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

  • #48,161
  • Nov 6, 2007 2:58pm Nov 6, 2007 2:58pm
Please disregard my last post, as I was busy looking at something else, and after reading the last post and seeing that it was wrong, posted a possibility, my mind was somewhere else. It is not a wolf wave! I appologize, stupid mistake
  • #48,162
  • Nov 6, 2007 3:06pm Nov 6, 2007 3:06pm
Quoting Zoran
OK, but if we are heading for economic meltdown and as markam would put it, the collapse of civilisation, why would hard gold, precious stones, etc... be of any value?
Extreme example: You have a stash of a few hundred gold coins and some diamonds in a secret place (safe, cache, etc.) and we have a third world war or whatever really catastrophic. You can burn your account statetments and all kind of papermoney to stay warm, but you can still buy food, security, meds and travelling with physcial gold and diamonds.
  • #48,163
  • Nov 6, 2007 3:09pm Nov 6, 2007 3:09pm
Just a quick post.

The weekly pivot and channel centre line turned out to be good support.

We are now approaching an area of resistance 239.3-239.6, R1 is at 239.53, and we have declining trend line to break.

A point of note is that we had reasonably large volume at todays support level and yesterdays support level (yellow daily T/L).

This looks hopefull for continued longs IMO with 241 being a reasonable target in the short term (not forgetting the good old 240 level).

Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1194382807
  • #48,164
  • Nov 6, 2007 3:10pm Nov 6, 2007 3:10pm
Quoting gene22
Please disregard my last post, as I was busy looking at something else, and after reading the last post and seeing that it was wrong, posted a possibility, my mind was somewhere else. It is not a wolf wave! I appologize, stupid mistake
It seems to me that you've forgotten more about technical analysis than I ever knew Gene. I'm eating up your posts. How fun to look forward to the next couple weeks and see how things unfold!!!

The wolf wave you showed is perfect except the trendline needs to go from 1 to the high pivot between points 2 and 4 which will be point 3. The point is there the trendline just isn't sitting on it. 5 is just the prices as they rise above the 1 to 3 trend line. The form of the whole set up is exact and so is your projection. Its a powerful set up especially on high time frames.
  • #48,165
  • Nov 6, 2007 3:11pm Nov 6, 2007 3:11pm
Quoting markam
Since the start of cities and agriculture, gold has been valued and considered the ultimate form of wealth. Unless we go back to being hunter/gatherers, I am not worried about gold losing its value.

Gene, I wouldn't hold diamonds. They are the ultimate luxury item, and have only retained value because debeers had pulled millions of carats worth of diamonds out of the market to create artificial scarcity. A diamond should really be worth only about $100/carat at most.
Sure, but what good would it be? Would you pay people in gold to polish your shoes?

I'd be more inclined to buy a nice piece of fertile land with a clear stream of spring water running through it - full with some nice breed of stock and a huge vegetable patch. Perhaps the workers will accept a few of my worthless pounds sterling as payment?
  • #48,166
  • Nov 6, 2007 3:13pm Nov 6, 2007 3:13pm
Quoting Poocher
Attachment Attachment

Here's the Woof I see on the four hour:
These can be anything but wolf, by definition they can not be wolf,
  • #48,167
  • Nov 6, 2007 3:17pm Nov 6, 2007 3:17pm
Quoting markam
I hate when the market manipulators decide to pump up the stock market at the end of the day.
Well, this action just may be natural... I'm still waiting for my targets to enter short and we are not that far away now - maybe tomorrow?

It is just a waiting game and Karmo's patience pills have worked well. Someone should mass produce them.

Link to my last piece of analysis below.

http://www.forexfactory.com/showthre...31#post1698031
  • #48,168
  • Nov 6, 2007 3:20pm Nov 6, 2007 3:20pm
Quoting fukinagashi
Extreme example: You have a stash of a few hundred gold coins and some diamonds in a secret place (safe, cache, etc.) and we have a third world war or whatever really catastrophic. You can burn your account statetments and all kind of papermoney to stay warm, but you can still buy food, security, meds and travelling with physcial gold and diamonds.
When a big catastrophe happens, people don't want gold or diamonds, but food, water, wood and drugs.

I would plant tobacco, cannabis and vegetables and have some cattle.
Those things will be worth something.
  • #48,169
  • Nov 6, 2007 3:28pm Nov 6, 2007 3:28pm
Quoting Poocher
It seems to me that you've forgotten more about technical analysis than I ever knew Gene. I'm eating up your posts. How fun to look forward to the next couple weeks and see how things unfold!!!

