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

  • #21,281
  • Sep 4, 2007 3:21pm Sep 4, 2007 3:21pm
Quoting markam
If we stay up in this level, it looks like the 4-hour chart will flip bullish. With the daily already bullish, we may push toward zorans 238 tonight.

I guess I better lock my bear in the closet for a while. He hates to see me go long.

what happened to ur dog?
  • #21,282
  • Sep 4, 2007 3:25pm Sep 4, 2007 3:25pm
Quoting markam
If we stay up in this level, it looks like the 4-hour chart will flip bullish. With the daily already bullish, we may push toward zorans 238 tonight.

I guess I better lock my bear in the closet for a while. He hates to see me go long.

Take heart, Mr. M, you have a 50% chance to reign
supreme in September.

Going back 100 years with the DOW and in over 80 years
with the S&P, September on average has been DOWn!

However, in the past 6 Septembers, 3 have been DOWn
and 3 have been up.
  • #21,283
  • Sep 4, 2007 3:52pm Sep 4, 2007 3:52pm
Quoting markam
If we stay up in this level, it looks like the 4-hour chart will flip bullish. With the daily already bullish, we may push toward zorans 238 tonight.

I guess I better lock my bear in the closet for a while. He hates to see me go long.


Yeah i tought the same!Mine 238 is Fibo level!
  • #21,284
  • Sep 4, 2007 4:02pm Sep 4, 2007 4:02pm
it was over 100% fibo (yesturday's high/low) but just turned below it seconds before the candle closed.... i think longs are delayed for a bit...
  • #21,285
  • Sep 4, 2007 4:30pm Sep 4, 2007 4:30pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Any more holidays around the world!!
No movement in GJ..!!!??
All things are difficult before they are easy.
  • #21,286
  • Sep 4, 2007 4:41pm Sep 4, 2007 4:41pm
We have come to the test point. If anyone didn't enter long off the bounce (from the bottom channel line) then another opportunity is coming. If that upper trendline breaks then a 400 pip long should be in order. A total of 600 pips from the bottom channel line.

The reversal should occur in the 238 region so that will be a good take profit and reverse area. I have the top reversal point at 238.80 (but it could be lower). Now do NOT trade this analysis unless you know what you are doing! I post this for information purposes only and so that lilmoe doesn't lose on it!!

So far all charts are playing as planned. I will update with results as they complete. Also, I have been informed that a Gann timepoint reversal should occur on the 4th or 5th of Sep so that ties in nicely with my analysis.

Z
Attached Image (click to enlarge)
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  • #21,287
  • Sep 4, 2007 4:52pm Sep 4, 2007 4:52pm
Quoting Zoran
We have come to the test point. If anyone didn't enter long off the bounce (from the bottom channel line) then another opportunity is coming. If that upper trendline breaks then a 400 pip long should be in order. A total of 600 pips from the bottom channel line.

The reversal should occur in the 238 region so that will be a good take profit and reverse area. I have the top reversal point at 238.80 (but it could be lower). Now do NOT trade this analysis unless you know what you are doing! I post this for information purposes only and so that lilmoe doesn't lose on it!!

So far all charts are playing as planned. I will update with results as they complete. Also, I have been informed that a Gann timepoint reversal should occur on the 4th or 5th of Sep so that ties in nicely with my analysis.

Z

i just would hope u won't take my words so sensetively, and yes, i've been long since the bounce, m30 confirmation, just as the post i had in reply to you on the week analysis thread
  • #21,288
  • Sep 4, 2007 4:53pm Sep 4, 2007 4:53pm
I should also mention that if the bottom channel line breaks, then that will be a nice short entry back to 229 although I'm not expecting that to happen.
  • #21,289
  • Sep 4, 2007 4:57pm Sep 4, 2007 4:57pm
Quoting Zoran
I should also mention that if the bottom channel line breaks, then that will be a nice short entry back to 229 although I'm not expecting that to happen.

anything could happen bro, welcome to forex
  • #21,290
  • Sep 4, 2007 4:59pm Sep 4, 2007 4:59pm
by the way, i exited my long, and waiting to go short on 30m confirmation
  • #21,291
  • Sep 4, 2007 5:01pm Sep 4, 2007 5:01pm
Quoting lilmoe

i just would hope u won't take my words so sensetively, and yes, i've been long since the bounce, m30 confirmation, just as the post i had in reply to you on the week analysis thread
No problems. I just want to be absolutely certain that the newbies here don't blame my charts for their losses.

When I was a newbie, for some reason or another, I could not be profitable even when I was following profitable signals by experienced traders! I always managed to pick the bad signals and leave the good (and highly profitable) ones. Even when I did get a good one, I would close it too early.

