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

  • #50,861
  • Nov 19, 2007 9:48am Nov 19, 2007 9:48am
Anyone know where Karmo is? Looks like he still counting his money from one of his best day in FOREX. Probably chilling at the PALMS resort. Deserves it!
  • #50,862
  • Nov 19, 2007 9:53am Nov 19, 2007 9:53am
Quoting my2buoys
I posted a couple of Weekly charts near the end of last week showing this neckline on the Weekly head and shoulders pattern. This neckline was drawn using a line chart as opposed to candles, but I am showing both charts with the line. 225.90 is the key support. Technically, because this pattern appears on a Weekly, we are looking for a Weekly close beneath it for confirmation of a break. However, there should be ample opportunities to scale in on lower TFs. We have already seen a couple of Daily closes beneath this line and a number of 4H closes beneath it as well. It has held up through two direct attacks already, which shows more clearly on the Daily and 4H charts. The next direct attack should break through. Consolidation, and possibly some more upward movement, might be necessary to bring some of the TFs out of OS status and also to pick up some more sellers to help it break through this barrier at 225.90.

M2B
I have being waiting for the break for last four weeks....but it ain't happening soonner ..may be the next one is a possibility....i went with a separate thread on the H&S pattern...the problem is too many PPT and goverment manupulators at work
  • #50,863
  • Nov 19, 2007 9:58am Nov 19, 2007 9:58am
Quoting fxstman
Hi Islander,

I'm using VT, do you know where there might be more indicators for VT? something like for pivot points, etc... that have not been listed on aus's web site.

Thank you,

John
vt trader already has pivot point indicators (daily & weekly)
  • #50,864
  • Nov 19, 2007 10:01am Nov 19, 2007 10:01am
Quoting DaddyWarbuck
vt trader already has pivot point indicators (daily & weekly)
thank you DW!
  • #50,865
  • Nov 19, 2007 10:03am Nov 19, 2007 10:03am
Quoting vinesh2
Anyone know where Karmo is? Looks like he still counting his money from one of his best day in FOREX. Probably chilling at the PALMS resort. Deserves it!
Karmo is enjoying life
Trade what you see, not what you think.
  • #50,866
  • Nov 19, 2007 10:07am Nov 19, 2007 10:07am
Anyone more experienced with Aus' 15 min strategy confirm the signal?

QQE 60 crossed down
Below daily pivot and 100sma
QQE 5 and 1 are below 50 line
MOM on 15min and 1 hr are pointing down

Thanks, trying to learn.
  • #50,867
  • Nov 19, 2007 10:09am Nov 19, 2007 10:09am
Quoting my2buoys
I posted a couple of Weekly charts near the end of last week showing this neckline on the Weekly head and shoulders pattern. This neckline was drawn using a line chart as opposed to candles, but I am showing both charts with the line. 225.90 is the key support. Technically, because this pattern appears on a Weekly, we are looking for a Weekly close beneath it for confirmation of a break. However, there should be ample opportunities to scale in on lower TFs. We have already seen a couple of Daily closes beneath this line and a number of 4H closes beneath it as well. It has held up through two direct attacks already, which shows more clearly on the Daily and 4H charts. The next direct attack should break through. Consolidation, and possibly some more upward movement, might be necessary to bring some of the TFs out of OS status and also to pick up some more sellers to help it break through this barrier at 225.90.

M2B
look like the break it happen i will wait to the one hour candle to close on that break and then i will be sure that downfall is coming what you think m2b
  • #50,868
  • Nov 19, 2007 10:11am Nov 19, 2007 10:11am
Whasss up Karmo! Bro you sure are living it up. Are you trading or just chilling on the beach
  • #50,869
  • Nov 19, 2007 10:17am Nov 19, 2007 10:17am
The dow bounced off 13000. Unless we can break below that level, this will be it for GJ. With the holiday coming, I am not sure the market will drop below 13K.
  • #50,870
  • Nov 19, 2007 10:23am Nov 19, 2007 10:23am
Quoting fxstman
Hi Islander,

I'm using VT, do you know where there might be more indicators for VT? something like for pivot points, etc... that have not been listed on aus's web site.