The wolf wave you showed is perfect except the trendline needs to go from 1 to the high pivot between points 2 and 4 which will be point 3. The point is there the trendline just isn't sitting on it. 5 is just the prices as they rise above the 1 to 3 trend line. The form of the whole set up is exact and so is your projection. Its a powerful set up especially on high time frames.
I'm attaching some rules, read them, you'll see what I mean, I'm not a big practicioner of wolf, knew it for some time, just came back to it on a more serious level
Attached File(s)
File Type: pdf WolfeWave System.pdf   281 KB | 1,189 downloads
  • #48,170
  • Nov 6, 2007 3:29pm Nov 6, 2007 3:29pm
I've been following this thread for quite a long time now and I am wondering if anyone has come across a MTF (Multi-Time Frame) Momentum Indicator? Naturally the desire being to have some longer time frame Momentum readings on a shorter time frame chart. Searches have not turned up much of anything, anyone with a secret stash of indicators?

Thanks
  • #48,171
  • Nov 6, 2007 3:31pm Nov 6, 2007 3:31pm
is everyone short in here??
  • #48,172
  • Nov 6, 2007 3:32pm Nov 6, 2007 3:32pm
Quoting Hakuna Matata
is everyone short in here??
Just under 6 foot, how about you? I don't consider myself short.
  • #48,173
  • Nov 6, 2007 3:33pm Nov 6, 2007 3:33pm
Quoting Zoran
Just under 6 foot, how about you? I'd don't consider myself short.

u look short though
sure uve not shrunk ?
  • #48,174
  • Nov 6, 2007 3:36pm Nov 6, 2007 3:36pm
if this hr we close above 239.32 we chould head mcuh higher in my opinion

its still bullish to me
  • #48,175
  • Nov 6, 2007 3:37pm Nov 6, 2007 3:37pm
Quoting gene22
I'm attaching some rules, read them, you'll see what I mean, I'm not a big practicioner of wolf, knew it for some time, just came back to it on a more serious level
Sometimes they look just like a wedge and traded as such.
  • #48,176
  • Nov 6, 2007 3:39pm Nov 6, 2007 3:39pm
Quoting Zoran
Well, this action just may be natural... I'm still waiting for my targets to enter short and we are not that far away now - maybe tomorrow?

It is just a waiting game and Karmo's patience pills have worked well. Someone should mass produce them.

Link to my last piece of analysis below.

http://www.forexfactory.com/showthre...31#post1698031
Don't have a choice but to agree with you there, I'm running low on karmo's pateince pills though, it is really testing my patience, I have minor time points tomorrow and the next day coming up, overall still biased on the main fall starting next friday 16th.
As far as gold or diamonds, these all have intrinsic value, a bit of that combined with some land and cattle, and everything should be fantastic.
Markam, diamonds value had been inflated, but there are still a ton of money here, Russia I mean, and women are fascinated by them, the bigger, the better. Last weekend I saw this woman having a 40 carat studs in her ears and a 60 carat stud ring, I was a little speechless from the bling-bling.
  • #48,177
  • Nov 6, 2007 3:40pm Nov 6, 2007 3:40pm
Quoting Hakuna Matata
is everyone short in here??
I'm still long I've been long since 237.70 yesterday... looking to long more when G/J starts retracing in the early part of the new day
  • #48,178
  • Nov 6, 2007 3:40pm Nov 6, 2007 3:40pm
Quoting Hakuna Matata
if this hr we close above 239.32 we chould head mcuh higher in my opinion

its still bullish to me

actually more of a close above 239.55
  • #48,179
  • Nov 6, 2007 3:40pm Nov 6, 2007 3:40pm
Quoting Hakuna Matata
if this hr we close above 239.32 we chould head mcuh higher in my opinion

its still bullish to me
Could be.... I think a big move is due and I'm favouring south but it could be north. If 241 breaks then 244 and 247 are next I'd say. But I'd prefer 231 and 221 instead - more pips in it.
  • #48,180
  • Nov 6, 2007 3:41pm Nov 6, 2007 3:41pm
Quoting MoForce
I'm still long I've been long since 237.70 yesterday... looking to long more when G/J starts retracing in the early part of the new day
237.40 for me. Long and strong.
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