Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 11592 | 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)

  • #231,821
  • Sep 15, 2010 3:36am Sep 15, 2010 3:36am
Quoting ubaidahsan
oopss wrong decision bro will wait for a new setup again

Ub
lol... was thinking the same thing.

but anything that's not a loss goes in the win column.

next set up
  • #231,822
  • Sep 15, 2010 3:42am Sep 15, 2010 3:42am
Quoting Fudomyo
lol... was thinking the same thing.

but anything that's not a loss goes in the win column.

next set up
yea let see what happen next there is intervention in all pairs lol GU is going down dollar is getting stronger UJ going up due to that and that is why GJ going up down may be we will see that levels again for short otherwise will long from lower

Ub
  • #231,823
  • Sep 15, 2010 3:43am Sep 15, 2010 3:43am
Although it has moved 400+ pips there is no indication of shorting this except for the stochs.

Though it can retrace few pips why fight the trend for few pips ???

Buying on dips should be the play for now .

Should atleast wait for 5min to break down for a scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: 10.jpg Size: 63 KB
  • #231,824
  • Sep 15, 2010 3:47am Sep 15, 2010 3:47am
patient..orait out of all my long...n take my long vacation...clean screen atm

p/s: some one is already ready to push another button..so becarefull in ur long . high volatility expected till end month.

enjoy your trade guys....chow
  • #231,825
  • Sep 15, 2010 3:56am Sep 15, 2010 3:56am
Quoting grashid
patient..orait out of all my long...n take my long vacation...clean screen atm

p/s: some one is already ready to push another button..so becarefull in ur long . high volatility expected till end month.

enjoy your trade guys....chow
Have a nice one mate and get back soon.
  • #231,826
  • Sep 15, 2010 4:00am Sep 15, 2010 4:00am
Although the news was 'bad' it's being wholly ignored. More people unemployed, gee, who'da thunk. Key is that looks like cable's been bought on the dip. 132.2x looks to be holding OK in GY, and with UJ looking to make another leg up, GY shouldn't drop. Another 100 pips in GY over the next 2 hours would not surprised me.

BTW, forexlive.com is pretty certain BoJ is buying. I'd tend to believe them. They may not be in with bushels of money, as they're probably looking to line bids up the line, and are certainly counting on other big boys to go along for the ride. Quite the strategy IMO.
  • #231,827
  • Sep 15, 2010 4:12am Sep 15, 2010 4:12am
A few things struck me about the timing...

Started buying at the lows.
Been a bullish couple of days, sentiment-wise.
Buffett says 'no double dip, no way, never'.
Started buying during lower volume timezone.
Popping up at various intervals during early London too.
No retracement as of yet.

If they had any sense, they would be on the offer at 85.5 and then re-buy the retrace.

In short, there are no short opps unless you fancy a gamble. 1000 pip movements can happen in a few days once bullishness takes hold.
  • #231,828
  • Sep 15, 2010 4:15am Sep 15, 2010 4:15am
Gold going into higher grounds and GJ shooting up as well?...one the moves should be BS-istic...

Quoting ukdaytrader
A few things struck me about the timing...

Started buying at the lows.
Been a bullish couple of days, sentiment-wise.
Buffett says 'no double dip, no way, never'.
Started buying during lower volume timezone.
Popping up at various intervals during early London too.
No retracement as of yet.

If they had any sense, they would be on the offer at 85.5 and then re-buy the retrace.

In short, there are no short opps unless you fancy a gamble. 1000 pip movements can happen in a few days once bullishness takes hold.
  • #231,829
  • Sep 15, 2010 4:26am Sep 15, 2010 4:26am
Quoting Fusion
Gold going into higher grounds and GJ shooting up as well?...one the moves should be BS-istic...
It's only a BS move if we can't see any reason for it. We know why GJ has gone up.
Just entered a small short Gold position.
  • #231,830
  • Sep 15, 2010 4:36am Sep 15, 2010 4:36am
So odds of this working? Would be nice too see the carry trade back again.

Economics is with them atm, jpy is overvalued right now, recovery is burgeoning etc, though i'm thinking that if they do standard central bank procedure of drawing a line in the sand the market will just take that as free money.

Ie let them buy at 82 or whatever, then sell once it gets too 90, etc etc, just play the range till the Japanese central bank runs out of money.

