Enlarge Name: gj_my_28_08_09.JPG Size: 91 KB
  • #192,303
  • Aug 28, 2009 5:09am Aug 28, 2009 5:09am
Quoting uksnowman
Nice trading! Just closed my cable long from same open 1.6180.

If there is another push up at NY open, I'll be looking to get short on geppy at red circle 154.5 (not shown on chart but it's 61.8% fib retrace from high on 24th August) and take profit targets at the green circles 150.5 (4h trend line support) and 147.5 (161.8% fib).
that was my plan too good luck for both of us. the 61.8% @ 154.5 is 50MA on 4h, strong resistance ^^.
  • #192,304
  • Aug 28, 2009 5:15am Aug 28, 2009 5:15am
hmm Raza said something month ago...i save it on my head.....he mention we should see 150, before we rise to 167...okay guys watch candle chart and previous candle close hammer...todau is above it , IMO if today candle close above it daily might turn bullish...
this will be very hard to sell now till next week when we see how weekly close....i smell trap and manipulation ..daily chart look scarry
trade your chart and use sl....
Attached Image (click to enlarge)
Click to Enlarge Name: 8-28-2009 11-11-36 AM.png Size: 25 KB
MY OPINION NOT FINANCIAL ADVISE
  • #192,305
  • Aug 28, 2009 5:23am Aug 28, 2009 5:23am
this week close below 154.87 I think we will see 147 area on weekly chart.
Dayly chart gives almost same resistance 154.30 and the strongest @ 5700. So I will short around 154.30-154.87. Remember the blue line and red line crossed over that conformed bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: ichimcu gj.jpg Size: 253 KB
  • #192,306
  • Aug 28, 2009 5:24am Aug 28, 2009 5:24am
Quoting igorsky69
thats is my vision.
now we in 38%fib and gu did 540 pips from top of the channel.
i think we touch 50% or even 61.8% and then continue down move

nice chart bro...i smell trap, trap and full trap......just trade safe..and use sl
MY OPINION NOT FINANCIAL ADVISE
  • #192,307
  • Aug 28, 2009 5:42am Aug 28, 2009 5:42am
Quoting donfriday
nice chart bro...i smell trap, trap and full trap......just trade safe..and use sl

I can be wrong but i cant say what my eyes not seeing...
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #192,308
  • Aug 28, 2009 5:45am Aug 28, 2009 5:45am
Quoting donfriday
nice chart bro...i smell trap, trap and full trap......just trade safe..and use sl
i forgot to paint bullish divergence
and you right
that means end of bear trend
Attached Image (click to enlarge)
Click to Enlarge Name: gj_my_28_08_09.JPG Size: 92 KB
  • #192,309
  • Aug 28, 2009 6:03am Aug 28, 2009 6:03am
Quoting Angelina
that was my plan too good luck for both of us. the 61.8% @ 154.5 is 50MA on 4h, strong resistance ^^.
Good luck to you too! Yep agreed, there is good confluence in that area.

Just want to show a quick chart of ES. The current daily trading range is very similar to the range in early June shown in the red boxes.

They both look like distribution phases to me but I'm no expert so would like some comments. After the first distribution in June, there is a falling off of volume indicating lack of pro interest in the down move, then at the beginning of July there is very high stopping volume prior to the upmove.

There could be a breakout north of the current range to test new demand. If it is on low volume with no continuation or if there is very high volume but price comes back down to the range, I'll be tempted to say that we will be in for a big correction to the south. This would help GY get down towards the 147.5 level and below.

Anyone share a similar view or could you let me know what you think?
Attached Image (click to enlarge)
Click to Enlarge Name: es.gif Size: 35 KB
  • #192,310
  • Aug 28, 2009 7:14am Aug 28, 2009 7:14am
Why is so quiet over here? Most of u get gorged by the bull?
  • #192,311
  • Aug 28, 2009 7:17am Aug 28, 2009 7:17am
I'm concerned about the dollar economic data releases coming strong and sweeping out my profit in both cable and gbp/jpy. hope something crazy won't happen because im pretty cool right now
  • #192,312
  • Aug 28, 2009 7:20am Aug 28, 2009 7:20am
  • #192,313
  • Aug 28, 2009 7:30am Aug 28, 2009 7:30am
Quoting Forty
I'm concerned about the dollar economic data releases coming strong and sweeping out my profit in both cable and gbp/jpy. hope something crazy won't happen because im pretty cool right now
Then get out, you always can get back in. Don't gamble.
  • #192,314
  • Aug 28, 2009 8:03am Aug 28, 2009 8:03am
Bears expecting a drop back? Bulls thinking here we are again? Newbies thinking wtf is happening now?


