Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 10869 | 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)

  • #217,361
  • Mar 3, 2010 2:45pm Mar 3, 2010 2:45pm
Quoting Scrat
you gotta wake up and look at the charts - the break to the upside has already happened and they are now testing support; if everything is in place and support is holding, then expect a rally to 135.50.

im sure you need to wake up .you surely dont no your ress levels very well ...

wheres the break? to the upside ,,you gotta be kidding ..134 is the fisrt res to break before we can say 135 /136/137 etc
  • #217,362
  • Mar 3, 2010 3:02pm Mar 3, 2010 3:02pm
Quoting Scrat
why not even better... mortgage your car and/or your other properties and then go long with 10 times equity.

can you pls tell me your res levels ? the break you talked about ?
  • #217,363
  • Mar 3, 2010 3:05pm Mar 3, 2010 3:05pm
alright, here is the chart.

for this week we seem to have a support in place @ 133.15 area = observe the peak of the histogram.

i circled the area where we had the break, it's at 133.65 (a more aggressive trader would have found another break @ 133.05 but the risk down there would have been too high imo).
so from now on, AS LONG AS 133.15 HOLDS, then we should see another rally to at least 134.80/135.50.

Quoting zweig
im sure you need to wake up .you surely dont no your ress levels very well ...

wheres the break? to the upside ,,you gotta be kidding ..134 is the fisrt res to break before we can say 135 /136/137 etc
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_wkpvp_break.gif Size: 22 KB
Nihil Sine Deo.
  • #217,364
  • Mar 3, 2010 3:20pm Mar 3, 2010 3:20pm
Quoting Scrat
alright, here is the chart.

for this week we seem to have a support in place @ 133.15 area = observe the peak of the histogram.

i circled the area where we had the break, it's at 133.65 (a more aggressive trader would have found another break @ 133.05 but the risk down there would have been too high imo).
so from now on, AS LONG AS 133.15 HOLDS, then we should see another rally to at least 134.80/135.50.

ok ive seen what you mean..but if you go back what i did say is ..that we will not see 139 fisrt before 130 ..thats all ,i did not say we will not see 134/135 ,even higer

i can only see a retrace back up to 135.30/50 before the freefall to 130 maybe ,, where THE SUPP IS real strong and we will see 500 pip plus bounce

the last 3 daily candles dont agree its a reverse to 139 and higher,and dont even talked about the 4 hour candles the last 3 days..and thats why i say we will see a low lower than 132


gbp/usd is on its way to 1.5423 ,before we see another bounce back down ...but NFP is friday, .. so gbp still 300 pips to go to the upside ,and jpy got only 140 pips left to the downside ... its a mess actually
  • #217,365
  • Mar 3, 2010 3:28pm Mar 3, 2010 3:28pm
well, i don't know where it would go, i am only trading the levels i see on my charts.
it is a mess indeed, but hey, we had very important movements until now, so let's be cautious during this correction.

Quoting zweig
ok ive seen what you mean..but if you go back what i did say is ..that we will not see 139 fisrt before 130 ..thats all ,i did not say we will not see 134/135 ,even higer

i can only see a retrace back up to 135.30/50 before the freefall to 130 maybe ,, where THE SUPP IS real strong and we will see 500 pip plus bounce

the last 3 daily candles dont agree its a reverse to 139 and higher,and dont even talked about the 4 hour candles the last 3 days..and thats why i say we will see a low lower than 132


gbp/usd is on its way to 1.5423...
Nihil Sine Deo.
  • #217,366
  • Mar 3, 2010 3:35pm Mar 3, 2010 3:35pm
Quoting Scrat
well, i don't know where it would go, i am only trading the levels i see on my charts.
it is a mess indeed, but hey, we had very important movements until now, so let's be cautious during this correction.
yeah me either.. look at other jpy crosses... they all set themself up for a drop by tommorw ..except eur/jpy ,,eur/jpy got the least space to go lower ,,he is the scariest of all at the moment..cad/jpy//aud/jpy and nzd/jpy are all right for a drop ..im sure gbp/jpy will follow ... dont know,,but to buy now , is a NO-GO !
  • #217,367
  • Mar 3, 2010 3:37pm Mar 3, 2010 3:37pm
perfect eveneing star on daily AUD/JPY !
tweezers/doji's on daily cad/jpy !
  • #217,368
  • Mar 3, 2010 3:37pm Mar 3, 2010 3:37pm
134-132.5 above or below this range is a buy/sell, downside seems a bit more likely
  • #217,369
  • Mar 3, 2010 4:00pm Mar 3, 2010 4:00pm
there is huge amount of risk tomorrow with halifax then rate statement/QE, then same for euro, then US unemployment, then US home sales. and to top it off nfp the next day.