Does that make sense to anyone?

Z
  • #21,292
  • Sep 4, 2007 5:02pm Sep 4, 2007 5:02pm
oppss .. what was that? Stop hunting? hmm..
  • #21,293
  • Sep 4, 2007 5:06pm Sep 4, 2007 5:06pm
Quoting Zoran
We have come to the test point. If anyone didn't enter long off the bounce (from the bottom channel line) then another opportunity is coming. If that upper trendline breaks then a 400 pip long should be in order. A total of 600 pips from the bottom channel line.

The reversal should occur in the 238 region so that will be a good take profit and reverse area. I have the top reversal point at 238.80 (but it could be lower). Now do NOT trade this analysis unless you know what you are doing! I post this for information purposes only and so that lilmoe doesn't lose on it!!

So far all charts are playing as planned. I will update with results as they complete. Also, I have been informed that a Gann timepoint reversal should occur on the 4th or 5th of Sep so that ties in nicely with my analysis.

Z
Zoran,

What's the basis for your upper line on your channel. You have one touch point in the middle at 235.50 but where is it coming from on the left. You have it coming right out of the middle of a huge downfall. You need another upper line touch point to call this a true channel. And if you can't find another touch point then your lower line would technically be invalid even as a trend line, at least from a Tom Demark standpoint. I'm not pointing this out to rain on your party, but when you start throwing around figures like 400 pips and 600 pips based upon an invalid channel I think further explanation or clarification is in order.

M2B
  • #21,294
  • Sep 4, 2007 5:07pm Sep 4, 2007 5:07pm
Quoting Zoran
I should also mention that if the bottom channel line breaks, then that will be a nice short entry back to 229 although I'm not expecting that to happen.

Zoran,

What's your take on this recent 40 - 60+ pip drop?

Is it the magnetism of the 5sma on the 4HR?



itshookmydumpster
  • #21,295
  • Sep 4, 2007 5:12pm Sep 4, 2007 5:12pm
Quoting Zoran
No problems. I just want to be absolutely certain that the newbies here don't blame my charts for their losses.

When I was a newbie, for some reason or another, I could not be profitable even when I was following profitable signals by experienced traders! I always managed to pick the bad signals and leave the good (and highly profitable) ones. Even when I did get a good one, I would close it too early.

Does that make sense to anyone?

Z
OMG!!! I thought it was just me!!!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #21,296
  • Sep 4, 2007 5:13pm Sep 4, 2007 5:13pm
Quoting my2buoys
Zoran,

What's the basis for your upper line on your channel. You have one touch point in the middle at 235.50 but where is it coming from on the left. You have it coming right out of the middle of a huge downfall. You need another upper line touch point to call this a true channel. And if you can't find another touch point then your lower line would technically be invalid even as a trend line, at least from a Tom Demark standpoint. I'm not pointing this out to rain on your party, but when you start throwing around figures like 400 pips and 600 pips based upon an invalid channel I think further explanation or clarification is in order.

M2B
If it's not a technical channel, then just take the bottom line as a trendline. The upper line is not so important. It has two connection points in the attached chart, but they come from different directions.
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  • #21,297
  • Sep 4, 2007 5:14pm Sep 4, 2007 5:14pm
Everything in limbo due to this ranging. I do think that the longer we sit here the weaker price becomes.

My MT4 chart shows 30mn and 1hr QQE rolling over. I am looking at the 4hr 5 sma as bottoming retracement 233.30.

I will sit out for a little while and wait to catch a ride on Zoran's 400 PIPS . . either way :-)

Regards
  • #21,298
  • Sep 4, 2007 5:14pm Sep 4, 2007 5:14pm
Quoting moneymagnet
OMG!!! I thought it was just me!!!
if 10 trades were made and 7 were good i would pick the 3 bad ones cut short 3 good ones and be to scared to enter the other 4 good ones. LOL!! Glad to know it wasn't just me
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #21,299
  • Sep 4, 2007 5:16pm Sep 4, 2007 5:16pm
Quoting moneymagnet
OMG!!! I thought it was just me!!!
Sadly and most definitely . . . me! :-)
  • #21,300
  • Sep 4, 2007 5:16pm Sep 4, 2007 5:16pm
Quoting Zoran
I should also mention that if the bottom channel line breaks, then that will be a nice short entry back to 229 although I'm not expecting that to happen.

I consider it good bedside manner.
Giving the +'s and the -'s in every prognosis.

As M2B pointed out.. as long as you can show its
probability on a chart.

Dr. D.
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