Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 10885 | 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)

  • #217,681
  • Mar 8, 2010 9:32am Mar 8, 2010 9:32am
Quoting Fudomyo
out here. enough fun for one day.

ewokuk, I hope we get close to BE or an area you feel is ok to take an acceptable loss. sometimes is better.

not sure how low we'll drop...


anyway, best of luck.
ive ditched them all. need a good week to recover the losses now. something which i havent had since christmas.
  • #217,682
  • Mar 8, 2010 9:39am Mar 8, 2010 9:39am
I figured it would look better on an hourly chart
Attached Image (click to enlarge)
Click to Enlarge Name: upfromhere2.gif Size: 23 KB
  • #217,683
  • Mar 8, 2010 10:00am Mar 8, 2010 10:00am
Quoting OrionsWay
Did anyone buy the longs???

i got more at 56
I am also long from 136.03 , shorts closed there too.But thinking to tp 136.55 as it is one key level & may not bull much today.previous buy cd aborted but new buy setup perfection developed & so for cd it may not go up too , hever up & down at this low areas.( perhaps below 136.55 ? ) . all levels for short X worked fine .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,684
  • Mar 8, 2010 10:01am Mar 8, 2010 10:01am
EY n GY small short is not bad...n perhaps i can get my swng for GU n EU today
  • #217,685
  • Mar 8, 2010 10:09am Mar 8, 2010 10:09am
Quoting OrionsWay
Did anyone buy the longs???

i got more at 56
..if scalp should be fine i think..if swing i could start from 0.9500..as am looking for another low ~1.00600-0.98900-0.94600..

anyway i could be wrong

http://www.forexfactory.com/showpost...stcount=217340
  • #217,686
  • Mar 8, 2010 10:14am Mar 8, 2010 10:14am
Well hope your correct. I use my ea mostly to trade the EJ. It makes around 1k a day. However for some reason I became over concerned about the EJ dumping on me and I had all buy trades in and the TP for all of them was 123.29 and at that time we were at 122.89. So I did what I was not suppose to do I went in and put a hedge trade so now the buys all closed out for profit and i need to managed my other sell trades which all have a TP of 122.84.
Dean




quote=grashid;3531834]EY n GY small short is not bad...n perhaps i can get my swng for GU n EU today [/quote]
  • #217,687
  • Mar 8, 2010 10:26am Mar 8, 2010 10:26am
sorry to hear that. but you did the right thing.
now stand by and watch for the trend to turn towards medium term direction again, it should give about 4-500 pips profit.
for now, if we break 136.76 this means things turned around and another rally is coming; on the downside, the dip should be contained @ 134.30, as long as this stays in place i will be looking for longs.

Quoting ewokuk
ive ditched them all. need a good week to recover the losses now. something which i havent had since christmas.
Nihil Sine Deo.
  • #217,688
  • Mar 8, 2010 10:32am Mar 8, 2010 10:32am
[quote=dean walker;3531879]Well hope your correct. I use my ea mostly to trade the EJ. It makes around 1k a day. However for some reason I became over concerned about the EJ dumping on me and I had all buy trades in and the TP for all of them was 123.29 and at that time we were at 122.89. So I did what I was not suppose to do I went in and put a hedge trade so now the buys all closed out for profit and i need to managed my other sell trades which all have a TP of 122.84.
Dean

i was one a few hr ago for this small short mate ..already mentioned in my blog...n swing short setting on EY is not yet on till i saw 125 area and 138 for GY...

hope this both GU n EU setting will give some good news to me tomorow..and already lock it fo safety reason..hehe

cheers

g
  • #217,689
  • Mar 8, 2010 10:36am Mar 8, 2010 10:36am
Here is my SL update @ 136.60 ~ 136.70
major reverse levels for bullish as in the picture
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h.jpg Size: 79 KB
  • #217,690
  • Mar 8, 2010 10:46am Mar 8, 2010 10:46am
Well id she drops another 30 pis or so it will hit all the TPs and I am out of it..
thanks
Dean



[quote=grashid;3531922]
Quoting dean walker
Well hope your correct. I use my ea mostly to trade the EJ. It makes around 1k a day. However for some reason I became over concerned about the EJ dumping on me and I had all buy trades in and the TP for all of them was 123.29 and at that time we were at 122.89. So I did what I was not suppose to do I went in and put a hedge trade so now the buys all closed out for profit and i need to managed my other sell trades which all have a TP of 122.84.
Dean

i was one a few hr ago for this small short mate ..already mentioned...
  • #217,691
  • Mar 8, 2010 10:51am Mar 8, 2010 10:51am
If G/U is heading to 1.40 in next weeks, i really want to short it at a good price to capture atleast 1000 pips.
  • #217,692
  • Mar 8, 2010 11:47am Mar 8, 2010 11:47am
Quoting kingfisher
If G/U is heading to 1.40 in next weeks, i really want to short it at a good price to capture atleast 1000 pips.
Not sure you're going to get that 1.40 you're looking for. . . Maybe a slight pull back dipping back below 1.49/1.4850 but can't see too much lower than that. . .

I would consider buying dips on GU instead of shorts. . . As I see 1.53/1.55 next immediate price point. . .

And we shall see 1.53 by end of Q1, 1.60 by end of Q2 and 1.63 by end of Q3. . .

Have u noticed that pin bar on the weekly chart = reversal!
  • #217,693
  • Mar 8, 2010 12:15pm Mar 8, 2010 12:15pm
Hello Kingfisher

here is my most major levels for GU on the daily chart , now its look like a flag so I expect a fall from the fibo 50% of the last bearish wave..

