http://www.forexfactory.com/showthread.php?t=45076
Let's Pimp some Pips!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #47,281
- Nov 2, 2007 6:11pm Nov 2, 2007 6:11pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
Here is what I see .. please don't trade it blindly and I also have no positions open at the moment .. analysis just purely based on market sentiment and price point.
The pair would go up a bit more .. just a bit more and would not go greater than previous high around @240.30ish then it would drop down to around @237.50ish area. I hope it is right as am likely gonna trade it too next week if nothing spectacular happens in the week-end that might change the course. This is just my own prediction/speculation, I can surely be wrong. http://www.forexfactory.com/images/icons/icon10.gif
Cheers and good week-end every one.
I think it was Karm (I may be wrong) that said he would short GU and GJ.
Seems like the GU has been trying to break thru 2.0894 during the last few hours. Anyone have any comments on Cable?
May the Pips be with You Let's Pimp some Pips!
Let's Pimp some Pips!- #47,283
- Nov 2, 2007 8:00pm Nov 2, 2007 8:00pm
Hey dude, do you trade Cable too? Is the fall attributed because of the strong yen or weak pound?
I think it was Karm (I may be wrong) that said he would short GU and GJ.
Seems like the GU has been trying to break thru 2.0894 during the last few hours. Anyone have any comments on Cable?
The cable has basically ran up 600+ pips without looking back. I don't think its going to crack 2.0900 or certainly 2.1000 without a significant retrace. The 2.1000 resistance is especially from a psychological stance.
I have it shorted from 2.0800 but if you say Karmo has a short on it as well, that makes me feel a little better
.A 50% retrace from the move up will put it about 2.0575 if/when we get a retrace next week.
- #47,284
- Nov 2, 2007 9:39pm Nov 2, 2007 9:39pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Hey dude, do you trade Cable too? Is the fall attributed because of the strong yen or weak pound?
I think it was Karm (I may be wrong) that said he would short GU and GJ.
Seems like the GU has been trying to break thru 2.0894 during the last few hours. Anyone have any comments on Cable?
Neither of those regarding weak pound and strong yen. In fact, cable is very strong and G/U pair would top 2.10 perhaps next week.
Regarding G/J pair, traders are just paring long holdings
- #47,287
- Edited 11:35pm Nov 2, 2007 11:07pm | Edited 11:35pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #47,288
- Nov 2, 2007 11:09pm Nov 2, 2007 11:09pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #47,290
- Nov 2, 2007 11:23pm Nov 2, 2007 11:23pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #47,292
- Nov 2, 2007 11:32pm Nov 2, 2007 11:32pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #47,294
- Nov 2, 2007 11:38pm Nov 2, 2007 11:38pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Hi Auslanco
Just want to register my thanks. made a lot of pips off your teachings last week, currently on a open short position @ 239.75. Definitely hopes your predictions come thru.
Thanks and keep up the Good work
God bless
Thanks peterinforex,
Glad to hear you made good pips . Well done.
We still dont know how accurate this spike is.
- #47,296
- Nov 3, 2007 12:13am Nov 3, 2007 12:13am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
Thanks peterinforex,
Glad to hear you made good pips . Well done.
Live rates at 2007.11.03 07:11:17 UTC is 239.946
From http://www.xe.com/ucc
- #47,297
- Edited 3:27am Nov 3, 2007 12:22am | Edited 3:27am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
El Grande, I think I was nice when I asked for a chart showing a count from 251, I don't get something here, are you deff, or just plain ignorant, show me your count from 251, I would really love to see the evidence of me being wrong, for once it'll save me a whole bunc of money, as I"M short, for many, many reasons. If you show me a chart with a count from 251 and it makes sense with the current situation, I'll have to reconsider my positions. If I do close them, they are in profit anyhow, I'll give you 1% from the profit, trust me it'll pay for a nice vacation. Show me a chart with a count from 251, I want to feel like an idiot for being wrong and say thank you, please do I need to beg?!
If you do not have the patience to go thru my thread as a courtesy before asking (even after I have mentioned it was in my thread) then do not expect me to kiss your A_ _ and give you instantly what you ask for. Stop acting like an arrogant brat.
But again I will live up to a challenge and present my charts from the monthly down to the 1 minute chart in my own time.
You can find the most recent charts on page 67 of my thread starting on Post # 1005.
There are some details on why I chose those labels and I provided alternatives then backed up my decisions on why I chose a particular set up from among the rest of the potential set ups for that wave count. Found on page 59 starting on Post # 879. So do not accuse me of just labelling my waves without basis.
You can find all these direct links under my signature.
I only presented my view here last Friday just so people will have an EW Perspective as to how we see the market moving despite the news. It is true that the NEWS moves the market. But EW rocks based on my experience as it helps you see potential set ups ( alternatives / options ) prior to the outcome of the news.
With proper money management, You get to protect your capital. and if you are lucky, you can earn despite the spikes and the whipsaws. And if you are more than blessed, you can profit from each spike and whipsaw that happens.
I had no intention of just barging here and strut my way around. I was merely trying to provide a different perspective.
I apologize to Auslanco for having caused this in his thread. I will keep my EW analysis in my thread and where thistype of analysis is welcomed by topic/thread followers.
Again I apologize.
EG
