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

  • #40,561
  • Oct 16, 2007 1:21pm Oct 16, 2007 1:21pm
Man, that was nice of the market to give me that spike up so I could enter another short.
  • #40,562
  • Oct 16, 2007 1:22pm Oct 16, 2007 1:22pm
Quoting Zoran
In my opinion it needs to return to the neckline. I trade them on the break of the neckline and enter on the throwback.
K. Thanks! I always like to look at different views and approaches.
  • #40,563
  • Oct 16, 2007 1:23pm Oct 16, 2007 1:23pm
Here's what I see on the live DOW charts. Loaded is the 1hr, 4hr and day. It looks to me like it is not ready to stop just yet. Their are a couple of areas that could cause some discomfort. Is there going to be a retracement today? Wouldn't surprise me but I do believe it will continue south, for a bit, maybe rest of week. Charts are charts and they all rear the same, be it DOW GBP/JPY or any other. I do think Markam is right and I will ride the slid with him. I am still short, till it's not time to be. Take it for what it's worth. Sorry I took up so much space!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 hr.gif Size: 52 KB
Click to Enlarge Name: 4 hr.gif Size: 47 KB
Click to Enlarge Name: day hr.gif Size: 50 KB
  • #40,564
  • Oct 16, 2007 1:24pm Oct 16, 2007 1:24pm
Quoting Zoran
The right shoulder is not complete so there is potential there but it is not a perfect H&S like someone suggested. What happens if price continues up? In that case it never will be a H&S. Price needs to return to the NL before you can consider it one and then reach target to be perfect (in my opinion). We are no-where near that. What I normally do is put a "S?" on the right shoulder and then remove the ? when it forms.

Also, I am thinking price will bounce off 221 and then continue up to 247 so the NL will not be broken (but I could be wrong).

NL?

Looks like a pair of axilla (armpits) to me, but when it's all said and done
this beast's knuckles may be dragging the ground... to Markam's delight.

I think I'll pull out Gray's Anatomy and do a review.

Thanks again for the tutorials.

Dr. D.
  • #40,565
  • Oct 16, 2007 1:26pm Oct 16, 2007 1:26pm
Quoting ActioReactio
May I suggest that viewing this weekly chart in terms of a wolfe wave may give you a better picture.

Ho Ho Ho.....the last time anyone mentioned the words wolf wave in a thread - in FF I think - the big bad wolf spat out his dummy and cried "off-side" its not in my (expensive) forum and he asked Merlin to wave his magic wand and wipe the post clean away....lol what a spoil sport!

PS Thanks for the post, I must look up Chapter 15 of my Conners / Raschke book.
Trading Levels with WRBs
  • #40,566
  • Oct 16, 2007 1:30pm Oct 16, 2007 1:30pm
Dow just broke down my lower uptrend line...
  • #40,567
  • Oct 16, 2007 1:33pm Oct 16, 2007 1:33pm
Quoting Bernanke_Sr
Dow just broke down my lower uptrend line...
lol..ok..I got it . (I think) Not enuf sleep here. Trying to think..hmmmmmmm lower uptrendline. I know it means something but Im too tired.lol
Time for a nappy poo.
  • #40,568
  • Oct 16, 2007 1:34pm Oct 16, 2007 1:34pm
Quoting lhovan49
Here's what I see on the live DOW charts. Loaded is the 1hr, 4hr and day. It looks to me like it is not ready to stop just yet. Their are a couple of areas that could cause some discomfort. Is there going to be a retracement today? Wouldn't surprise me but I do believe it will continue south, for a bit, maybe rest of week. Charts are charts and they all rear the same, be it DOW GBP/JPY or any other. I do think Markam is right and I will ride the slid with him. I am still short, till it's not time to be. Take it for what it's worth. Sorry I took up so much space!

what do the red arrows mark on those charts?
  • #40,569
  • Oct 16, 2007 1:35pm Oct 16, 2007 1:35pm
heree ya gooo...

trend since aug 16th...
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 18 KB
  • #40,570
  • Oct 16, 2007 1:36pm Oct 16, 2007 1:36pm
Quoting Bernanke_Sr
Dow just broke down my lower uptrend line...
Lets see if it can get below 13900 and stay there.
  • #40,571
  • Oct 16, 2007 1:38pm Oct 16, 2007 1:38pm
Quoting markam
Lets see if it can get below 13900 and stay there.
a break of 13873 would be fantastic... but doubt it would happen today.
  • #40,572
  • Oct 16, 2007 1:40pm Oct 16, 2007 1:40pm
Just the fresh crosses
  • #40,573
  • Oct 16, 2007 1:49pm Oct 16, 2007 1:49pm
although i still truly believe in the short side...

the pair has NO clue what its doing... NO CLUE at all...
  • #40,574
  • Oct 16, 2007 1:59pm Oct 16, 2007 1:59pm
Quoting PipChick
Zoran,
Why is the rt shoulder not complete? Just curious...
Be careful. Some things aren't always what they appear to be.

Inserted Video
  • #40,575
  • Oct 16, 2007 2:07pm Oct 16, 2007 2:07pm
finally DOW is getting a good spank... Hope it goes on in this last hours

if the beast could have managed to close below 237 in the last hours close
we would be aroundf 236.50 because of DOW's fall.
  • #40,576
  • Oct 16, 2007 2:10pm Oct 16, 2007 2:10pm
dow is below 13900. A big drop in the last hour would be great for us bears.
  • #40,577
  • Oct 16, 2007 2:11pm Oct 16, 2007 2:11pm
Quoting Bernanke_Sr
finally DOW is getting a good spank... Hope it goes on in this last hours

if the beast could have managed to close below 237 in the last hours close
we would be aroundf 236.50 because of DOW's fall.
great minds obviously think alike
  • #40,578
  • Oct 16, 2007 2:12pm Oct 16, 2007 2:12pm
Quoting my2buoys
Be careful. Some things aren't always what they appear to be.

http://www.youtube.com/watch?v=nf91lvsqt5o
What a disappointment, she looked fit until it was a he.

Funny none-the-less!!
  • #40,579
  • Oct 16, 2007 2:13pm Oct 16, 2007 2:13pm
GJ barely moving, it wants to retrace so bad.. it will IMO after DOW closes
Trade what you see, not what you think.
  • #40,580
  • Oct 16, 2007 2:19pm Oct 16, 2007 2:19pm
Quoting karmostaji
GJ barely moving, it wants to retrace so bad.. it will IMO after DOW closes
You doing an entry short? I've got entry shorts put in at 237.50
Craazy
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