Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 10893 | 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)

  • #217,841
  • Mar 9, 2010 5:29pm Mar 9, 2010 5:29pm
not sure
Attached Image
  • #217,842
  • Mar 9, 2010 5:34pm Mar 9, 2010 5:34pm
question where did you lean how to use the gap volume indicator?
thanks Dean


Quoting naatha
not sure
  • #217,843
  • Edited 7:31pm Mar 9, 2010 5:49pm | Edited 7:31pm
Lol, - as a chart lighting.
look for VSA-thread, or ask malcolmb14.

gj15m
Attached Image
  • #217,844
  • Mar 9, 2010 6:05pm Mar 9, 2010 6:05pm



Quoting naatha
Lol, - as a chart lighting.
look for VSA-thread, or ask malcolmb14.
  • #217,845
  • Mar 9, 2010 7:07pm Mar 9, 2010 7:07pm
Engulfing candle 1h TF, it doesn't look good yet to going long, price below DPP, 135 was rejected, bearish mode is on yet [At least in Asia]:

Attached Image (click to enlarge)
Click to Enlarge Name: geppy1h.gif Size: 21 KB


First target @134
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #217,846
  • Mar 9, 2010 7:37pm Mar 9, 2010 7:37pm
Quoting JhonMonsalve
Engulfing candle 1h TF, it doesn't look good yet to going long, price below DPP, 135 was rejected, bearish mode is on yet [At least in Asia]:

Attachment

First target @134
Agree. 135 holding for the moment. The up move from NY session didn't feel very strong to me, more like a minor correction from yesterday's drop.

Looking for touch or potential break of the channel ltl. 134 area.

If we get below this, then it could gain traction for a deeper fall.

With the descending weekly TL and the bullish channel ltl holding, we may just drive into the wedge without any significant news to rattle PA.
Attached Image (click to enlarge)
Click to Enlarge Name: gy8.gif Size: 34 KB
  • #217,847
  • Mar 9, 2010 7:43pm Mar 9, 2010 7:43pm
Seen this article in financial times couple of days back about possible Yen depreciation ( and I know articles like this should distort our judgement ....so on) but this one actually made some sence. Basically as you all too aware, interest rates in US almost 0 as is Japans but very recently refinincing rate for US rose tiny margin above JPY (since market expects USA to raise interest rates quicker) in so many months ( i think it was 6 or 9) so perhaps this shift in rates, albeit very marginal, could make JPY carry more attractive again and so lead to jpy depreciation.

Also in the same article the guy points out that bank of Japan is increased their margin of reserves available for intervention....perhaps its nothing or perhaps they gearing towards assault on strong yen


Also ,as some people have mentioned, Japan is less competetive at given exchange rates, so in theory demand for their goods should fall.....fall in demand for japanese goods would in turn lead to people needing less JPY to finance those goods which could lead to JPY depreciation..
  • #217,848
  • Mar 9, 2010 7:50pm Mar 9, 2010 7:50pm
Purely technical.

Inserted Video
  • #217,849
  • Mar 9, 2010 7:55pm Mar 9, 2010 7:55pm
Quoting Fudomyo
Agree. 135 holding for the moment. The up move from NY session didn't feel very strong to me, more like a minor correction from yesterday's drop.

Looking for touch or potential break of the channel ltl. 134 area.

If we get below this, then it could gain traction for a deeper fall.

