Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 10072 | 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)

  • #201,421
  • Oct 3, 2009 8:05pm Oct 3, 2009 8:05pm
ok, i see your point. but let me show you these charts, and tell me what you think.
just the charts. pound and yen.

Quoting direct-trade
Hi Scrat, I posted this in the Cable thread here:

http://www.forexfactory.com/showpost...stcount=172757

The Chart posted last week (shown below) shows a bounce from 14093 which was expected and is seen as an opportunity to load up with further Shorts. I am still holding from 15220, 15020, and reloaded again at 14375. As to the extent of the rise, I am unable to tell until I see the tape Sunday PM (gmt) and during Asia.

This rise is just a bounce IMHO and in no way a Bull rally/reversal. I believe many will fall...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g-u_d.gif Size: 17 KB
Click to Enlarge Name: u-j_d.gif Size: 15 KB
Click to Enlarge Name: g-j_d.gif Size: 15 KB
Nihil Sine Deo.
  • #201,422
  • Oct 4, 2009 12:13am Oct 4, 2009 12:13am
I just read some funny post.........a chart shows Price moving over 500Pips u call it bull trap..wow.......there is always short buyers and short sellers in price action so this is just it for now and why that will be a bull trap when u can just grap some easy pips..u holding a position of swing and letting 500pips to go of ur trade that is bullshit bro
MY OPINION NOT FINANCIAL ADVISE
  • #201,423
  • Oct 4, 2009 12:28am Oct 4, 2009 12:28am
Looks like gj needs to test break of daily double top around 146.60ish before next move down to 132..
  • #201,424
  • Oct 4, 2009 2:06am Oct 4, 2009 2:06am
I don't subscribe to the philosophy of NFP already being priced-in. Yen strength was not a surprise considering the noises coming from Japan and the UK this past few weeks. So what happened on Friday?
Well, a picture says a thousand words.....

1hr chart. Buyers stepping in during NFP announcement. (first white triangle). Increased volume.
BUT, increased volume had to be expected during NFP and the buyers stepped in on the dip, which is a sign of profit taking IMO. The subsequent rise was sold into 3 bars later, (second white triangle), and although the price still rose, the volume dropped off massively.

Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.gif Size: 25 KB


4hr chart. Volumes over the course of the day were not high. Does not signify long term strength to me.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.GIF Size: 26 KB


We'll see what this week holds.....
  • #201,425
  • Edited 4:12am Oct 4, 2009 2:47am | Edited 4:12am
Candles Closed above 1 hr Gann..

Candle above 50 ema. QQE is above 50 line.

Price retraced 61.8% of 139- 144.50 at 142.70( above atm)

IF price goes below 140.80... next target is 137.23.

1hr seems Bullish... (UGLY Double Bottom)

First target 144.66 (4 hr 50 ema)

Second target 146.30

Third Target 147.50- 64...

4 hr QQE is crossing Upward..MACD cross OVER..

4 hr Ugly Double Bottom. ABC zig zag.(139 TO 144.50..C= 147.65 minimum)..

Weekly Candle looks like a Bullish Harami or Homing Pigeon(lol).. Sunday close will confirm that...

Just an Observation... Not a Call..
Markets are not Random, they are designed!
  • #201,426
  • Oct 4, 2009 3:43am Oct 4, 2009 3:43am
also 12 of the last 13 nfp have caused a spike one way, then it goes flying the other way. does it pretty much every time. from this i would assume its purely a kill the little guy tactic that they use on every nfp release, knowing many will hop on the initial spike then get wiped out when they ram it back the other way.

i cant see any real reason why it would rise much from here. might go up a bit more, id be a bit surprised if it reached 145
  • #201,427
  • Oct 4, 2009 3:58am Oct 4, 2009 3:58am
i know most of us are biased to the short side, and we are all selling........but lets not over look the facts that 140.50-140.70 is major weekly resistance....so i wont be surprised if it moves up a bit.......im still holding the shorts.....im just saying lets be careful and expect some up moves
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.JPG Size: 55 KB
  • #201,428
  • Oct 4, 2009 4:01am Oct 4, 2009 4:01am
Are you saying , you believe it will gradually move up, and then down? Or it will have a gap up at the open, and then we will head down from there?

Quoting pwramses
i know most of us are biased to the short side, and we are all selling........but lets not over look the facts that 140.50-140.70 is major weekly resistance....so i wont be surprised if it moves up a bit.......im still holding the shorts.....im just saying lets be careful and expect some up moves
  • #201,429
  • Oct 4, 2009 4:16am Oct 4, 2009 4:16am
Quoting donfriday
I just read some funny post.........a chart shows Price moving over 500Pips u call it bull trap..wow.......there is always short buyers and short sellers in price action so this is just it for now and why that will be a bull trap when u can just grap some easy pips..u holding a position of swing and letting 500pips to go of ur trade that is bullshit bro
Entering into a written quarrel on the internet is a non event, but to do so with someone who is probably 14 years old and who has the same literary skills of a "Jeremy Kyle holding pen"...is actually quite pointless.

