first of all, g-j correlates with usd/jpy during US session. this is the starting point. basically it's not just about DJI but all US indexes (SP500, NASDAQ etc). if things are going wrong with US economy, these indexes are starting to drop - ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

no, it's not weird. think about WHY there is a correlation between DJI and g-j. because it's not just like g-j follows DJI all the times...

Auslanco - GBP/JPY and GBP/USD (newstrade)

then you must have a bunch of long orders since it dropped from 2.1160...

Cable Update (GBPUSD)

211.60 should hold for a while. if not, then 210.60 is next and then 209.55.

Auslanco - GBP/JPY and GBP/USD (newstrade)

2 charts to show you how to think. divergence, trendline, but no breakout. so... NO SHORT. i said it many times, a divergence by itself = NOTHING. a confirmed divergence = PROFIT in your pockets.

Cable Update (GBPUSD)

yes. the bearish divergence was right there. BUT it hasn't been confirmed. here is an example on 30 min chart, and here's how i act: 1. i identify the divergence (see white lines) 2. i put the trendline (see red line) 3. i enter on breakout, ALWAYS ...

Cable Update (GBPUSD)

stochastic is not lagging, theoretically... because it is an oscillator.

Cable Update (GBPUSD)

this is not true. stochastic is a very good indicator, it' s just you don't know how to read it. let me give you a brief update (something like 101 stochastics): since it's an oscillator, it will stay overbought in an uptrend and oversold in a ...

Cable Update (GBPUSD)

karmo was a little harsh... the thing about divergences is that you ALWAYS need another confirmation, such as a trendline break AND a reversal pattern on price action. NEVER EVER trade a divergence just by itself. trust me, i know because they are ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

oh yeah... i forgot about this. here's how it works with the gap: since we bounced on Friday, that means we had a momentum upwards at market end, so there must be unfilled orders that are leftover from last week. all you need is one or two big ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

yes, that was my thought. oh well... nobody else bothered to answer, i guess most of you must be making a killing by trading Aus' strategy. i'm glad everything is so clear and everyone is profitable. good luck then, the week just started...

Auslanco - GBP/JPY and GBP/USD (newstrade)

okay... before all thread goes hog wild about 230, here's a weekly chart with a simple trendline. next week would hit it at 217.27 (i said would, not will or should). just something to think about.

Auslanco - GBP/JPY and GBP/USD (newstrade)

sure, here it is.

Auslanco - GBP/JPY and GBP/USD (newstrade)

bearish divergence? i don't see any, neither regular nor hidden. would you post a chart to indicate it? you mean, on H4 chart between 214.02 and 213.96? might be... but i don't know if qqe is reliable when it comes to divergences... anyway, that's ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

back to the original rules... — here are 2 charts suggesting a possible long entry according to Aus strategy (if any of you already posted this... i apologize and please disregard my post... i don't have time to go back through the topic). H4 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

yes, you're absolutely right. my thoughts exactly... but i probably didn;t explain it the way i should, i'm a little bit tired and focusing on the market is enough for me at this moment. thanks for the comments!

Auslanco - GBP/JPY and GBP/USD (newstrade)

i just showed another 1-2-3 setup, but this time a bearish one. i'm not saying that every one works, but most of them do. my point was, g-j is in a critical point right now... now, what i think... is that we will probably see it going high. my ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

yeap... and let me show you another one... the breakout point would be 210.16 according to my charts. tricky.

Auslanco - GBP/JPY and GBP/USD (newstrade)

just a simple setup. 1-2-3 on h4, enter on a break of 2... while a break of 1 should nullify this setup. one of the basic PA.

Auslanco - GBP/JPY and GBP/USD (newstrade)

hey, anyone using oanda? i can't login into my account...

Cable Update (GBPUSD)