DislikedI'd love for it to go there but it seems it might reverse from 38.2%, I'll remain short until I see things reversing.Ignored
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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #46,942
- Nov 2, 2007 1:17am Nov 2, 2007 1:17am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #46,945
- Nov 2, 2007 1:29am Nov 2, 2007 1:29am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #46,949
- Nov 2, 2007 1:53am Nov 2, 2007 1:53am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #46,954
- Nov 2, 2007 2:03am Nov 2, 2007 2:03am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
For those wondering if price will continue to go down or will it go up or just be on a retracement....
I would like to offer my view basedon what I think is based on EW Theory.
Basically, I think we are in a sideways expanding FLAT corrective wave 4.
so we saw price went down to 237.60 and reversing to the upside now.
See the 1st chart which is a 1min chart. it traces how I expect price to travel on my chart.
The second chart forecasts Price movement up to next week.
Because of the nature of the expanded FLAT Corrective wave that I expect this to be, I expect price to go up to the Levels of 242.23 up to 242.78 then come down again but going lower than previous low of 237.60 towards 235.53.
After which Price is expected to Rally North towards 245-247 to finish off the wave 3 up of a final bigger wave 5.
In other words, I am not expecting price to drop to HELL or even below previous low of 219.31.
NOT Yet at least. But these are just based on what I think my charts and the waves are showing me.
I can still be wrong.
I would like to thank Auslanco for allowing me to Post my current views on GBPJPY.
EG
WAVE4 CAN NOT EXCEED wave 2, do you remember reading that?
Yes we may go higher than this previous top, but no way in hell we'll we exceed 244.07, no way, nohow, impossible, I'll swallow my laptop if that happens, do you see what I'm trying to get across?
Now I'm not, by far an expert on EW, it is accurate, it is precize, but only for the few that now how to use it, and know the complete theory behind it. I use it for my own analyses but wouldn't dare posting a statement untill I KNEW, for a fact that I'm proficent and can read this thing in my sleep. I'm not there, so I'm not posting.
Why are you posting?! There is no reason to do an analyses that can not lead to a high probability setup, period. I don't trade for FUN, I trade and sweat to make money, my analyses are done not for kicks. By posting this here you are throughing people off that are honestly trying to learn, and can't possibly see through the crap that you just posted.
No offense, but these types of analyses are very counterproductive, as Aus would put it COWBOY, in my own words, sharlatan.
That's all, don't take it the wrong way, perhaps you do know, then post something that holds water, if not post something that makes sense, if not hit the books.
- #46,958
- Nov 2, 2007 2:11am Nov 2, 2007 2:11am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #46,959
- Nov 2, 2007 2:12am Nov 2, 2007 2:12am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
I'd love for it to go there but it seems it might reverse from 38.2%, I'll remain short until I see things reversing.
"I'll remain short until I see things reversing"
This made me tingly all over, way to go, read the charts, don't do assumptions, trade what you see not what you think.
Karm, thanks for brightning up my mood this morning, a very mature and intelligent TRADING DECISION.
