Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 11130 | 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)

  • #222,581
  • Apr 27, 2010 9:32am Apr 27, 2010 9:32am
Quoting ukdaytrader


But it's still early days. Looking at the higher TFs, we are simply now 'enjoying' a range.

Suddenly everyone's bearish again?
I have been Bearish all the time...never had a bullish feeling or idea or even a chart indication of a bull pattern... some even got mad that I kept saying short.
  • #222,582
  • Apr 27, 2010 9:45am Apr 27, 2010 9:45am
This makes me sick..

I shorted up at 145.60 or so but got stopped out because of the next big run up...what the hell am I doing wrong? I've lost a large percentage of my account because of things like that...

Thanks
  • #222,583
  • Apr 27, 2010 9:58am Apr 27, 2010 9:58am
Quoting ukdaytrader


But it's still early days. Looking at the higher TFs, we are simply now 'enjoying' a range.

Suddenly everyone's bearish again?
Nah, still overall bullish as we lead up to elections, just trying to see which way it'll head outside of 143.1-143.7 - yes, it hung out here for ages last week. Personally, I think the current sentiment (ie., equities & ongoing GS hearings you can watch on Bloomberg) will drive GY & UJ down further. How far? 142.6 at least.
  • #222,584
  • Apr 27, 2010 9:59am Apr 27, 2010 9:59am
I see this as a huge red flag. The good ol' gov is finally starting to admit (in a sly way) that we're f*cked. Be on the lookout for more news like this...

Bernanke Says Budget Gap Might Raise Rates, Endanger Recovery

April 27, 2010, 10:15 AM EDT
By Joshua Zumbrun

April 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.
“Achieving long-term fiscal sustainability will be difficult, but the costs of failing to do so could be very high,” Bernanke said in remarks prepared for a speech today to a White House commission on the budget deficit. “Increasing levels of government debt relative to the size of the economy can lead to higher interest rates, which inhibit capital formation and productivity growth -- and might even put the current economic recovery at risk.”

The Obama administration estimates budget deficits will total $5.1 trillion over five years and hit a record $1.6 trillion in the year ending Sept. 30. The $1.4 trillion deficit in 2009 was equal to 9.9 percent of gross domestic product, the largest share since the end of the World War II.

Bernanke spoke to the National Commission on Fiscal Responsibility and Reform, established by President Barack Obama to identify policies to reduce the deficit to a sustainable level. The commission’s mandate is to propose a plan to balance the budget, except for interest payments on debt, by 2015.

“High levels of debt also decrease the ability of policy makers to respond to future economic and financial shocks,” Bernanke said. “A loss of investor confidence in the ability of a government to achieve fiscal sustainability can itself be a source of significant economic and financial instability.”

http://www.businessweek.com/news/201...-recovery.html
check out my blog: forexmademillionaire dot com
  • #222,585
  • Apr 27, 2010 10:13am Apr 27, 2010 10:13am
Quoting Myrza
if bear has the will..imo..next stop should be 143.75 and if this breaks 142 is achievable today. GL shorters


I am liking the look of this... a nice build-up of bearish momentum..not to fast and not to slow. Expect we will go very deep today...maybe a daily close below 142. By the look of thing , the most it will retrace is to 143.6
  • #222,586
  • Apr 27, 2010 10:14am Apr 27, 2010 10:14am
Daily bearish divergence forming..
Read the entire market, money is made on the main trend not the fluctuation
  • #222,587
  • Apr 27, 2010 10:22am Apr 27, 2010 10:22am
You can watch the Senate committee hearings on Bloomberg ... Chairman Levin is handing the first Goldman exec his ass with his questioning ... quite entertaining to watch - GS didn't provide good coaching to their employee - he's flopping all over the place, like a nervous lying teenager - now that's what I call reality TV!