Quoting kingfisher
If G/U is heading to 1.40 in next weeks, i really want to short it at a good price to capture atleast 1000 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GUdaily.jpg Size: 106 KB
  • #217,694
  • Mar 8, 2010 12:33pm Mar 8, 2010 12:33pm
hmmmmmmmmmm - very interesting. . .

Looking at this weekly chart I see a couple things on this chart worth discussing. . .

1) That big pin bar on the weekly chart that carries significant weight over a daily chart. . .

2) I see 3 clear waves from the swing high to the swing low, in fact if you were to draw a FE Fib we hit FE 1.618 to the pip which would suggest correction to the whole up move. . .

3) Not sure why people on this thread are thinking that the 61.8 support will be taken so easily when it took 15 weeks to get above it. . . (1.4850) area. . .

so. . . what will we say when price is above the next fib level. . .???

Food for thought!

While "big boys" are accumlating at these level and below many are looking still to short it. . . then when they are ready to spike it 500 pips locking low level shorts in I wonder how many will still be talking shorts. . .
Attached Image (click to enlarge)
Click to Enlarge Name: weekly gu chart.gif Size: 20 KB
  • #217,695
  • Mar 8, 2010 1:07pm Mar 8, 2010 1:07pm
Here's how it looks to me right now. Until we break the last high, I won't consider a long bias. Saying that, I am accumulating very small GY longs as price has fallen.

BUT, these 2 4hr charts tell me the probability of more downside outweighs upside right now.

Chart 1
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr 1.gif Size: 22 KB


Chart 2
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr 2.gif Size: 18 KB


The trip north won't be straightforward IMO and low volumes last week do not make me believe there was 'major' accumulation.

There was though increased buying volume keeping price above the DPP, but this hasn't moved the price an awful lot. Let's see, keeping flexible.
  • #217,696
  • Mar 8, 2010 1:17pm Mar 8, 2010 1:17pm
Hello Mate,

you dont have fibo 50 level in your levels but if you add it you will find the on the daily wave we facing fibo 50% at same weekly wave fibo 50% also!, well no confirmation for bullish or advice I just explain to King fisher who was looking to pick a good bearish trend.

you expect GBP strength ?, I read in news yesterday that growing ratio of economy in UK expected to be 1% only when it was mostly 2% so in long term i think the Qs quarts will be bullish for GBP/XXX...

Quoting quecee5
hmmmmmmmmmm - very interesting. . .

Looking at this weekly chart I see a couple things on this chart worth discussing. . .

1) That big pin bar on the weekly chart that carries significant weight over a daily chart. . .

2) I see 3 clear waves from the swing high to the swing low, in fact if you were to draw a FE Fib we hit FE 1.618 to the pip which would suggest correction to the whole up move. . .

3) Not sure why people on this thread are thinking that the 61.8 support will be taken so easily when it took 15 weeks to get above it....
  • #217,697
  • Mar 8, 2010 1:45pm Mar 8, 2010 1:45pm
Quoting maanawi
Hello Mate,

you dont have fibo 50 level in your levels but if you add it you will find the on the daily wave we facing fibo 50% at same weekly wave fibo 50% also!, well no confirmation for bullish or advice I just explain to King fisher who was looking to pick a good bearish trend.

you expect GBP strength ?, I read in news yesterday that growing ratio of economy in UK expected to be 1% only when it was mostly 2% so in long term i think the Qs quarts will be bullish for GBP/XXX...
The question one must ask themselves is how long can this dollar strength continue before we see a pullback and when it does which pairs will be gainers?

Well. . . both EU and GU are at their extremes and have bounced off their lows thus far. . . I would suspect we would see some level of consolidation before it continues to head south. . .
  • #217,698
  • Mar 8, 2010 1:54pm Mar 8, 2010 1:54pm
Quoting maanawi
Hello Mate,

you dont have fibo 50 level in your levels but if you add it you will find the on the daily wave we facing fibo 50% at same weekly wave fibo 50% also!, well no confirmation for bullish or advice I just explain to King fisher who was looking to pick a good bearish trend.

you expect GBP strength ?, I read in news yesterday that growing ratio of economy in UK expected to be 1% only when it was mostly 2% so in long term i think the Qs quarts will be bullish for GBP/XXX...
Here is what I expect this week on GU while u are waiting on your crystal ball. . .
U see that pin bar on the weekly chart draw a fib from the hi to the low of that candle. . .
I expect a 61.8-78.6 retrace of that pin then we will spike up from there to my 1st target 1.550 area. . . with a pitstop at 1.5340 area. . .

Lets see how it plays this week in to the next. . .

Stay-tuned!
  • #217,699
  • Mar 8, 2010 1:55pm Mar 8, 2010 1:55pm
This is my trade setup. Went long @ 136.00
My stop loss is tight @ 135.56

As per my previous posts, I think the sterling is going on an upside ride against all currencies, especially the yen.
Attached Image (click to enlarge)
Click to Enlarge Name: upfromhere3.gif Size: 26 KB
  • #217,700
  • Mar 8, 2010 2:12pm Mar 8, 2010 2:12pm
Quoting quecee5
Here is what I expect this week on GU while u are waiting on your crystal ball. . .
U see that pin bar on the weekly chart draw a fib from the hi to the low of that candle. . .
I expect a 61.8-78.6 retrace of that pin then we will spike up from there to my 1st target 1.550 area. . . with a pitstop at 1.5340 area. . .

Lets see how it plays this week in to the next. . .

Stay-tuned!
hehe, i'm tuned alright!
20 traders viewing now