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

  • #56,701
  • Dec 30, 2007 7:45pm Dec 30, 2007 7:45pm
Quoting aediaz1
Btw 50% retrace of X-A leg is bat, 61.8% is Gartley
I need to study up on this. Learning is never done! lol
  • #56,702
  • Dec 30, 2007 8:02pm Dec 30, 2007 8:02pm
Quoting PipChick
I need to study up on this. Learning is never done! lol
Well, if I can help with something,I would like to pass on this excellent tutorial
about Fibonacci Gartley pattern. I found it (as a newb with patterns) very helpfull.

It's not too long and if you would like some inspiration, I could use this (new) knowledge right away with nice accuracy (if it wasn't just me being ultrasharp haha )
Attached File(s)
File Type: pdf Fibonacci Gartley Pattern Tutorial.pdf   161 KB | 1,835 downloads
Measure twice, cut once
  • #56,703
  • Dec 30, 2007 8:04pm Dec 30, 2007 8:04pm
Quoting aediaz1
Well, if I can help with something,I would like to pass on this excellent tutorial
about Fibonacci Gartley pattern. I found it (as a newb with patterns) very helpfull.

It's not too long and if you would like some inspiration, I could use this (new) knowledge right away with nice accuracy (if it wasn't just me being ultrasharp haha )
Excellent! TY aediaz1
  • #56,704
  • Dec 30, 2007 8:19pm Dec 30, 2007 8:19pm
Pattern tf 1H is failed(prz broken).Now I might be looking lower 222.76-83(AB=CD)/??221.85(future C gartley)

Thanks aediaz1,now If I have the time I shall learn the pdf posted..,thanks
  • #56,705
  • Dec 30, 2007 8:59pm Dec 30, 2007 8:59pm
When the Sudan doesn't even want our money, you know the dollar is doomed.

Sudan's Central Bank opts for euro


http://www.businessweek.com/ap/finan.../D8TQI9O00.htm
  • #56,706
  • Dec 30, 2007 9:59pm Dec 30, 2007 9:59pm
All,
I have not logged onto this thread for about a month. I thought it was done.
Well, I logged on tonite, and wow! it seems just like the good old days!
Good to see every body!
Happy New Year! and many Pips!
  • #56,707
  • Dec 30, 2007 10:45pm Dec 30, 2007 10:45pm
Quoting Mysticdiver
All,
I have not logged onto this thread for about a month. I thought it was done.
Well, I logged on tonite, and wow! it seems just like the good old days!
Good to see every body!
Happy New Year! and many Pips!

Hi Mystic, Welcome back. looks like you have changed your avatar. Very happy new year to you too.
  • #56,708
  • Edited 11:17pm Dec 30, 2007 11:08pm | Edited 11:17pm
I hope this could add some more data to pattern recognition.
The specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern. There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.

Chart should said EUR/JPY Not EUD/JPYsorry for that.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-JPY Gartley Pattern.png Size: 36 KB
Attached Image
  • #56,709
  • Dec 30, 2007 11:30pm Dec 30, 2007 11:30pm
agrre on ej on trend break see chart.... gj may follow..... lets see
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 26 KB
  • #56,710
  • Dec 31, 2007 12:14am Dec 31, 2007 12:14am
Quoting markam
Is there nothing you can't predict with your charts?

Congrats Karmo. I wish all the best to you.

And to everyone else, I hope that none of my predictions come true and that everyone has a wonderful and prosperous 2008. And if my predictions come true and civilization collapses, I hope that you all end up as the top warlord in your area.
And if that should occur just PM me before your power is cut off
and I can hook you up with a great non-electric water distiller
to purify your effluent water supply.