Not sure how i'd do this if i were a central bank, not piecemeal though, reverse the trends and cause a major short squeeze till prices are higher and trend is clearly up. or something like that.
  • #231,831
  • Sep 15, 2010 4:47am Sep 15, 2010 4:47am
I think there was a tidbit in the BoJ ministers speech that suggested 82 was the defence level. We do know today's intervention was unilateral and most likely the effect will be a data 'blip' in saying how much the global economy really stinks.
  • #231,832
  • Sep 15, 2010 6:30am Sep 15, 2010 6:30am
well intervention or not it went up a couple hundred pips. i was short at some point (somewhere inside the red triangle) but got kicked out so fast...

anyway here is the chart. more room to the upside, i'd say 134 is decision area - if that one is taken then 139/141 comes next.

but let's get realistic. with or without any intervention, a trend doesn't change overnight. will definitely try a short to the previous break level - mid/upper 129 - when i see relevant price action.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
Nihil Sine Deo.
  • #231,833
  • Edited 7:39am Sep 15, 2010 7:20am | Edited 7:39am
Next up should be 133.60, clear that we go to 134.11 which is 261.8 fibo .

Seems like UJ is in no mood of retracing.

Edit : Seems like Daily 100SMA held for now.Clear this res then attack the above areas.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13.jpg Size: 111 KB
Click to Enlarge Name: 14.jpg Size: 81 KB
  • #231,834
  • Sep 15, 2010 7:56am Sep 15, 2010 7:56am
Weekly R3 at 133.34 coming up, monthly at 135.1, but based on current hourly moves R3 shows at 133.6 - I think it might get there. Have not yet removed any chunk of profits. I've been greedy. It's paused here.

The question is, how much more gas in UJ - 86 seems like a nice target. Don't know about it, but, if US equities rally, GY and other yen correlations might be back. This isn't really a chart exercise, rather a how-far-can-we-ride-it venture.

All hail BoJ.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-15_084832.png Size: 17 KB
  • #231,835
  • Sep 15, 2010 8:00am Sep 15, 2010 8:00am
Quoting honeybhi
Next up should be 133.60, clear that we go to 134.11 which is 261.8 fibo .

Seems like UJ is in no mood of retracing.

Edit : Seems like Daily 100SMA held for now.Clear this res then attack the above areas.
We hit an important UJ resistance area at 85.85. Daily 50ema is sitting on it. That's the hurdle to clear if we're going to continue up. It's also the first serious defense area we've reached between the bottom and 88.

88 is the line in the sand. If we get up that high, that's where a lot of the large order blocks are sitting. So far, the market hasn't put up much resistance. Above 85.85, it starts to get a bit more serious.
  • #231,836
  • Sep 15, 2010 8:21am Sep 15, 2010 8:21am
Quoting Fudomyo
We hit an important UJ resistance area at 85.85. Daily 50ema is sitting on it. That's the hurdle to clear if we're going to continue up. It's also the first serious defense area we've reached between the bottom and 88.

88 is the line in the sand. If we get up that high, that's where a lot of the large order blocks are sitting. So far, the market hasn't put up much resistance. Above 85.85, it starts to get a bit more serious.
Yes watching this area closely and also watching the index's.
USDX seems like bouncing ,but GBPX and JPYX seem to gain strength.

I have a feeling that more it consolidates ,we see higher prices.

Below is the LFXJPY ,will watch the reaction at UTL .

A daily close above 133 area will change lot of things.
Lets see what US has planned tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: 15.jpg Size: 85 KB
  • #231,837
  • Sep 15, 2010 8:28am Sep 15, 2010 8:28am
After months of jawboning, the BoJ eventually act and act they have.

Their rhetoric today suggests they want all pending short orders to be cancelled. Put it this way, would you have large short orders at resistance if the BoJ are telling you not to?

Get out of my way or be squashed, I am driving a bigger truck than you! (Please let us do this Ms China)
  • #231,838
  • Sep 15, 2010 8:30am Sep 15, 2010 8:30am
still thinking how long it can go more from where to add shorts its 492 points up i know trend is your friend but its not a normal situation that market is going in one direction..i can risk for short now but from where still confuse

Ub
  • #231,839
  • Sep 15, 2010 8:32am Sep 15, 2010 8:32am
Quoting ubaidahsan
still thinking how long it can go more from where to add shorts its 492 points up i know trend is your friend but its not a normal situation that market is going in one direction..i can risk for short now but from where still confuse

Ub
Not a bad place to try shorts with tight stops.

Nice bearish candle on 30 min.
  • #231,840
  • Sep 15, 2010 8:38am Sep 15, 2010 8:38am
Out for 133.16. Will be watching for further support; 132.68 is a nice pin bar.

Do agree on further upside potential since equities look to head down, which should make cash interesting.

You gotta love/hate Soros. Word is apparently he's been buying billions (yes billions) in USDJPY over the past weeks. Imagine. Tens of millions of dollars uptick with each pip. Friends in high places and all that.

I am largely flat, after having backed up the truck. GU looks rejected, and UJ, well, chart reading there is useless. All makes up for what was left on the table on May 6. Hope everyone profited handsomely.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-15_093745.png Size: 19 KB
59 traders viewing now