Some advice for you...taken from something you have never read...called a "Dictionary":

PS Welcome to the ignore list.


professional



pro⋅fes⋅sion⋅al

 /prəˈfɛʃhttp://sp.ask.com/dictstatic/diction...una/thinsp.pngəhttp://sp.ask.com/dictstatic/diction...una/thinsp.pngnl/ Show Spelled Pronunciation [pruh-fesh-uh-nl]


–adjective

1.following an occupation as a means of livelihood or for gain: a professional builder. 2.of, pertaining to, or connected with a profession: professional studies. 3.appropriate to a profession: professional objectivity. 4.engaged in one of the learned professions: A lawyer is a professional person. 5.following as a business an occupation ordinarily engaged in as a pastime: a professional golfer. 6.making a business or constant practice of something not properly to be regarded as a business: “A salesman,” he said, “is a professional optimist.” 7.undertaken or engaged in as a means of livelihood or for gain: professional baseball. 8.of or for a professional person or his or her place of business or work: a professional apartment; professional equipment. 9.done by a professional; expert: professional car repairs.


–noun

10.a person who belongs to one of the professions, esp. one of the learned professions.11.a person who earns a living in a sport or other occupation frequently engaged in by amateurs: a golf professional. 12.an expert player, as of golf or tennis, serving as a teacher, consultant, performer, or contestant; pro.13.a person who is expert at his or her work: You can tell by her comments that this editor is a real professional.

Origin:
1740–50; profession + -al1 http://sp.ask.com/dictstatic/diction...una/thinsp.png

Related forms:
pro⋅fes⋅sion⋅al⋅ly, adverb
  • #201,430
  • Oct 4, 2009 4:19am Oct 4, 2009 4:19am
well on weekly we do have a double top, and on the long run i am bearish on GJ......but this place has shown strong resistance in the past, and it clearly encouraged some buyers to enter the market......when it breaks the 140.60 area then i will be more comfortable with my shorts.......but for now i am expecting some up moves next week...hopefully not too severe
  • #201,431
  • Oct 4, 2009 4:33am Oct 4, 2009 4:33am
@direct-trade....putting me on ignore list does not stop me from telling the truth or stop me from grabbing some free pips so suit urself. i know truth is always bitter that is why we never seek of solution to our problem....If 500pips is a trap then i bet fx is very fun to trade. and with ur trading style daily and weekly is telling u alot more in the price action so i do not have any clue where u got 500pips bull trap in this market when u can just yumm it and clean mouth ..
dont worry boy i buy u sunglass
MY OPINION NOT FINANCIAL ADVISE
  • #201,432
  • Oct 4, 2009 4:47am Oct 4, 2009 4:47am
>>>

Oct. 3 (Bloomberg) -- Banks in Minnesota, Michigan and Colorado were shut by regulators, bringing this year’s toll of U.S. failures to 98 amid the worst financial crisis in more than seven decades.

<<<
  • #201,433
  • Oct 4, 2009 5:21am Oct 4, 2009 5:21am
Quoting direct-trade
I do not normally post on a Saturday, but the PA on Friday had me concerned.

What I do in situations such as those is this:

Do nothing for 24Hrs
Do not think about the markets and avoid all news.
Do not concern myself about where price might go, if I am on the wrong side, has a bull run started etc.

Then, after over 24Hrs, ie now:

My mind is clear and uncluttered, so open the screens and study. Study not where I want price to go, but where I see the Price Action going.

So, after looking at my Charts this evening this is what I see:...
Hi dt.
We share the same bias. Interestingly enough 2 of the 3 resistance you have are identical to what I have. Like you I am looking to short to a much lower target (136 level).
And as much as people are looking at those daily pins, there's also the evening star formation that has to be invalidated to be sure of a strong pullback.
However, 144.5 is where I draw the line tbh. Close above that & I think it's probably a good idea to start buying. We had spiralled 2345 pips without any meaningful retrace, so might be worth considering.
That being said, I take it one day at a time & as of the close last friday, we still selling.

