Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 11243 | 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)

  • #224,841
  • May 17, 2010 10:28am May 17, 2010 10:28am
Quoting 5ysfx
new channel
Yes see your target 136.30/60 should be tops if we get an hourly close above 134.29 in this session or Asia session. . . 134.29 is the trigger for higher price. . . Key will be if we close above 133.60 in NY - keep an eye out on this. . .
  • #224,842
  • May 17, 2010 10:33am May 17, 2010 10:33am
so are we in for for a correction to 135.80 /136.20 ??
  • #224,843
  • May 17, 2010 11:17am May 17, 2010 11:17am
quecee,,that triangle i posted earlier ,, might be a possibility ... that will take us to 138,50 (78.6) ... if that is the case ,,then we are in for some seriuos pips ($) ,,, because we add more and more on every rally at 78.6 until the breakout ,and then add more on breakout... and the triangle is 1100 pips ? so that will take us to 118,,and the bounce on 125 will only be a pause and dont see back up to 135 or close of it ,,the momentum after the breakout of the triangle will be powerfull ,like we all know ..

and what back my view is ,we are busy with a long inverted hammer on daily,but thats only on a UK platfrom ,and if i look ona US platform we then are busy with a bullsih engulf on daily,,but daily is not over yet... thats if we close on these levels ..then i cant see 135 or 136 will hold it ,and we are more in for 138.50 right at 78.6 ....
  • #224,844
  • May 17, 2010 11:22am May 17, 2010 11:22am
Quoting fullhouse
quecee,,that triangle i posted earlier ,, might be a possibility ... that will take us to 138,50 (78.6) ... if that is the case ,,then we are in for some seriuos pips ($) ,,, because we add more and more on every rally at 78.6 until the breakout ,and then add more on breakout... and the triangle is 1100 pips ? so that will take us to 118,,and the bounce on 125 will only be a pause and dont see back up to 135 or close of it ,,the momentum after the breakout of the triangle will be powerfull ,like we all know ..

and what back my view is ,we are...
Lets see what happens when we get to 135.88/136.16/30/60 area. . . not seeing 138.50 just yet. . . That would mean that we would be in a new weekly range and we haven't even tested the bottom of this weekly range yet so can't see 138.50 just yet but anything is possible

Weekly still bearish so don't know if we are finished with this range yet - 135.88 - 129.22
  • #224,845
  • May 17, 2010 11:25am May 17, 2010 11:25am
Quoting fullhouse
quecee,,that triangle i posted earlier ,, might be a possibility ... that will take us to 138,50 (78.6) ... if that is the case ,,then we are in for some seriuos pips ($) ,,, because we add more and more on every rally at 78.6 until the breakout ,and then add more on breakout... and the triangle is 1100 pips ? so that will take us to 118,,and the bounce on 125 will only be a pause and dont see back up to 135 or close of it ,,the momentum after the breakout of the triangle will be powerfull ,like we all know ..

and what back my view is ,we are...
I don't think can see 138. I think if really get very high also possible retrace to [email protected] only.
Still got space to go more low.
  • #224,846
  • May 17, 2010 11:28am May 17, 2010 11:28am
Hi everyone. The price is rising at a lower and lower volume. This don't look good for bull.
Read the entire market, money is made on the main trend not the fluctuation
  • #224,847
  • May 17, 2010 11:33am May 17, 2010 11:33am
Quoting Kofmaster
Hi everyone. The price is rising at a lower and lower volume. This don't look good for bull.
There is [email protected], anyway i get my new setup [email protected]. See you all at tokyo and frankie time. Good luck all.
  • #224,848
  • May 17, 2010 11:38am May 17, 2010 11:38am
if we go above 135.56 by next tokyo close, this means a bottom is in place and we should expect a significant consolidation/corrective rally.
if not, well, we continue lower.
Nihil Sine Deo.
  • #224,849
  • May 17, 2010 11:39am May 17, 2010 11:39am
Quoting special0nefx
I don't think can see 138. I think if really get very high also possible retrace to [email protected] only.
Still got space to go more low.

thats if we are not in a triangle,,if we are in one ,then we will see it..im myself want to short at 136 somewhere ,cause thats the 161.8 ext of ABC, but 99.9% in triangles,,the tops and bottoms are at the 78.6 fibs.
  • #224,850
  • May 17, 2010 11:39am May 17, 2010 11:39am
the time of the day is not relevant for volume interpretation. lower volume = less activity.

