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

  • #44,081
  • Oct 24, 2007 1:52pm Oct 24, 2007 1:52pm
Quoting karmostaji
click on my screen name and read my last several posts, you'll find the answer.
Thx,
  • #44,082
  • Oct 24, 2007 2:19pm Oct 24, 2007 2:19pm
New momentum on daily bar (VT platform) is bullish, my targets should be reached today.

Lots of pips to be made, lots of money to be made, all I need now is patience.
Trade what you see, not what you think.
  • #44,083
  • Oct 24, 2007 2:22pm Oct 24, 2007 2:22pm
Quoting karmostaji
1st target (235.50) should arrive in a couple of hours
Is there going to be a drop at least to the 233 level before it reaches 235?
  • #44,084
  • Oct 24, 2007 2:24pm Oct 24, 2007 2:24pm
Quoting Adwa
Is there going to be a drop at least to the 233 level before it reaches 235?
I don't see it but it could retrace a little before resuming, watch the 5sma's on different TF's
Trade what you see, not what you think.
  • #44,085
  • Oct 24, 2007 2:25pm Oct 24, 2007 2:25pm
Alright, thanks Karmostaji
  • #44,086
  • Oct 24, 2007 2:27pm Oct 24, 2007 2:27pm
look we have a reversal candle on tf 4 H ....can someone confirm it ..maybe this is the sign price can go up higher 235-236
  • #44,087
  • Oct 24, 2007 2:28pm Oct 24, 2007 2:28pm
Quoting mypip
look we have a reversal candle on tf 4 H ....can someone confirm it ..maybe this is the sign price can go up higher 235-236
can you post a chart please? brokers have different timings n I would like to see the 4h candle on your chart.
Trade what you see, not what you think.
  • #44,088
  • Oct 24, 2007 2:37pm Oct 24, 2007 2:37pm
Quoting karmostaji
can you post a chart please? brokers have different timings n I would like to see the 4h candle on your chart.
what u think kam..but 2 mom point down ..
maybe am wrong..
Attached Image (click to enlarge)
Click to Enlarge Name: candle.gif Size: 21 KB
  • #44,089
  • Oct 24, 2007 2:40pm Oct 24, 2007 2:40pm
karm I see all three 8 MoM pointing up....(goes upto 4GMT)
Success has a Thousand Fathers.
  • #44,090
  • Oct 24, 2007 2:41pm Oct 24, 2007 2:41pm
Quoting mypip
what u think kam..but 2 mom point down ..
maybe am wrong..
I like that bullish engulfing, I'm bullish for today and my targets are in my sig.

Off to bed now, be back later.
Trade what you see, not what you think.
  • #44,091
  • Oct 24, 2007 2:41pm Oct 24, 2007 2:41pm
Quoting kayman
karm I see all three 8 MoM pointing up....(goes upto 4GMT)
Thanks for info, make's me feel much better
Trade what you see, not what you think.
  • #44,092
  • Oct 24, 2007 2:44pm Oct 24, 2007 2:44pm
Hi Karm, your analyses are very accurate and timely, I even looked at several of your posts to get an update on the market myself, as was away most of the day and didn't have sufficent time to analyse the PA. However at this time I would like to provide a word of caution,as you are long, I'm posting a chart, with a possible scenario (this was taught to me some time ago) and even though it doesn't work out all the time(nothing does) it does tend to hit pretty often. Basically the price after a long move would retrace back to the 50% fib, than it would fall back either to the 23 or 38 fib, than rise again to the 50 or 60 fib of the secondary movee, (very rarely 78) and then continue in the main direction where it entered the original fib. I hope I'm making sense, it's difficult to explain, hopefully you'll be able to see what I'm saying on the chart. Keep up an excellent work.
P.S. Trade what you see, just trying to give you something usefull for the future, extra tool
  • #44,093
  • Oct 24, 2007 2:45pm Oct 24, 2007 2:45pm
If I learn anything during past two months on this forum, I see this baby going higher through Asian Session. Someone please confirm.

