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

  • #5,661
  • Aug 9, 2007 10:57am Aug 9, 2007 10:57am
Quoting angiegiles00
Que? Sure wish it was Friday!!
nono.. means i have to play golf.. even more painful than forex

off to venice on sunday..
  • #5,662
  • Aug 9, 2007 10:58am Aug 9, 2007 10:58am
Quoting Al_Have1
http://www.forexfactory.com/showpost...postcount=4294

Great for ranging but not trending.
Thanks for sharing I also saw that post but didn't bother then to realy see what he is saying..., his method seems to resemble very weel with Jacko aproach to hedging, and also seems to have a lot of common sense in it.
Only one problem though, he gives an example of entering long at 239.8 exit at 240.94 in a range of 487 pips and he says that 240.94-239.8 = 38.2% of the range, but 38.2% of 487 equals 186 pips, did you get what he was trying to say there?
  • #5,663
  • Aug 9, 2007 11:03am Aug 9, 2007 11:03am
Quoting mjolimer
markam

cool prediction this morning.

wtf is happening now.. late bounce / buy from a fundi pov?

Looks like the dow is in hover mode until the end of the market day. I expect at least one more big move in the dow, which you should be able to catch if you watch dow movements closely enough. Just watch out for a big up/down, followed by an immediate retracement.

As far as fundementals, I don't think the central banks are going to be able to stop this credit crunch. Any money injected by the central banks is just going to get pulled out of circulation, and not improve liquidity conditions. We are liable to see a dominoe effect of mortgage lenders, then hedge funds, then banks going into crisis/bankruptcy, then possibly a depression-style deflation.

Anybody starting to come over to my side, where I am predicting 210-220 on GJ in very short order?
  • #5,664
  • Aug 9, 2007 11:04am Aug 9, 2007 11:04am
If price bounces off trendline or the lowest today, I'll buy again
Trade what you see, not what you think.
  • #5,665
  • Aug 9, 2007 11:04am Aug 9, 2007 11:04am
239.84 sure is one hell of a support... non of the timeframe candles are closing below it... hope it does, to retest the bottom..

i have a trendline and a fibo crossing that point.
  • #5,666
  • Aug 9, 2007 11:05am Aug 9, 2007 11:05am
Quoting mjolimer
nono.. means i have to play golf.. even more painful than forex

off to venice on sunday..
I know what you mean, I play golf myself..
  • #5,667
  • Aug 9, 2007 11:06am Aug 9, 2007 11:06am
Quoting karmostaji
If price bounces off trendline or the lowest today, I'll buy again
i just went long.

good signal for you all to go short now..


long at 23996
tp 24300
sl 23865
  • #5,668
  • Aug 9, 2007 11:06am Aug 9, 2007 11:06am
Quoting markam
I updated my mesa analysis to show the accuracy of my methods Just wait until you see my Grand Canyon analysis!!!

http://farm2.static.flickr.com/1407/...b8caede8b3.jpg
I recon that if you show us your Sears Tower youŽll be in the ModŽs sights for a cooling off ban!
Trading Levels with WRBs
  • #5,669
  • Aug 9, 2007 11:06am Aug 9, 2007 11:06am
Quoting ovidiu
Thanks for sharing I also saw that post but didn't bother then to realy see what he is saying..., his method seems to resemble very weel with Jacko aproach to hedging, and also seems to have a lot of common sense in it.
Only one problem though, he gives an example of entering long at 239.8 exit at 240.94 in a range of 487 pips and he says that 240.94-239.8 = 38.2% of the range, but 38.2% of 487 equals 186 pips, did you get what he was trying to say there?
You may want to PM him. He is a really nice guy and very knowledgable. The way I interpreted is draw a fib between support & resistance and trade upon entry into the 38.2, exit at 61.8 and vice versa. He does say this is not a system, just a way to kill time when ranging.
  • #5,670
  • Aug 9, 2007 11:07am Aug 9, 2007 11:07am
im going long at 239.19
  • #5,671
  • Aug 9, 2007 11:08am Aug 9, 2007 11:08am
Quoting mjolimer
i just went long.

good signal for you all to go short now..




that's how i feel most of the time....
but be careful, u should have a SL of at least 90 pips
  • #5,672
  • Aug 9, 2007 11:09am Aug 9, 2007 11:09am
Quoting mjolimer
i just went long.

good signal for you all to go short now..
I am, for a quick scalp
Trade what you see, not what you think.
  • #5,673
  • Aug 9, 2007 11:09am Aug 9, 2007 11:09am
Quoting PipBuLL007
im going long at 239.19
I think the chances are high of another sharp drop in the stock market. If so, I hope you have a tight stop.
  • #5,674
  • Aug 9, 2007 11:12am Aug 9, 2007 11:12am
Quoting markam
I think the chances are high of another sharp drop in the stock market. If so, I hope you have a tight stop.
I actually wouldn't mind that, drops are fast on geppy, but I expect it to range for another week maybe. Only time will tell.
  • #5,675
  • Aug 9, 2007 11:16am Aug 9, 2007 11:16am
Quoting markam
I think the chances are high of another sharp drop in the stock market. If so, I hope you have a tight stop.
will do thanks but might bounce back up real fast
  • #5,676
  • Aug 9, 2007 11:16am Aug 9, 2007 11:16am
Quoting Al_Have1
You may want to PM him. He is a really nice guy and very knowledgable. The way I interpreted is draw a fib between support & resistance and trade upon entry into the 38.2, exit at 61.8 and vice versa. He does say this is not a system, just a way to kill time when ranging.
yes this is exactely what his was saying the numbers match precisely, thank you again for sharing, I must give it a try
  • #5,677
  • Aug 9, 2007 11:17am Aug 9, 2007 11:17am
Quoting markam


Anybody starting to come over to my side, where I am predicting 210-220 on GJ in very short order?
Not quite sure about that far, but I have for some reason a few price projections & came up with around 233 -234 ish. I can't quite find my info at the moment, but that is what could happen.

Don't trade to that anybody, like other guys say, see where the charts take you & if it happens great. I will probably miss it anyway.

Scott
Le singe est dans l'arbre
  • #5,678
  • Aug 9, 2007 11:18am Aug 9, 2007 11:18am
what are you guys basing your long entries on? you better watch out, imo.
  • #5,679
  • Aug 9, 2007 11:19am Aug 9, 2007 11:19am
Quoting bmwboyee
what are you guys basing your long entries on? you better watch out, imo.
4H bottom trendline plus double bottom
  • #5,680
  • Aug 9, 2007 11:20am Aug 9, 2007 11:20am
Quoting Islander
I recon that if you show us your Sears Tower youŽll be in the ModŽs sights for a cooling off ban!
Or even the Petronas Towers; how about that & you get a double top out of it.
Le singe est dans l'arbre
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