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

  • #47,121
  • Nov 2, 2007 8:16am Nov 2, 2007 8:16am
Quoting 4x4life
Excuse me for this off topic...
As far as I am a newbie - what is INMO and IMO?
Thanks in advance
IMO = In My Opinion
Trade what you see, not what you think.
  • #47,122
  • Nov 2, 2007 8:17am Nov 2, 2007 8:17am
Quoting Zoran
I'll be loading up my shorts around 240.95 (88.6 level) for possibly the last ride down. Not sure how far it will go though.
don't read my mind now zoran
Trade what you see, not what you think.
  • #47,123
  • Nov 2, 2007 8:18am Nov 2, 2007 8:18am
İMO İn My Opinion .... I dont know İNMO too
  • #47,124
  • Nov 2, 2007 8:18am Nov 2, 2007 8:18am
Quoting el grande
Gene22,
I was just kidding. I apologize. if you took the time to check my thread, I regularly update it with my EW Count starting even on the monthly charts. I believe that (even for me) like you, I want to know where I am coming from. But for me to post all the charts I work on specifically for GBPJPY and POST them here, I would be cluttering Auslanco's thread with my charts. Believe me, you can not imagine how many charts I work with studying EW counts even for just 1 pair.

Not all of it will always be right. And I admit to that from the beginning. EW to me is working on probabilities and increasing my chances.

To further enhance my analysie, I also supplement it with various other systems. You will find out in my thread.

But I actually do not recommend to others what I am doing. It is justway too much. Auslanco's system is AWESOME because of its Precision and its Simplicity. Moreso because he takes time to teach us his methodology.

I have stuck to EW because I like the challenge while I still get to study and learn Auslanco's System. I have great admiration for the generous Gurus here who take time to share and teach.

I would do the same for my EW counts. But honestly, I am sure not many would want to do that because of its complexity.

Anyway, if you want proof, you can check my thread in the Discussion Section. You will see how I have done thru the months I started using EW.

By the way, 245 -247 is still along way to go. If you took time to understand what I wrote, there was a suggested route for price as the "expected way to go" before reaching that 245-247 levels.

Those possibilities are still far off and things can still change along the way.

EG
I will check out your analyses now, but again if you are posting INMO do not through around numbers that are not probable, at least at the moment, do you have the count on your sight that I was reffering to, if so could you point me to it so I can read it, thank you
  • #47,125
  • Nov 2, 2007 8:19am Nov 2, 2007 8:19am
Is the last 3 candles formation considered a pin bar?
Attached Image (click to enlarge)
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  • #47,126
  • Nov 2, 2007 8:19am Nov 2, 2007 8:19am
Quoting karmostaji
Hi markam,

DOW up first then down? or what scenario are we going to get today..

Fed won't cut rates anymore this year it seems, dow selloff? or they're just greedy and keep pushing it higher.

I think today will likely be a straight bull run. However, if I am right that the US is already deep into recession, then bogus government numbers aren't going to prop things up for very long. We shall just have to see.
  • #47,127
  • Nov 2, 2007 8:22am Nov 2, 2007 8:22am
Quoting karmostaji
no, it's Friday and DOW is about to open.. this pair gets a disease when DOW opens so just be careful.
Hey Karmo, I warned you yesterday ... to not be greedy, did you close your short yesterday? I hope you did and got good profit bro ..

By the way, I think INMO = In No of My Opinion http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon10.gif
  • #47,128
  • Nov 2, 2007 8:23am Nov 2, 2007 8:23am
Quoting markam
I find it very interesting that when it becomes obvious that the feds can't cut the rate any more without collapsing the dollar, and the stock market is in danger of crashing, you get this magically delicious employment report to prop up the market.
Watch the revisions next month. Or maybe that number includes illegals.
Patience + Humility + Study = Success
  • #47,129
  • Nov 2, 2007 8:24am Nov 2, 2007 8:24am
Quoting mktjong
Hey Karmo, I warned you yesterday ... to not be greedy, did you close your short yesterday? I hope you did and got good profit bro ..

By the way, I think INMO = In No of My Opinion http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon10.gif
I did close some, thanks for the warning bro , LOL @ INMO
Trade what you see, not what you think.
  • #47,130
  • Nov 2, 2007 8:26am Nov 2, 2007 8:26am
Quoting karmostaji
IMO = In My Opinion
OK.
I thought it was some fundamental stuff. Well, it still is - from your point of view it must be the most fundamental thing, right?

Thanks again, Karm.
Learn Hard, Not The "hard way" !
  • #47,131
  • Nov 2, 2007 8:28am Nov 2, 2007 8:28am
Quoting DutchTrader
Watch the revisions next month. Or maybe that number includes illegals.
I think NFP numbers today were rigged,...
Can't wait for the revisions next month,...
  • #47,132
  • Nov 2, 2007 8:39am Nov 2, 2007 8:39am
Interesting scenario today markam.. although I think the markets could head lower. Strong payroll report is all good but there are still underlying losses reported by companies.. downgrades, oil, etc.. going on.

And that whole 'strong job growth = no more rate cut.. oh noooo' drama might pull it down too.
  • #47,133
  • Nov 2, 2007 8:40am Nov 2, 2007 8:40am
Quoting plicksboy
I think NFP numbers today were rigged,...
Can't wait for the revisions next month,...
I feel like they are rigged every time!
  • #47,134
  • Nov 2, 2007 8:42am Nov 2, 2007 8:42am
Quoting VishalJ
Interesting scenario today markam.. although I think the markets could head lower. Strong payroll report is all good but there are still underlying losses reported by companies.. downgrades, oil, etc.. going on.

And that whole 'strong job growth = no more rate cut.. oh noooo' drama might pull it down too.

Definitely an interesting open reaction.
  • #47,135
  • Nov 2, 2007 8:46am Nov 2, 2007 8:46am
At the end of the day the NFP is only a survey.

Donagh
The more I wait the more I make
  • #47,136
  • Nov 2, 2007 8:47am Nov 2, 2007 8:47am
Quoting ovaforty
Is the last 3 candles formation considered a pin bar?
No, it's not a pin bar, read more on:

http://www.forexfactory.com/showthread.php?t=6721
  • #47,137
  • Nov 2, 2007 8:49am Nov 2, 2007 8:49am
El Grande I went to your thread, I don't see a count from the 251 wave down, perhaps I missed it please point it out to me. I see your analyses, a word of advise, start with a bigger time frame and go down, 1 min works, but there is so much noise, you can trade off of ew alone but you need to have the true count from the higher time frames first in the back of your head always, in any case, either point me to the place where I can see the count or post the chart here, as it will give us a bigger picture prespective.
Overall you have the right idea, but your approach is lacking discipline and conviction, and a trader without conviction is like boat without it's captain, it will manage to find a reef one day and drown. I read a few posts from today, hence the advise. I still want to see the count, once you post it, I'll tell you why, guaranteed to improve your thinking marginally.
  • #47,138
  • Nov 2, 2007 8:49am Nov 2, 2007 8:49am
Quoting VishalJ
I feel like they are rigged every time!
Yup that is why i dont trade the news,...
They are very unfair,...
I dont see G/J breaking 240.50 today cause U/J targeting 114.60 again,...
  • #47,139
  • Nov 2, 2007 8:51am Nov 2, 2007 8:51am
when dow will open ?
  • #47,140
  • Nov 2, 2007 8:52am Nov 2, 2007 8:52am
I don't there are going to be any GJ highs tested today.
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