P.S. - Should have sold some CADYEN - it's crashing nicely!
  • #222,588
  • Apr 27, 2010 10:24am Apr 27, 2010 10:24am
2 news just hit the ticker

1. *PORTUGAL RATINGS CUT BY S&P, OUTLOOK NEGATIVE


2. *greece sovereign credit ratings cut to junk by s&p
  • #222,589
  • Apr 27, 2010 10:26am Apr 27, 2010 10:26am
update on supports & resistances.
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_vwap.gif Size: 21 KB
Nihil Sine Deo.
  • #222,590
  • Apr 27, 2010 10:27am Apr 27, 2010 10:27am
Quoting Beljevina
You can watch the Senate committee hearings on Bloomberg ... Chairman Levin is handing the first Goldman exec his ass with his questioning ... quite entertaining to watch - GS didn't provide good coaching to their employee - he's flopping all over the place, like a nervous lying teenager - now that's what I call reality TV!
Quoting Piters
*greece sovereign credit ratings cut to junk by s&p
The sh*t is really starting to hit the fan, especially if you conisder the Bernanke announcement that the "recovery" could be in jeopardy. I don't think it's any coincidence that this comes on the same day as the GS questioning and more bad news about Greece. Like they're just trying to slip it in there and hope it's not much noticed.

Also wouldn't be surprised if the UK government charges GS in the next few days or weeks. More bad news is coming, it's just a matter of when.
check out my blog: forexmademillionaire dot com
  • #222,591
  • Apr 27, 2010 10:28am Apr 27, 2010 10:28am
Quoting Scrat
update on supports & resistances.
And buh-bye monthly VWAP...
check out my blog: forexmademillionaire dot com
  • #222,592
  • Apr 27, 2010 10:29am Apr 27, 2010 10:29am
Quoting Geppy
And buh-bye monthly VWAP...

I like
  • #222,593
  • Apr 27, 2010 10:30am Apr 27, 2010 10:30am
This thing looks just like doesn't want to retrace at all
Read the entire market, money is made on the main trend not the fluctuation
  • #222,594
  • Apr 27, 2010 10:30am Apr 27, 2010 10:30am
Quoting Kofmaster
This thing looks just like doesn't want to retrace at all

I like even more...let us go straight down to 138.2
  • #222,595
  • Apr 27, 2010 10:31am Apr 27, 2010 10:31am
Quoting Geppy
I see this as a huge red flag. The good ol' gov is finally starting to admit (in a sly way) that we're f*cked. Be on the lookout for more news like this...
Good find, ya if they start to admit there is not recovery it could get ugly.
  • #222,596
  • Apr 27, 2010 10:34am Apr 27, 2010 10:34am
no... not yet...

Quoting Geppy
And buh-bye monthly VWAP...
Nihil Sine Deo.
  • #222,597
  • Apr 27, 2010 10:37am Apr 27, 2010 10:37am
lets push down past through 142.60 and it will be the target of our retracement
Read the entire market, money is made on the main trend not the fluctuation
  • #222,598
  • Apr 27, 2010 10:43am Apr 27, 2010 10:43am
Quoting Beljevina
You can watch the Senate committee hearings on Bloomberg ... Chairman Levin is handing the first Goldman exec his ass with his questioning ... quite entertaining to watch - GS didn't provide good coaching to their employee - he's flopping all over the place, like a nervous lying teenager - now that's what I call reality TV!

P.S. - Should have sold some CADYEN - it's crashing nicely!
both are being stubborn motherphunks I cant stand the voice of this lady who is asking the next set of questions ...senate sux goldman sux
  • #222,599
  • Apr 27, 2010 10:43am Apr 27, 2010 10:43am
Quoting Geppy
The sh*t is really starting to hit the fan, especially if you conisder the Bernanke announcement that the "recovery" could be in jeopardy. I don't think it's any coincidence that this comes on the same day as the GS questioning and more bad news about Greece. Like they're just trying to slip it in there and hope it's not much noticed.

Also wouldn't be surprised if the UK government charges GS in the next few days or weeks. More bad news is coming, it's just a matter of when.
go and watch the GS SOAP OPERA in live ..

http://preview.bloomberg.com/tv/ ,, cheers
  • #222,600
  • Apr 27, 2010 10:44am Apr 27, 2010 10:44am
Quoting Scrat
no... not yet...
A convincing break would put the most recent lows of 139.37 as the next target in my mind...
check out my blog: forexmademillionaire dot com
69 traders viewing now