Have a good one brother
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gyd.JPG Size: 60 KB
Click to Enlarge Name: gy1.JPG Size: 93 KB
Thank You
  • #201,434
  • Oct 4, 2009 6:20am Oct 4, 2009 6:20am
[quote=donfriday;3115082]@direct-trade....putting me on ignore list does not stop me from telling the truth or stop me from grabbing some free pips so suit urself. i know truth is always bitter that is why we never seek of solution to our problem....If 500pips is a trap then i bet fx is very fun to trade. [quote]

but You can tell him in better way.. we're all learn here.. just give your opinion or analize but dont have to arrogant! nobodys perfect..

peace from newbie
  • #201,435
  • Oct 4, 2009 6:22am Oct 4, 2009 6:22am
Quoting donfriday
@direct-trade....putting me on ignore list does not stop me from telling the truth or stop me from grabbing some free pips so suit urself. i know truth is always bitter that is why we never seek of solution to our problem....If 500pips is a trap then i bet fx is very fun to trade. and with ur trading style daily and weekly is telling u alot more in the price action so i do not have any clue where u got 500pips bull trap in this market when u can just yumm it and clean mouth ..
dont worry boy i buy u sunglass
maybe u taking it the wrong way..and when he say "bull trap" maybe he means trend change trap, that is the trap people can fall into loading up, thinking trend will change...why people choose to attack people analysis is beyond me... and u know he is a position trader, so 500 pip to him isnt a big deal

news flash..any1 can get it wrong!!! I personally think he is a great trader, he post his thought and they make sense, and u knock him! why?

if u attack someone based on analysis going wrong then i think theres an issue there somewhere..i just dont get it!..I think u should know better, u really should..
  • #201,436
  • Oct 4, 2009 6:33am Oct 4, 2009 6:33am
[quote=Fiesta_id;3115134][quote=donfriday;3115082]@direct-trade....putting me on ignore list does not stop me from telling the truth or stop me from grabbing some free pips so suit urself. i know truth is always bitter that is why we never seek of solution to our problem....If 500pips is a trap then i bet fx is very fun to trade.
Quote

but You can tell him in better way.. we're all learn here.. just give your opinion or analize but dont have to arrogant! nobodys perfect..

peace from newbie

http://www.forexfactory.com/showpost...stcount=201429

bro i did not quote him so i see no reason he should quote me, and telling me he want to ignore me, no offense but i want what the market want not because i am holding swing trade and will decide market should always go my way....if anyone check the spike on uj after nfp and daily include weekly chart it tell a million story....
MY OPINION NOT FINANCIAL ADVISE
  • #201,437
  • Oct 4, 2009 6:34am Oct 4, 2009 6:34am
@nAVIN2007.. I Agree with you..
respect each other..
  • #201,438
  • Oct 4, 2009 6:45am Oct 4, 2009 6:45am
Quoting nAVIN2007
maybe u taking it the wrong way..and when he say "bull trap" maybe...

http://www.forexfactory.com/showpost...stcount=201429

bro no attack and i never quote him, this is free world and mind sharing ...if he think this is trap and he can handle 500pips what about other newbie that pick trade from our post? ...I'm not a great trade but i still make pips for myself and i dont even want to be a great trader it make me flattered if someone call me great trader....direct-trader always get me wrong rite from Grashid issue several months cus he mentioned he make so much pips and direct-trader ask question that i do not think it's very necessary, he promised never to post in this thread again and i've said to myself i will not quote him so bro let him chil and be more mature that this is top 10 thread in ff so many newbie cant handle such pips drawdown...
market is doing what should be done and traders should follow what the market is doing with our MM...i no rite ....cheers
MY OPINION NOT FINANCIAL ADVISE
  • #201,439
  • Oct 4, 2009 6:54am Oct 4, 2009 6:54am
Quoting Scrat
ok, i see your point. but let me show you these charts, and tell me what you think.
just the charts. pound and yen.
Hi Scrat,


USD/JPY in descending wedge, if descending wedge fails, then bounce to UTL before fall.

GBP/USD rejection from UTL and retest. Poised for fall.

GBP/JPY also in descending wedge.

If the daily pin bars were on any other day apart from NFP etc, I would give them more credability. I still see a fall from here IMHO.

Of course, I could be wrong...tonight/tomorrow will be interesting.

All the best
  • #201,440
  • Oct 4, 2009 7:00am Oct 4, 2009 7:00am
Quoting wormboy
Hi dt.
We share the same bias. Interestingly enough 2 of the 3 resistance you have are identical to what I have. Like you I am looking to short to a much lower target (136 level).
And as much as people are looking at those daily pins, there's also the evening star formation that has to be invalidated to be sure of a strong pullback.
However, 144.5 is where I draw the line tbh. Close above that & I think it's probably a good idea to start buying. We had spiralled 2345 pips without any meaningful retrace, so might be worth considering.
That being...
Hope you are having a good weekend WB.

I totally agree with your analysis bro.

The 240 pip rise from the low is just a dead bounce IMHO

All the best
74 traders viewing now