Thank you,

John
No, I only use MT4 for charts - its so easy to get from dozens of brokers for free.
Trading Levels with WRBs
  • #50,871
  • Nov 19, 2007 10:32am Nov 19, 2007 10:32am
Darn it , closed my short too early as I didnt have my pivots on the chart I was using....it turned at its D S1 to the pip!

Now if the Dow holds > 13,000 that will keep UJ > 110 and with GU flat around its 500 level there could be a nice bounce...
Trading Levels with WRBs
  • #50,872
  • Nov 19, 2007 10:34am Nov 19, 2007 10:34am
Quoting markam
The dow bounced off 13000. Unless we can break below that level, this will be it for GJ. With the holiday coming, I am not sure the market will drop below 13K.
Is it not the case that historically stocks have a tendency to rise before the Thanksgiving Holiday? If this is the case and the relationship between Dow and GBPJPY holds, we may not go much lower until at least next week.
  • #50,873
  • Edited 10:42am Nov 19, 2007 10:38am | Edited 10:42am
Quoting birdt
Is it not the case that historically stocks have a tendency to rise before the Thanksgiving Holiday? If this is the case and the relationship between Dow and GBPJPY holds, we may not go much lower until at least next week.
Historically, yes (stocks going up) but since with so much uncertainty / volatility in the market place, this year might be different.
Humble Lifetime Member
  • #50,874
  • Nov 19, 2007 10:43am Nov 19, 2007 10:43am
Quoting Ash
Historically, yes but since with so much uncertainty / volatility in the market place, this year might be different.
What do you think guys?There is a still some chances to see some bulls?
Work smart not hard
  • #50,875
  • Nov 19, 2007 10:47am Nov 19, 2007 10:47am
and gold dropped almost $60+ from the top..

bro, what's your outlook for the rest of the year, and 2008?


Quoting markam
The dow bounced off 13000. Unless we can break below that level, this will be it for GJ. With the holiday coming, I am not sure the market will drop below 13K.
  • #50,876
  • Edited 10:53am Nov 19, 2007 10:47am | Edited 10:53am
Quoting sony
What do you think guys?There is a still some chances to see some bulls?
, not unless it's a crazy bull on a suicide mission who wants to be turned into thanksgiving dinner.
Humble Lifetime Member
  • #50,877
  • Nov 19, 2007 10:47am Nov 19, 2007 10:47am
Quoting birdt
Is it not the case that historically stocks have a tendency to rise before the Thanksgiving Holiday? If this is the case and the relationship between Dow and GBPJPY holds, we may not go much lower until at least next week.
Just remember that the dollar got hammered last year during thanksgiving.
  • #50,878
  • Nov 19, 2007 10:48am Nov 19, 2007 10:48am
Quoting vinesh2
Whasss up Karmo! Bro you sure are living it up. Are you trading or just chilling on the beach
Both
Trade what you see, not what you think.
  • #50,879
  • Nov 19, 2007 10:52am Nov 19, 2007 10:52am
Quoting intelmaster
and gold dropped almost $60+ from the top..

bro, what's your outlook for the rest of the year, and 2008?
I was expecting a market crash by thanksgiving. I have pushed that back (obviously) to no later than the first quarter of next year.

The 1000 point drop in the dow over that last couple of weeks is nowhere near a crash. We should be down to between 10 and 11,000 by sometime early next year.
  • #50,880
  • Nov 19, 2007 10:54am Nov 19, 2007 10:54am
Quoting markam
I was expecting a market crash by thanksgiving. I have pushed that back (obviously) to no later than the first quarter of next year.

The 1000 point drop in the dow over that last couple of weeks is nowhere near a crash. We should be down to between 10 and 11,000 by sometime early next year.
I was expecting the same. Had they not changed the accounting rules, we probably might have seen it by now.
Humble Lifetime Member
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