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

  • #30,981
  • Sep 21, 2007 7:49am Sep 21, 2007 7:49am
Quoting lilmoe
well, a drop is bound by lots of stuff, it sure will drop if 200ema is regected again. HOWEVER, if 200ema was successfully broken, then i'm guessing our target will be 238-239 (zoran's old target). i'm not sure if you remember my channel, but here it is again. we (at least i have) were misslead by the fake breakout of that of the bottom of the channel. i'm guess well reach the top of that channel by next week. again, if the top was broken, say goodbye to your predicted BIG FALL...

Attachment

i've been backtesting what brok said yesturday about OB OS m30 qqe's, and it's evedent that it's 90% accurate. we are currently at 30m qqe OB level. and i see 231.80 ahead in the next couple of hours. i will place a buy limit right there with a tight stop loss, just in case. 231.80 is a 50% fibo leve from the earlier move downwards.

currently we are 40 pips away from 200ema. lets see what happens. i guess i'll make a quick short when it reaches there
  • #30,982
  • Sep 21, 2007 7:50am Sep 21, 2007 7:50am
Quoting karmostaji
I agree, good analysis
Coming up on 200 ema on 4hr at 233.56... get ready to book more profits longs.
  • #30,983
  • Sep 21, 2007 7:51am Sep 21, 2007 7:51am
ok--exiting all longs at 233.40

im done for the week guys

enjoy your weekend everyone and chat to ya'all nxt week

peace out
  • #30,984
  • Sep 21, 2007 7:51am Sep 21, 2007 7:51am
Quoting lilmoe
well, a drop is bound by lots of stuff, it sure will drop if 200ema is regected again. HOWEVER, if 200ema was successfully broken, then i'm guessing our target will be 238-239 (zoran's old target). i'm not sure if you remember my channel, but here it is again. we (at least i have) were misslead by the fake breakout of that of the bottom of the channel. i'm guess well reach the top of that channel by next week. again, if the top was broken, say goodbye to your predicted BIG FALL...

Attachment
Hey.. I also predicted something like that last weekend.. I will also join the bandwagon now:

Quoting auslanco
Every Monday since mid August, almost everyone including myself on this thread is predicting "that" big fall. I will post this analysis only to have a balance view on this thread.

Technical:
According to my strategy.. Daily charts are still very much bullish. 4hr tested the 200SMA once and as myself and lilmoe predicted it bounced back . Now the price is sitting on a deciding level.. Downward break from the current level will confirm a further fall.However to break 219 area daily QQE has to cross down.On the other hand if the price re-test the 200 sma, not only it will break that level, It will also limit any further bearish rallies towards 220 area and the price will be on it's way to 251+.

Fundamental..
Just early last week we heard on bloomberg , the stability of the financial markets and how investors are getting back in to the carry trades. Late last week, there were fresh news on how the UK is gradually falling into this this subprime "hole" and also the political uncertainty in Japan. At the same time hang seng index rose to all time high's, better than expected economic releases from the US and continues pitching's by world central bank leaders that there wont be a market crash like we saw on previous times. I must agree with Markam that things do not look good fundamentally. But when this big fall going to happen .. we don't know yet.

However I hope every intra-day trader should have a balance view on the market rather than getting married to this bearish mentality.

My strategy is clear and simple..as most of the traders here I'm an intraday trader. I take things as it comes, one trade at a time. I solely depend on my indicators. I have got a sell signal on my 4hr /1hr strategy on Friday with a profit target of 229.16. I'm looking to go short at a suitable price on Monday.
Attached Image (click to enlarge)
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  • #30,985
  • Sep 21, 2007 7:52am Sep 21, 2007 7:52am
Quoting privatefr
Karmo are you still short?

Do you have private lessons of PATIENT???



Pepe
Looking for around 228.21 to make triple bottom on 4h chart.
  • #30,986
  • Sep 21, 2007 7:54am Sep 21, 2007 7:54am
Quoting privatefr
Karmo are you still short?

Do you have private lessons of PATIENT???



Pepe
I closed it for a small loss when I said that 4hr momentum is still bullish and that it can go up to 233.60/234.10
Trade what you see, not what you think.
  • #30,987
  • Sep 21, 2007 7:58am Sep 21, 2007 7:58am
Quoting auslanco
Hey.. I also predicted something like that last weekend.. I will also join the bandwagon now:

lol, yea, but the thing that really messed up my predictions was the huge regection of the 200ema 2 times in a row! the first bounce was 600 pips and the second was 400 pips. we are currently in the 3rd test. and i guess this will be it. i lost a total of 200 pips this week, OUCH, i made up most of it, and currently in profit (hopefully stays that way). i'm really bad at scalping : i guess i need lessons from Hakuna.