A few thoughts:

  1. ES double top formed..... (maybe), but will know more after the open.
  2. GY retraced to 38% fibo from the week's move down. 50% sits at 153.91.
  3. 153.91 is as near as damn to the 4hr 50ema, where we could well see a bounce if we get there.
  4. There is also a point of control at 154. Previous support. VERY IMPORTANT.
  5. Nothing fundamental has changed to bring GY back up, but it has moved up.
  6. 4hr TF, PA looks a lot like a simple bear flag.

When everyone was expecting GY to break 151 lower, it was bought. Now what does everyone expect it to do? My guess is the big boys will continue to ramp it up until we're all about to join the bulls.

Here, 153.42 is an obvious point to short, but I smell a short trap too.

We go higher for the rest of the day I think, but the relationship between ES and GY will be crucial. If ES makes new highs and GY only climbs modestly, then bearishness still in play.

JMHO of course.

  • #192,315
  • Aug 28, 2009 8:09am Aug 28, 2009 8:09am
Quoting ukdaytrader
Bears expecting a drop back? Bulls thinking here we are again? Newbies thinking wtf is happening now?


A few thoughts:[list][*]ES double top formed..... (maybe), but will know more after the open.[*]GY retraced to 38% fibo from the week's move down. 50% sits at 153.91.[*]153.91 is as near as damn to the 4hr 50ema, where we could well see a bounce if we get there.[*]There is also a point of control at 154. Previous support. VERY IMPORTANT.[*]Nothing fundamental has changed to bring GY back up, but it has moved up.[*]4hr TF, PA looks...
yups.. i agree.. just went short 153.55.
  • #192,316
  • Aug 28, 2009 8:10am Aug 28, 2009 8:10am
Closed cable long from 1.6180 @1.6360 which is 180pips profit

closing doesn't change my view that cable is going up but i rather spend my weekend without open trades espcially end of the month

GJ once it close above 153.50 @4hours it will be bullish in my opinion

once again here is my cable long term view
Attached Image (click to enlarge)
Click to Enlarge Name: cable long term.png Size: 78 KB
  • #192,317
  • Aug 28, 2009 8:11am Aug 28, 2009 8:11am
In simple terms, All I see her is a break of the weekly UTL and the move back up to test the back side. Simple charting. Hopfully we get there and bounce short. I am long to the 5350 - 5360 area.

Jim


ote=uksnowman;3001909]Good luck to you too! Yep agreed, there is good confluence in that area.

Just want to show a quick chart of ES. The current daily trading range is very similar to the range in early June shown in the red boxes.

They both look like distribution phases to me but I'm no expert so would like some comments. After the first distribution in June, there is a falling off of volume indicating lack of pro interest in the down move, then at the beginning of July there is very high stopping volume prior to the upmove.

There could be a breakout north of the current range to test new demand. If it is on low volume with no continuation or if there is very high volume but price comes back down to the range, I'll be tempted to say that we will be in for a big correction to the south. This would help GY get down towards the 147.5 level and below.

Anyone share a similar view or could you let me know what you think?[/quote]
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 47 KB
  • #192,318
  • Aug 28, 2009 8:11am Aug 28, 2009 8:11am
Quoting A-speculator
yups.. i agree.. just went short 153.55.
I never said go short. lol
  • #192,319
  • Aug 28, 2009 8:13am Aug 28, 2009 8:13am
I think the upmove is just a pullback and limited to approx 155.00 which is 50% fibo. However, looking at the price now, it seems it failed to break the 38% and that is why I think it is good price to short. Furthermore, 153.50 is consider the previous cluster support turn resistance..
  • #192,320
  • Aug 28, 2009 8:14am Aug 28, 2009 8:14am
Quoting mktjong
Why is so quiet over here? Most of u get gorged by the bull?


the millionaires are counting there pips and nervous if they still want to hold it.
MY OPINION NOT FINANCIAL ADVISE
28 traders viewing now