Quoting Kofmaster
Hi everyone. The price is rising at a lower and lower volume. This don't look good for bull.
Nihil Sine Deo.
  • #224,851
  • May 17, 2010 11:42am May 17, 2010 11:42am
I seem not to understand what you mean by "bottom is in place" does it mean the bulls are in charge or the bears. please explain,

Quoting Scrat
if we go above 135.56 by next tokyo close, this means a bottom is in place and we should expect a significant consolidation/corrective rally.
if not, well, we continue lower.
  • #224,852
  • May 17, 2010 11:43am May 17, 2010 11:43am
By the way where have you been? You went to Greece to give them a bailout? very soon you will be able to help nations with your green pips

Quoting Scrat
the time of the day is not relevant for volume interpretation. lower volume = less activity.
  • #224,853
  • May 17, 2010 11:50am May 17, 2010 11:50am
bottom is put by buyers, so bulls.

Quoting uncletrumpet
I seem not to understand what you mean by "bottom is in place" does it mean the bulls are in charge or the bears. please explain,
Nihil Sine Deo.
  • #224,854
  • May 17, 2010 11:51am May 17, 2010 11:51am
Something doesn't seem quite right about this end of day rally. Could be overall positive for bears as I'd see some weak shorts getting rattled and bailing out. Lacking a NY close above 134.00 would seem like a red flag to me also.

I haven't been able to do any charting today, but I guess all I'm saying is that the push down to 132 seemed pretty strong while this move back up has been a grind.
check out my blog: forexmademillionaire dot com
  • #224,855
  • May 17, 2010 11:52am May 17, 2010 11:52am
Should be ranging until we break out of some of these trend lines. If it doesn't break the upper trend line, down again to upper 132. Keepin an eye on this beast.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy short drop.gif Size: 25 KB
  • #224,856
  • May 17, 2010 11:55am May 17, 2010 11:55am
on and off... yesterday i went to LA to see A-ha live... farewell tour, last time in US. too bad they will split soon.

Quoting uncletrumpet
By the way where have you been? You went to Greece to give them a bailout? very soon you will be able to help nations with your green pips
Nihil Sine Deo.
  • #224,857
  • May 17, 2010 11:59am May 17, 2010 11:59am
Quoting Geppy
Something doesn't seem quite right about this end of day rally. Could be overall positive for bears as I'd see some weak shorts getting rattled and bailing out. Lacking a NY close above 134.00 would seem like a red flag to me also.

I haven't been able to do any charting today, but I guess all I'm saying is that the push down to 132 seemed pretty strong while this move back up has been a grind.
the daily chart tells alot at the moment ... Uk platform long inverted hammer ,and US platform bullsih engulfing candle...the day is far from over ,,but if we close at these levels,,2morrow is def a bull day and possible wed. ..i cant see we break to a new low by tomorrow if we close at these levels on daily
  • #224,858
  • May 17, 2010 12:02pm May 17, 2010 12:02pm
and up we go...
Nihil Sine Deo.
  • #224,859
  • May 17, 2010 12:03pm May 17, 2010 12:03pm
We have tested the weekly lower range so it's only fitting to go and test the top of the range before we head lower. . .

I would be looking at the weekly chart and put a gann 10 and 5 sma on it and look for price to target 135.88 with a spike push to 136.30/60 area before more bears unload. . .

I'm long of the 131.90 area and above 134.30 close will target 1.618 abc correction of this last move down to 136.30/60 area. . .

Just what I see - I'll post a chart in a sec to show what I'm seeing. . .
  • #224,860
  • May 17, 2010 12:04pm May 17, 2010 12:04pm
Again if you look at weekly - weekly bearishness was activated so we will see lower price this week after the run up wherever it ends on this up move and 125 is still my target. . .
51 traders viewing now