Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 10945 | 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)

  • #218,881
  • Mar 19, 2010 11:24am Mar 19, 2010 11:24am
Quoting Scrat
thanks... you make me blush...
will do it after close of trading day.
from what i see now, there is no bottom in sight. even if it bounces from here, it should stop somewhere in the high 136 and then dip again.
still short with the rest of the positions.
Nice work, I should have held mine longer... if I'd been in front of it while it played out I probably would have readjusted my target. But for commuting to work, I'll take 95 pips any day
check out my blog: forexmademillionaire dot com
  • #218,882
  • Mar 19, 2010 11:24am Mar 19, 2010 11:24am
Quoting Scrat
thanks... you make me blush...
will do it after close of trading day.
from what i see now, there is no bottom in sight. even if it bounces from here, it should stop somewhere in the high 136 and then dip again.
still short with the rest of the positions.
ya the bottom nothing to see...is a signal bounce soon
  • #218,883
  • Mar 19, 2010 11:26am Mar 19, 2010 11:26am
Quoting Geppy
Title says it all... just phoned my broker's trade desk and started to build my long position. Order filled at market @ 135.726

Stop loss is at 134.90 and I'm targeting 139.00 minimum next week.

Trendline broken? Depends who you ask, but I think a break of 135.00 would be indisputable (hence my SL level).
What did he tell you ?
COT: The precious data ignored
  • #218,884
  • Mar 19, 2010 11:26am Mar 19, 2010 11:26am
and Scrat, I see your view about going lower after a bounce. But for me, I see a bounce to maybe 137.00 area and another dip but NOT a new low. A dip I think would bring us to the low 136 zone. Of course, I feel the dip would play out early next week.

I plan to play it by holding the longs I just put on (I feel like a crack addict by the way, calling the order in like that) and then adding on the dip to build a solid initial position.

Just my view and plan though, doesn't mean I'm right.
check out my blog: forexmademillionaire dot com
  • #218,885
  • Mar 19, 2010 11:29am Mar 19, 2010 11:29am
you might be right, in fact this is my medium term view as well BUT i haven't seen any confirmation yet.

volumes say that we do not have a bottom yet, at least not until 137 area is taken. here is a chart. any rally that starts here should be treated as a retracement and sold UNTIL we have a confirmed bottom.

Quoting Geppy
Title says it all... just phoned my broker's trade desk and started to build my long position. Order filled at market @ 135.726

Stop loss is at 134.90 and I'm targeting 139.00 minimum next week.

Trendline broken? Depends who you ask, but I think a break of 135.00 would be indisputable (hence my SL level).
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_no_bottom.gif Size: 23 KB
Nihil Sine Deo.
  • #218,886
  • Mar 19, 2010 11:30am Mar 19, 2010 11:30am
Watch out for UJ dipping ... it barely moved while GY tanked, now that we think we have a bottom, UJ's descending ... go figure.
  • #218,887
  • Mar 19, 2010 11:31am Mar 19, 2010 11:31am
precisely! i have the same view. with just one comment: it doesn't matter if we get another new low... the moment price will go above my confirmation level, i will jump on it and ride it all the way up.

Quoting Geppy
and Scrat, I see your view about going lower after a bounce. But for me, I see a bounce to maybe 137.00 area and another dip but NOT a new low. A dip I think would bring us to the low 136 zone. Of course, I feel the dip would play out early next week.

I plan to play it by holding the longs I just put on (I feel like a crack addict by the way, calling the order in like that) and then adding on the dip to build a solid initial position.

Just my view and plan though, doesn't mean I'm right.
Nihil Sine Deo.
  • #218,888
  • Mar 19, 2010 11:33am Mar 19, 2010 11:33am
mm...another >300 pips drop...long set-up 135.72,136.20&136.60...Come baby...140.20....

gold...walla marvellous
  • #218,889
  • Mar 19, 2010 11:34am Mar 19, 2010 11:34am
Quoting Scrat
precisely! i have the same view. with just one comment: it doesn't matter if we get another new low... the moment price will go above my confirmation level, i will jump on it and ride it all the way up.
Yep, I hear ya. We seem to have very similar views all the time but trade differently. I think I tend to take a bit more risk and aggression than you. I don't think either way is better than the other, but what suits each trader's personality.
check out my blog: forexmademillionaire dot com
  • #218,890
  • Mar 19, 2010 11:39am Mar 19, 2010 11:39am
It's tough not having all my charts in front of me and jumping between ones with netdania, but looking at GBP/USD we're really at a significant level... the 1.50 handle. There is a struggle going on there and if it holds there would be a pretty nice double bottom on the 4H.