Thank you
Success has a Thousand Fathers.
  • #44,094
  • Oct 24, 2007 2:49pm Oct 24, 2007 2:49pm
For some reason can't upload the chart, tried 3 times, I hope you undersatnd what i was trying to explain
  • #44,095
  • Oct 24, 2007 2:53pm Oct 24, 2007 2:53pm
Quoting gene22
Hi Karm, your analyses are very accurate and timely, I even looked at several of your posts to get an update on the market myself, as was away most of the day and didn't have sufficent time to analyse the PA. However at this time I would like to provide a word of caution,as you are long, I'm posting a chart, with a possible scenario (this was taught to me some time ago) and even though it doesn't work out all the time(nothing does) it does tend to hit pretty often. Basically the price after a long move would retrace back to the 50% fib, than it would fall back either to the 23 or 38 fib, than rise again to the 50 or 60 fib of the secondary movee, (very rarely 78) and then continue in the main direction where it entered the original fib. I hope I'm making sense, it's difficult to explain, hopefully you'll be able to see what I'm saying on the chart. Keep up an excellent work.
P.S. Trade what you see, just trying to give you something usefull for the future, extra tool
Thanks for the info, I think I said something similar earlier.. I don't remember the post # but here's a small brief of what I said earlier.

Price fell from 240.64 to 230.26, retraced 50% (235.45), went back to 23.6% (232.71), and now I'm expecting it to go back up to either 50% or 61.8% (my targets for the longs), and then most probably a big fall and make a new low.
Trade what you see, not what you think.
  • #44,096
  • Oct 24, 2007 3:03pm Oct 24, 2007 3:03pm
Quoting karmostaji
Thanks for the info, I think I said something similar earlier.. I don't remember the post # but here's a small brief of what I said earlier.

Price fell from 240.64 to 230.26, retraced 50% (235.45), went back to 23.6% (232.71), and now I'm expecting it to go back up to either 50% or 61.8% (my targets for the longs), and then most probably a big fall and make a new low.
For my learning process, the geometrical result of this process must be the formation of a Wedge/triangle.....before a price break out whichever way.
Success has a Thousand Fathers.
  • #44,097
  • Oct 24, 2007 3:03pm Oct 24, 2007 3:03pm
Seems like bearish gartley reversal pattern could accor, C leg hits 50% retracment of AB leg. Gives D target (for reversal) between 236.76(61.8 retracement for X-A leg)-238.02. I saw Zoran draw this pattern not too long ago , not that I dare compare/steal (myself with) he's analyzes, just bringing it up again
Attached Image (click to enlarge)
Click to Enlarge Name: guppy1.gif Size: 32 KB
Measure twice, cut once
  • #44,098
  • Oct 24, 2007 3:05pm Oct 24, 2007 3:05pm
Quoting kayman
For my learning process, the geometrical result of this process must be the formation of a Wedge/triangle.....before a price break out whichever way.
http://img522.imageshack.us/img522/9113/gjeo8.gif
Trade what you see, not what you think.
  • #44,099
  • Oct 24, 2007 3:15pm Oct 24, 2007 3:15pm
Karm the retracement I was talking about is from the last mobe down 235.80-232.82, draw the fib, you'll see a bounce off the 50, basically we had a bounce off the 50 on the big move down,(on the way up) then off the 50 on the retracement, and now I expect to possibly move down as well, even though now, there is a wedge forming. In any case my point was to be carefull as it may come down a bit more, should INMO, before we'll go up, good luck
  • #44,100
  • Oct 24, 2007 3:18pm Oct 24, 2007 3:18pm
Quoting gene22
Karm the retracement I was talking about is from the last mobe down 235.80-232.82, draw the fib, you'll see a bounce off the 50, basically we had a bounce off the 50 on the big move down,(on the way up) then off the 50 on the retracement, and now I expect to possibly move down as well, even though now, there is a wedge forming. In any case my point was to be carefull as it may come down a bit more, should INMO, before we'll go up, good luck
yep I see that, 38.2 is supporting for now, if it holds then we'll go up from here otherwise it goes down to 233.50 and then up.
Trade what you see, not what you think.
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