With the descending weekly TL and the bullish channel ltl holding, we may just drive into the wedge without any significant news to rattle PA.
Nice bear flag forming in 1h tf, on 4h tf is forming a pattern called falling 3 methods, let's see how it closes this candle.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #217,850
  • Mar 9, 2010 7:56pm Mar 9, 2010 7:56pm
Pound still falling as more GBP/JPY selling emerges - Written by Sean Lee - March 10, 2010 at 01:09 GMT
The thing is that in Asia, GBP100 million can be enough to move the market whereas in the London market it would hardly cause a ripple. Some renewed selling of GBP/JPY by Japanese accounts has driven the pair 50 pips lower in the last hour and this might be happening on quite low volume. Cable support, in the form of more Sovereign bids, starts at 1.4930 down through 1.4875. Most people I’ve spoken with want to be short sterling against something heading into the election period but they don’t want to sell at these levels as they consider the pound to be oversold at present.
  • #217,851
  • Mar 9, 2010 8:15pm Mar 9, 2010 8:15pm
To me the Asian session is always the strange one, things happen there where they would not happen else where as the article points out. I do not even consider it real trading because nothing ever seems to go as it should. I think it's good for one thing and that is scalping IMO 6 more hours and then London will sort all this out in a quick manner.


Quoting Beljevina
Pound still falling as more GBP/JPY selling emerges - Written by Sean Lee - March 10, 2010 at 01:09 GMT
The thing is that in Asia, GBP100 million can be enough to move the market whereas in the London market it would hardly cause a ripple. Some renewed selling of GBP/JPY by Japanese accounts has driven the pair 50 pips lower in the last hour and this might be happening on quite low volume. Cable support, in the form of more Sovereign bids, starts at 1.4930 down through 1.4875. Most people I’ve spoken with want to be short sterling against...
  • #217,852
  • Mar 9, 2010 8:41pm Mar 9, 2010 8:41pm
You guys make me laugh. We're going up and it'll start back that way soon. If anything, the beast is giving a chance for shorts to cover and longs to add more (as I'm doing). So many of you seem to be hoping that it goes down... hope is a dangerous game
check out my blog: forexmademillionaire dot com
  • #217,853
  • Mar 9, 2010 8:51pm Mar 9, 2010 8:51pm
It will get there sooner than later!!

Trade your charts..


Attached Image (click to enlarge)
Click to Enlarge Name: chart#1.gif Size: 27 KB
[
  • #217,854
  • Mar 9, 2010 8:55pm Mar 9, 2010 8:55pm
Quoting rgitt05
It will get there sooner than later!!

Trade your charts..




I think so Rob!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #217,855
  • Mar 9, 2010 8:57pm Mar 9, 2010 8:57pm
Selling all rallies


Quoting JhonMonsalve


I think so Rob!
[
  • #217,856
  • Mar 9, 2010 9:00pm Mar 9, 2010 9:00pm
Quoting rgitt05
Selling all rallies
I see what you're doing, that's the way to go, weekly and monthly have more room to go down
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #217,857
  • Mar 9, 2010 9:05pm Mar 9, 2010 9:05pm
Kaboom!!



Quoting JhonMonsalve
I see what you're doing, that's the way to go, weekly and monthly have more room to go down
Attached Image (click to enlarge)
Click to Enlarge Name: chart#2.gif Size: 26 KB
[
  • #217,858
  • Mar 9, 2010 9:16pm Mar 9, 2010 9:16pm
Quoting rgitt05
Kaboom!!

Most of the traders are waiting for a pullback until 139 - 141 area before bearish continuation, it looks like isn't going to happen this time, we have a 500 FL retrace @137 done [143 - 132 move], a close below 132 opens 128 door, let's see what happens.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #217,859
  • Mar 9, 2010 9:21pm Mar 9, 2010 9:21pm
Quoting Geppy
You guys make me laugh. We're going up and it'll start back that way soon. If anything, the beast is giving a chance for shorts to cover and longs to add more (as I'm doing). So many of you seem to be hoping that it goes down... hope is a dangerous game
I know what you mean. Hoping that it goes up is a dangerous game as well
  • #217,860
  • Mar 9, 2010 9:29pm Mar 9, 2010 9:29pm
anybody else see the strange divergence kiwi is showing?

AU, EU, GU, steady or falling slightly
RBNZ Gov Bollard: "I will not raise rates unless the recovery is self-sustaining"
Analysts cut NZ GDP growth for next 18 months.

NU: Up we go!!!!!! Weeeeeeeeeeeeeeeeeeeeeee
67 traders viewing now