Just something to keep an eye on...
check out my blog: forexmademillionaire dot com
  • #218,891
  • Mar 19, 2010 11:48am Mar 19, 2010 11:48am
Quoting grashid
mm...another >300 pips drop...long set-up 135.72,136.20&136.60...Come baby...140.20....

gold...walla marvellous

Good good

I'll wait 135.45 to add longs...few pips below...then we'll be ready to ride up

What's your view on gold ? bull or bear after today ?
COT: The precious data ignored
  • #218,892
  • Mar 19, 2010 11:49am Mar 19, 2010 11:49am
I have a 50 Fib line @ 135.798 on my 4H chart. The last time it traded just under the 50% fib line and had a good bounce of a few hundred pips. Can we get a repeat?

I know i said I would be taking today off to watch NCAA March Madness but the games I want to see don't come until later.
  • #218,893
  • Mar 19, 2010 11:50am Mar 19, 2010 11:50am
Quoting Geppy
It's tough not having all my charts in front of me and jumping between ones with netdania, but looking at GBP/USD we're really at a significant level... the 1.50 handle. There is a struggle going on there and if it holds there would be a pretty nice double bottom on the 4H.

Just something to keep an eye on...
Look on daily chart is symmetry there...
Attached Image (click to enlarge)
Click to Enlarge Name: gudaily_190310.gif Size: 44 KB
  • #218,894
  • Mar 19, 2010 11:52am Mar 19, 2010 11:52am
shorted gj today when it broke out of the pennant, actually when it came to test the pennant support

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
  • #218,895
  • Mar 19, 2010 11:59am Mar 19, 2010 11:59am
Quoting special0nefx
Look on daily chart is symmetry there...
Ahhh, I see... interesting.
check out my blog: forexmademillionaire dot com
  • #218,896
  • Mar 19, 2010 12:01pm Mar 19, 2010 12:01pm
Quoting Geppy
Ahhh, I see... interesting.
so the next will up
  • #218,897
  • Mar 19, 2010 12:01pm Mar 19, 2010 12:01pm
hi Grashid...how are you....feeling better?? bro .....i am long in GBP from 1.5170....what should be my s/l? thanks
  • #218,898
  • Mar 19, 2010 12:09pm Mar 19, 2010 12:09pm
i've been there, and all i can tell you is that it's not good. that's not good at all.
g-u shows the same pattern as g-j for now. struggling to put a bottom in place. definitely not confirmed for going up.

Quoting Geppy
It's tough not having all my charts in front of me and jumping between ones with netdania, but looking at GBP/USD we're really at a significant level... the 1.50 handle. There is a struggle going on there and if it holds there would be a pretty nice double bottom on the 4H.

Just something to keep an eye on...
Nihil Sine Deo.
  • #218,899
  • Mar 19, 2010 12:11pm Mar 19, 2010 12:11pm
hidden divergence at work? Let just hope this is big time
Attached Image (click to enlarge)
Click to Enlarge Name: div.jpg Size: 91 KB
  • #218,900
  • Mar 19, 2010 12:15pm Mar 19, 2010 12:15pm
Ashraf concurs the sterling drops are not completed:

Intraday Market Thought - from Ashraf Laidi

2010.03.19 10:43: USD EXTENDS GAINS gains after bottoming above 80 yesterday, with GBP joining the sell-off against USD pairs, eyeing $1.4970 into early Sunday Asia. EURUSD eyeing interim support of $1.3470 after 300-pip decline in past 3-days. AUDUSD failed the weekly trend line resistance of 0.9250 from the Nov high, calling for 0.9120 prelim target. QUADRUPLE WITCHING DAY seen increasing the volatility and sell-off in commodities. CHF was given an unexpected verbal boost from new SNB board member Danthine who said in his first speech that markets must prepare for higher rates. Such shockingly positive news for CHF was least expected especially as markets anticipated remarks that would weaken CHF. Nonetheless, EURCHF did bottom right above the Oct 2008 low of 1.4300
103 traders viewing now