so it could do anything tomorrow. could tank on bad news/comments. could go flying up as part of a retrace or some sort of good euro news. could whip up and down while waiting for nfp.
  • #217,370
  • Mar 3, 2010 4:11pm Mar 3, 2010 4:11pm
i dont know why,,but in my trading career ,the news never ever affect me ,nor do i worry about any news... even at 9/11 i was long USD and nothing happen ,made my pips ,that day ,stopeed at supp and went on...

the catch of suddam husain on a saturday or sunday,cant remmeber,,i was short eur and was up 150 pips ,something like that,and sunday gap was 200 pips...but it went back to the closing price on friday...

no news bothers me...except NFP ,is a scary one,,
  • #217,371
  • Edited 4:55pm Mar 3, 2010 4:37pm | Edited 4:55pm
OK, something is bothering me with this PA and I need to canvas some opinions....

The fall from 141 - 132 has been pretty substantial and quite unique in that no retracement has even looked close to happening yet. Now I know prevailing wisdom would suggest we retrace back above 137, possibly to 139-140. My biggest fear with this thinking is it's no secret and there is absolutely no element of surprise in a move like this. We break above 134.5 and we see 139, yes? Not for me, it's too obvious and the volumes have been lower this past 2 days suggesting big dog involvement is reduced.

Any sustained move has to be supported by volume and I simply do not see big buying in the Yen pairs right now.

If we are to see 139 from here, then the moves will not be smooth or expected with numerous shake-outs and false moves. But, I would now favour a move lower once some news supports more selling.

We all think it has to retrace. That means it probably won't.
  • #217,372
  • Mar 3, 2010 4:49pm Mar 3, 2010 4:49pm
Quoting zweig
i dont know why,,but in my trading career ,the news never ever affect me ,nor do i worry about any news... even at 9/11 i was long USD and nothing happen ,made my pips ,that day ,stopeed at supp and went on...

the catch of suddam husain on a saturday or sunday,cant remmeber,,i was short eur and was up 150 pips ,something like that,and sunday gap was 200 pips...but it went back to the closing price on friday...

no news bothers me...except NFP ,is a scary one,,
You must have a BIG Account & are very lucky because when the finance minister died of a sickness a few years back the pound dropped like a stone 500 pips & it did the same when zarkawi was killed. listen maybe we can sustain the "REGULAR NEWS" but we cant sustain 1000 pip moves that come without warning like a thief in the night, lets start talking with our brains instead of flapping our gums like the politicians we are better then them.
  • #217,373
  • Mar 3, 2010 5:00pm Mar 3, 2010 5:00pm
Quoting ukdaytrader
OK, something is bothering me with this PA and I need to canvas some opinions....

The fall from 141 - 132 has been pretty substantial and quite unique in that no retracement has even looked close to happening yet. Now I know prevailing wisdom would suggest we retrace back above 137, possibly to 139-140. My biggest fear with this thinking is it's no secret and there is absolutely no element of surprise in a move like this. We break above 134.5 and we see 139, yes? Not for me, it's too obvious and the volumes have been lower this past 2 days suggesting...
why bother about this one..you trade alweays the Aj ,and its seem obv for a drop ,evening star ondaily on that one
  • #217,374
  • Mar 3, 2010 5:01pm Mar 3, 2010 5:01pm
Quoting Allseeingeye
You must have a BIG Account & are very lucky because when the finance minister died of a sickness a few years back the pound dropped like a stone 500 pips & it did the same when zarkawi was killed. listen maybe we can sustain the "REGULAR NEWS" but we cant sustain 1000 pip moves that come without warning like a thief in the night, lets start talking with our brains instead of flapping our gums like the politicians we are better then them.
why did nothing happen on 9/11 ? a terrorst attack ? it was like 50 pip spike .lol
  • #217,375
  • Mar 3, 2010 5:04pm Mar 3, 2010 5:04pm
Sorry for late reply. we reached the previous res. zone...didn't break it though...what are your thoughts...?

