Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 10448 | 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)

  • #208,941
  • Nov 27, 2009 9:27am Nov 27, 2009 9:27am
Quoting Geppyg
Hats off to you
Thanks.


@Rgitt05

I trade pretty much naked with very few indies. Just a gann line, ema50, and trendlines so not sure if my charts will help much. Much of my analysis comes from just chart watching. I just look at what happened every time a trend changes and take notes of EVERYTHING that happens then the next time it happens again, I will recognize it.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-27.gif Size: 25 KB
  • #208,942
  • Nov 27, 2009 9:30am Nov 27, 2009 9:30am
anyone considering a gu short here near 6500? seems like good value for a short here?
  • #208,943
  • Nov 27, 2009 9:31am Nov 27, 2009 9:31am
Quoting Pipsqueak
I already warned everyone about a possible trend reversal and that buying dips is a better option but I guess nobody listened. We are still in fib retracement with the 38.2 at 142.44 just broken. Next are the 50 and 61.8 fibs at 143.44 and 144.43 respectively. I see this going to 143.20 at least with a low pobability test of 144.43. But then again last time it bounced from 139.78 all the way up to 153 so I wouldn't rule out 150 this time, which is why it's better to buy dips.
I don't think so! b/c this:

UJ weekly:

Attached Image (click to enlarge)
Click to Enlarge Name: ujw.gif Size: 19 KB


Cable:

Attached Image (click to enlarge)
Click to Enlarge Name: gudaily.gif Size: 23 KB


Trade your charts.

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #208,944
  • Nov 27, 2009 9:35am Nov 27, 2009 9:35am
Quoting crashout
Stop looking for longs all !!!! Are you crazy !

Look your charts, does it looks long ?

Why is looking for a long crazy? Didn't the market just made a full retrace? Whoever bought the break made out very well. What would have to happen to convince you to start looking for longs? I hope you're not thinking that the market needs to go up more in order to look long. It's imperative to know the rules of the game being played. In this case, a trader needs to know how the markets work and be able to translate that information into reading a chart correctly. Knowing this will help you see what is going on behind price instead of the typical line of thinking that since it's going up, the market is bullish and vice versa. The truth is out there. It's not what you think.
  • #208,945
  • Nov 27, 2009 9:36am Nov 27, 2009 9:36am
GJ is still moving below 80 EMA but 3,5 EMA crossed above 13,21 EMA and RSI is also moving above Level 50.

so can we take it as trend reversal now?

But all EMA's are still below 80 EMA (bearish sign still holding)

any opinion???????

(Chart is attached)
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.JPG Size: 100 KB
  • #208,946
  • Nov 27, 2009 9:37am Nov 27, 2009 9:37am
Perceiving a long or short bias depends on an individual's time-frame.
  • #208,947
  • Nov 27, 2009 9:45am Nov 27, 2009 9:45am
Quoting JhonMonsalve
I don't think so! b/c this:

UJ weekly:

Attachment

Cable:

Attachment

Trade your charts.

Jhon
Charts can tell you one thing but price action leads the way. The massive bounce from 139.25 should give you clues that it's a major support. Why would you short when there's tons of large buyers entering the market. My basic strategy is buy when I see buyers, sell when I see sellers.

Trend is still down no doubt but this bounce could take GJ all way up to the daily UTL which is currently at around 147.60 and then back down again.
  • #208,948
  • Nov 27, 2009 9:47am Nov 27, 2009 9:47am
Quoting nwsuccess
Why is looking for a long crazy? Didn't the market just made a full retrace? Whoever bought the break made out very well. What would have to happen to convince you to start looking for longs? I hope you're not thinking that the market needs to go up more in order to look long. It's imperative to know the rules of the game being played. In this case, a trader needs to know how the markets work and be able to translate that information into reading a chart correctly. Knowing this will help you see what is going on behind price instead of the typical...
Don't worry my dear, as many of here my week was awful in terms of pips
  • #208,949
  • Edited 10:32am Nov 27, 2009 9:48am | Edited 10:32am
Quoting Pipsqueak
This post from yesterday right after GJ dropped to 139.25....
Not sure what you mean by the board being generally wrong. There are swing traders here, day traders, and scalpers. Some are building long term positions, others are catching the larger rallies up and down, and some are catching the smaller moves inbetween. So everyone is talking about different perspectives that apply to them.

