Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Questions About Auslanco's Trades 72 replies
DislikedThere is a very similar set of patterns at the end of Oct. and the beginning of Jan.
If memory serves me correct, the end of each were the following:
Oct. - Dubai
Jan. - Obama confronting the US banks - which was an excuse for a market correction.
If 145 is not breached, then I would assume that there is something lerking around the corner from a fundamental standpoint that is dampening an all out bullish move. The general argument, of course, is the general state of the global economy.
DislikedAgreed. As a newcomer to GBP/JPY this has been exciting but also frustrating.
I really have no clue where it's going and as you mentioned something is manipulating this beast. This doesn't look like the market trading I've previously known.
I'm scalping (I usually do medium term trading) at the moment and leaving no trades open during Sydney/Tokyo for this pair.Ignored
Dislikedagree about oct 2009 and jan2010 same pattern i said bfore...you seeing same picture go down or not?GLIgnored
DislikedAlso, if anyone is interested... I had EUR/USD shorts from 1.3640 and took them off this morning near the lows although I was targetting 1.3487
I've got a new sell order in for 1.3582 with a target still of 1.3487... lets close that gap!Ignored
DislikedI have no clue where it is going.
The action is looking more like a desparate ending diagonal, which would suggest a quick drop. However, do not be surprised if the price pops over the 200 daily SMA even for a day and then goes back down. A quick drop could also be followed up with another surge.
One thing that is sticking in the back of my mind is that in March someone purchased a large order of 6-month puts at the 1.44 level in Cable or GBP/USD.
For a thread, see: http://www.forexlive.com/92457/all/u...ble-puts-today...Ignored
Dislikedwell now guys ur charts not working?isaid end of trend 145.....now see....everyone was telling me chart and this and that..this is another big thursday....GLIgnored
I'm loving this, very predictable day so far.
144 break to the upside added some decent pips. Out of my long for now. Watching if the 28sma and Gann flip hold on the 1H for next move. 15M toppy, but 1H still has some legs on it.Ignored
DislikedI am not sure what you mean about 'ur charts not working'.
All I am saying is that I do not know where it is going.
I take a more reactionary (conservative?) approach. Geppy is so volatile, there is something for everyone.