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Auslanco-GBP/JPY Strength Indicator strategy 345 replies

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Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
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Auslanco - GBP/JPY and GBP/USD (newstrade)

Selling all rallies..You are right PB is possible..However, I believe a drop to the downside first before that rally!!

Patience is the key..



Quoting Cdawg
I fully agree that we are headed down, though from your charts there is the potential upside of 153 (both yours a Mr Kaboom.. haha).

Why wouldn't you close your trade to get in higher, than have to hold the DD?

I closed my short from friday at 148.15 on the basis that price will return to 149+ before starting downwards, particularly 150.3.

Anyway great charts and insight..
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Quoting direct-trade
As can be seen from my chart entries in previous posts, Trades currently: G/U at +200, so 1st G/J DD offset a little. G/J Short 14885 currently +50.
I am not waiting for a higher price, because there won't be a higher price

Good luck with your trades
Ah i wish I had your confidence
Quoting direct-trade
As can be seen from my chart entries in previous posts, Trades currently: G/U at +200, so 1st G/J DD offset a little. G/J Short 14885 currently +50.
I am not waiting for a higher price, because there won't be a higher price

Good luck with your trades
I read somewhere that the trader who says "WILL go" about the price is bad trader because anything can happen, especially in forex.

anyway, am short for the third time, hope it will finally retrace.

Good luck to you !
Quoting 01donatas
I read somewhere that the trader who says "WILL go" about the price is bad trader because anything can happen, especially in forex.

anyway, am short for the third time, hope it will finally retrace.

Good luck to you !
I think you just need to be prepared for anything, follow your plan to a T.

Everyone is right and wrong at different times. I'm holding my thought to get in higher to go short, and will buy the next dip (maybe) between the 50 and 62 ema on the 15TF.

I note on the 4 hr the 35 EMA crossed over the 50 and the 62, this tells me we have a little room to go up, without getting into how I trade.

Just my opinion..

cheers
Quoting 01donatas
I read somewhere that the trader who says "WILL go" about the price is bad trader because anything can happen, especially in forex.

anyway, am short for the third time, hope it will finally retrace.

Good luck to you !
Some traders determine where price WILL go, and profit. Some traders determine where price WILL NOT go, and profit. Its the same roundabout.

Good luck with your trades
The winners take money from the losers, the losers are forced to lose by predictably entering at certain areas...

Once this is understood, it becomes second nature to take money from the losers because they always behave in the same manner.

Longs will hold until shaken out, so we will shake them out.
hai, i always think about thats.. but IF all trader make profit, who will pay the profit?
Quoting rgitt05
For almost six weeks I have been pointing out the " Complex H & S formation" on the weekly chart

http://www.forexfactory.com/showpost...stcount=206494

Here is my weekly and monthly charts I posted for months.

It is great you have the same wishful setup..

how about 149.50-151.50 before kabommmmmm

as i believe weekly seem told me to 155.70-156 to complete my 38.2%
The higher PB the better...

Look at the monthly chart (BEARISH)
Weekly ( BEARISH)

Look all KABOOMISH...



Quoting grashid
how about 149.50-151.50 before kabommmmmm
[
Quoting rgitt05
The higher PB the better...

Look at the monthly chart (BEARISH)
Weekly ( BEARISH)

Look all KABOOMISH...

Hi Scrat,

I like your in depth approach looking back on the higher TF's with the market volume indicator.



Quoting Scrat
let's look at this (extreme ) chart showing pvp areas for the last 3 years.
149 comes up as the most intense traded area for the current year. think about that when you are planing ahead - if there is a break to the upside, then up we go. and i mean, UP.
[
this is a post for someone i was chatting to earlier , not gj but you heard it here 1st sell ej 134,33 to 136.30 on weekly for move to 115 and lower

This is not a one week trade target may take 4 to 6 months

Attached Image (click to enlarge)
Click to Enlarge Name: chart1347.png Size: 179 KB
Blogging daily now at www.volume.zone
i took a short. Its looking real toppy now.

short @148.08
stop 40 pips.

lets see.
double top on the pound at 1.65
usd/jpy has been edging down.
Quoting sed34
i took a short. Its looking real toppy now.

short @148.08
stop 40 pips.

lets see.
Haha, I did the opposite.. long 148.02.. looking for a scalp here.. same 40pip SL.
Quoting Scrat
let's look at this (extreme ) chart showing pvp areas for the last 3 years.
149 comes up as the most intense traded area for the current year. think about that when you are planing ahead - if there is a break to the upside, then up we go. and i mean, UP.
Hi scrat, I was not going to post one possible view I have for G/J 2010 but since you post this bullish thought I will show some possible agreement:

So far on my daily charts there has been no close below the 1/8 daily MML level at 140.625. This line is a buy with bullish target 187.5!

Obviously it won't be such a straight line as the one I show below, but it is possible to go up, especially with no daily close below the level. I am not trading this concept, but did notice it this morning and found the idea very interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2.png Size: 38 KB
Quoting Cdawg
Haha, I did the opposite.. long 148.02.. looking for a scalp here.. same 40pip SL.
40 pip stop is a lot for scalping. how much are you trying to get?
Quoting Cdawg
Haha, I did the opposite.. long 148.02.. looking for a scalp here.. same 40pip SL.
I see your idea but I wouldn't allow 40pips against me on that scalp. You dont need such a large sl on it, you might want to revisit your RR on your trade.
Cheers!
Quoting sed34
40 pip stop is a lot for scalping. how much are you trying to get?
40 pip is my default SL, in case something goes wrong. I'm looking to for 148.50 to 148.70 but am not liking the PA atm so might close it early.

I guess thats not a "scalp trade".. just meaning I'm not looking for 100s of pips
Quoting Cdawg
40 pip is my default SL, in case something goes wrong. I'm looking to for 148.50 to 148.70 but am not liking the PA atm so might close it early.

I guess thats not a "scalp trade".. just meaning I'm not looking for 100s of pips
ok. that makes sense.
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