139.29 was major support and a bounce should occur after an 800 pip drop.

We also had a 110% "retrace" back down on Wednesday after a 200 pip move up that caught a lot of people off guard.

One thing about the market is as soon as we say, it did this last time, or something usually means this, that's when it does something you don't expect.

Thanks for your input and good luck with your trades
  • #208,950
  • Nov 27, 2009 9:52am Nov 27, 2009 9:52am
Quoting nwsuccess
Why is looking for a long crazy? Didn't the market just made a full retrace? Whoever bought the break made out very well. What would have to happen to convince you to start looking for longs? I hope you're not thinking that the market needs to go up more in order to look long. It's imperative to know the rules of the game being played. In this case, a trader needs to know how the markets work and be able to translate that information into reading a chart correctly. Knowing this will help you see what is going on behind price instead of the typical...
Yes trend is still down on the weekly and daily. This is a retracement. But a "retracement" with GJ is still a very large move. Possible short area at the broken blue daily trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-27b.gif Size: 33 KB
  • #208,951
  • Nov 27, 2009 9:55am Nov 27, 2009 9:55am
Quoting Pipsqueak
Charts can tell you one thing but price action leads the way. The massive bounce from 139.25 should give you clues that it's a major support. Why would you short when there's tons of large buyers entering the market. My basic strategy is buy when I see buyers, sell when I see sellers.

Trend is still down no doubt but this bounce could take GJ all way up to the daily UTL which is currently at around 147.60 and then back down again.
Ok Pips, I got it, happy pippin'

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #208,952
  • Nov 27, 2009 10:10am Nov 27, 2009 10:10am
Or it might just bounce off the lower trend line at 145 to 146 or so.. .iF it passes that then 147 region for sure.
  • #208,953
  • Nov 27, 2009 10:13am Nov 27, 2009 10:13am
right shorted gu at 6500
  • #208,954
  • Nov 27, 2009 10:23am Nov 27, 2009 10:23am
Quoting ewokuk
right shorted gu at 6500
Leave some pips for us!

Great job on your trades this week.
  • #208,955
  • Nov 27, 2009 10:31am Nov 27, 2009 10:31am
Great!!

Now you are making a point on your calls.



Quoting Pipsqueak
Yes trend is still down on the weekly and daily. This is a retracement. But a "retracement" with GJ is still a very large move. Possible short area at the broken blue daily trendline.
[
  • #208,956
  • Nov 27, 2009 10:43am Nov 27, 2009 10:43am
Quoting rgitt05
Great!!

Now you are making a point on your calls.

Where's msniper?
Attached Image
  • #208,957
  • Nov 27, 2009 10:45am Nov 27, 2009 10:45am
Quoting Fudomyo
Where's msniper?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #208,958
  • Nov 27, 2009 10:47am Nov 27, 2009 10:47am
He is probably filing for bankruptcy in Dubai using EW..




Quoting Fudomyo
Where's msniper?
[
  • #208,959
  • Nov 27, 2009 10:58am Nov 27, 2009 10:58am
Here is msniper learning how to use a Kaboom gun!!



Inserted Video


Quoting Fudomyo
Where's msniper?
[
  • #208,960
  • Nov 27, 2009 11:08am Nov 27, 2009 11:08am
As a reminder, U.S. equity markets are closing early today, 1:00pm EST

Low liquidity or ranging might occur ..

Kaboom might happen again depending on the gold closing at 1pm.

[
389 traders viewing now