only one difference between my prediction and yours i use 200EMA not SMA, i think it's way more reliable on bigger timeframes. check out august 8-9 when 200ema was tested... i've also added a chart way back i think it was a 1-2 weeks ago. too lazy to dig it up again...really, check it out, it's way more reliable than 200sma when it comes to major trend reversals.
  • #30,988
  • Sep 21, 2007 8:04am Sep 21, 2007 8:04am
Quoting moneymagnet
this is the chart i posted earlier (post 2054) and it looks like it is playing out. i am looking to buy a dip at the mt4 lsr line(currently at 232.05ish) down to the 50 ema (231.77ish) on the 15 min tf with a target of 233.60ish.i need to make up for my earlier short losses . i plan to re enter short between 233.60 and 234.10 if the set up presents itself. i expect the top of the trendline/channel to hold (at least for today). if we hold that line through tuesday i expect to see the bottom of the channel by the end of next week and hopefully a all out wave 5 compulsive move the following week. but if we get a close above the trendline/channel top........look out!
my strategy now is to short at the top of this trendline/channel top since we didnt get the pull back. i will use aus' 15min strategy for confirmation becuz it could bust straight through top.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #30,989
  • Sep 21, 2007 8:05am Sep 21, 2007 8:05am
Quoting lilmoe
lol, yea,.
Agreed.. 200EMA is better..I changed mine.. If your bloody 200ema is not broken this time I will come looking for ya If 251 is not reached before the December 31st I will go looking for Karmo
  • #30,990
  • Sep 21, 2007 8:06am Sep 21, 2007 8:06am
Quoting moneymagnet
my strategy now is to short at the top of this trendline/channel top since we didnt get the pull back. i will use aus' 15min strategy for confirmation becuz it could bust straight through top.
If I may ask, what part of it? We have a short signal on 15min qqe 1 and qqe5, are you waiting for qqe 60 to cross over?
  • #30,991
  • Sep 21, 2007 8:06am Sep 21, 2007 8:06am
Quoting moneymagnet
my strategy now is to short at the top of this trendline/channel top since we didnt get the pull back. i will use aus' 15min strategy for confirmation becuz it could bust straight through top.
you're reading my mind
Trade what you see, not what you think.
  • #30,992
  • Sep 21, 2007 8:06am Sep 21, 2007 8:06am
I closed all longs and will wait for a larger pullback or maybe take the rest of the day off since it is fri.
  • #30,993
  • Sep 21, 2007 8:08am Sep 21, 2007 8:08am
Quoting auslanco
Agreed.. 200EMA is better..I changed mine.. If your bloody 200ema is not broken this time I will come looking for ya If 251 is not reached before the December 31st I will go looking for Karmo

he will have that lambo, its going to be pretty hard to catch him
  • #30,994
  • Sep 21, 2007 8:12am Sep 21, 2007 8:12am
Quoting auslanco
Agreed.. 200EMA is better..I changed mine.. If your bloody 200ema is not broken this time I will come looking for ya If 251 is not reached before the December 31st I will go looking for Karmo


catch me if you can!!

lolll, i really an feel the heat coming out of your head, cuz i said your stop loss will be reached yesturday!!!!
Joking:
  • #30,995
  • Sep 21, 2007 8:12am Sep 21, 2007 8:12am
Quoting egutie6970
he will have that lambo, its going to be pretty hard to catch him
Thats all right , I will go there with my little scooter gang and surround him.
  • #30,996
  • Sep 21, 2007 8:13am Sep 21, 2007 8:13am
Quoting lepiricus
If I may ask, what part of it? We have a short signal on 15min qqe 1 and qqe5, are you waiting for qqe 60 to cross over?
sorry for the delay iam driving. but the qqe 60
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #30,997
  • Sep 21, 2007 8:14am Sep 21, 2007 8:14am
Quoting auslanco
Thats all right , I will go there with my little scooter gang and surround him.
be careful, karmo might have explosives around his waist
Trade what you see, not what you think.
  • #30,998
  • Sep 21, 2007 8:15am Sep 21, 2007 8:15am
Quoting auslanco
Thats all right , I will go there with my little scooter gang and surround him.
  • #30,999
  • Edited 8:26am Sep 21, 2007 8:16am | Edited 8:26am
trendlines are wonderful and fibs are excellent, thanks to karmo, its been a wonderful day today..from Monday i will post some charts with trendlines and Fibs with my opionion of what would be price action for that week.
a 4hr chart below,
my target for today is 234.05 . Long from 232.60
closing my long now, feel that the trendline may hold, will see for a good short entry once its confirmed on Aus 15m setup
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 31 KB
  • #31,000
  • Sep 21, 2007 8:19am Sep 21, 2007 8:19am
Now this is a busy thread. Another 100 pages in 24 hours.
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