Quoting Myrza
Fusion..you there? This could be it for AU$ ..watching the hourly close
  • #217,376
  • Mar 3, 2010 5:19pm Mar 3, 2010 5:19pm
Quoting zweig
why did nothing happen on 9/11 ? a terrorst attack ? it was like 50 pip spike .lol
Zweig! check this:

http://www.forexfactory.com/showpost...ostcount=10226

Let me know what you think.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #217,377
  • Mar 3, 2010 5:35pm Mar 3, 2010 5:35pm
Quoting zweig
why did nothing happen on 9/11 ? a terrorst attack ? it was like 50 pip spike .lol
because trading was halted so people wouldnt be WIPED OUT it was an act of the government to HALT ALL TRADING Big diffrance. We were bombed by our gov but at least they had the heart to not steal our money till a later date, they made plenty they figured on the towers & the puts on the airline companies.
  • #217,378
  • Mar 3, 2010 6:45pm Mar 3, 2010 6:45pm
Quoting ukdaytrader
OK, something is bothering me with this PA and I need to canvas some opinions....

The fall from 141 - 132 has been pretty substantial and quite unique in that no retracement has even looked close to happening yet. Now I know prevailing wisdom would suggest we retrace back above 137, possibly to 139-140. My biggest fear with this thinking is it's no secret and there is absolutely no element of surprise in a move like this. We break above 134.5 and we see 139, yes? Not for me, it's too obvious and the volumes have been lower this past 2 days suggesting...
Valid points and I don't think most expect a beeline or easily recognizable retrace to 135/139, but 135/137/139 has a strong likelihood of happening. I'll submit that your thinking based on 'everyone expecting it' is a valid concern, but at the end of the day, it's a 1 in 2 chance of going either to 129/125 or 136/139. Are you sure you're not in analysis-paralysis mode? I (justifiably) recall you feeling that when 'everyone and their dog' was short GJ (around 139?), yet GJ pretty much went straight down 250 pips. Thankfully I rode that one down, albeit with too small a lot; thinking back to EURUSD's demise from 1.51 to 1.36, I missed most of it, partially because I don't trade it, but mostly because when it fell 700 pips with nary a retrace, who'd thought it could do that much & more? (Too bad I can't learn more/better from hindsight.) On (lack of) volume: GY's demonstrated substantial rises on little volume & liquidity - my biggest low-volume regret was missing 400+ pips upward drifting over the X-Mas holidays.

Last time GBP was severly challenged (Oct/Nov/08 - see my previous posts), it was actually after EURUSD tanked 2000+ pips that sterling really starting accelerated tanking - that may be the case here. (EU/continent lag factor?) Also, once the 139 zone downward was pierced, there were pretty much 23 trading days (1+ month) of it getting to 129.8, before a 800 pip bounce. Factor in fundamentals, which arguably back then, weren't nearly as bad as they are today for the UK. Hell, compared to the aura of negativity back then (I wasn't trading then, darn), this round I would not be surprised to see us head straight to 118, given the markedly dire & factually far worse state of the UK; if EUR dove 1700 pips, what's sterling to do?); pile in media focus away from Greece to Spain & UK, and perhaps the 'plus' of having your own currency, might be seen as a reason to get to 118, the faster the better! And, factor in the no longer head-in-the-sand holy grail approach to Japan as a default saving grace economy/society, and FX trading & certainly the beast has never been tougher IMHO. Summarizing my ramblings: Who knows where it's going next - I'm trying to catch the moves based on the PA; when I'm fairly confident, I bet a bit more, and hopefully catch 60-80 pips of a 100-160 pip move. I'd predicted 139, but it may only be 136, before tankage to much lower lows such as 126/118, and eventually (an overreaction? 2Q10/3Q10?) to 90 would not surprise me - I just want to be 'there' for it.
  • #217,379
  • Mar 3, 2010 6:46pm Mar 3, 2010 6:46pm
if any of our fellow traders are "DOWN & OUT" feel like there is no hope take a look at this video & "TRUST ME YOU WILL FEEL ALOT BETTER. Live Life & lets be thankfull for what we have.
Inserted Video
  • #217,380
  • Mar 3, 2010 8:27pm Mar 3, 2010 8:27pm
Quoting Fusion
Sorry for late reply. we reached the previous res. zone...didn't break it though...what are your thoughts...?
Price rejects mm+2/8 over shoot. Place my short last night with sl few pips above previous high. My target is .8940..GL
33 traders viewing now