LOL

Dr. D.
  • #56,711
  • Dec 31, 2007 12:16am Dec 31, 2007 12:16am
just thought i'd post a monthly chart of GJ... it shows my Multiple time frame indicators and my slope indicator to identify trend.... I know the monthly isnt very useful in executing trades.... but thought i'd post it as it seems useful in that all indicators show that on monthly chart and multiple time frame we are in the red = down so..... I guess we should be looking for shorts this year.... anyone have a prediction for the price of the beast at end of 2008???? Karmo? Markam? LOL Good luck all!
Attached Image (click to enlarge)
Click to Enlarge Name: gj big picture.gif Size: 21 KB
  • #56,712
  • Dec 31, 2007 12:17am Dec 31, 2007 12:17am
Personally I think e/j is kinda risky to enter now for longs or shorts.

It could go back up 166s or head straight down to 162s.

I would prefer to short at around 166.50 though.
  • #56,713
  • Dec 31, 2007 12:22am Dec 31, 2007 12:22am
Quoting uncleforex
Personally I think e/j is kinda risky to enter now for longs or shorts.

It could go back up 166s or head straight down to 162s.

I would prefer to short at around 166.50 though.

could you explain why? i happen to love this short right now personally but what do I know..... everything tells me we in for a nice short trade..... to 163.46 or at least thereabouts.... according to Tom Demark system of broken supoet with confirmation....as in my chart above.... but feel free to convince me I am wrong???? As always I welcome you anaysis....
  • #56,714
  • Dec 31, 2007 12:25am Dec 31, 2007 12:25am
I might be looking down while still weighing
the correlative movements in the GU and UJ.

Which will be the driver?

Dr. D.
Attached Image
  • #56,715
  • Dec 31, 2007 12:25am Dec 31, 2007 12:25am
Quoting dagoods
could you explain why? i happen to love this short right now personally but what do I know..... everything tells me we in for a nice short trade..... to 163.46 or at least thereabouts.... according to Tom Demark system of broken supoet with confirmation....as in my chart above.... but feel free to convince me I am wrong???? As always I welcome you anaysis....
If you noticed, a few hours before friday's close, I called for e/j shorts but I chickened out and closed them at +1 before it really went down and hit my target.

If you dont have any trade on e/j then better dont enter. If you have shorts at higher price, keep them and set SL at profit.

I just think that pound might be getting stronger this week. So watch out.

Anyone thinks the same?
  • #56,716
  • Dec 31, 2007 12:28am Dec 31, 2007 12:28am
Quoting uncleforex
If you noticed, a few hours before friday's close, I called for e/j shorts but I chickened out and closed them at +1 before it really went down and hit my target.

If you dont have any trade on e/j then better dont enter. If you have shorts at higher price, keep them and set SL at profit.

I just think that pound might be getting stronger this week. So watch out.

Anyone thinks the same?

OK sometimes two great minds can simply disagree.... trade what you see.... good luck....
  • #56,717
  • Dec 31, 2007 12:50am Dec 31, 2007 12:50am
Quoting dagoods
OK sometimes two great minds can simply disagree.... trade what you see.... good luck....
i agree.. it is your own call to place a trade... I can be right or wrong.
  • #56,718
  • Dec 31, 2007 12:52am Dec 31, 2007 12:52am
Quoting uncleforex
If you noticed, a few hours before friday's close, I called for e/j shorts but I chickened out and closed them at +1 before it really went down and hit my target.

If you dont have any trade on e/j then better dont enter. If you have shorts at higher price, keep them and set SL at profit.

I just think that pound might be getting stronger this week. So watch out.

Anyone thinks the same?


Pull up 4hr charts over the past few (4-7) days:

Correlating the three pairs: the GU, UJ and GJ, you'll notice
that weakness in the USD which is obivous on the GU and UJ
charts, has brought strength to the JPY and subsequent weakness
to the UJ, the 'mother driver' who has pulled the GJ down despite
the rise in the GU.

The GU rise is not necessarily from GBP strength but greater USD
weakness.

If the GBP were the main driver then the GJ would have risen of late
despite UJ weakness.

If the GBP were equal to the apparent strength of the JPY or the weakness
in the USD then the GJ would have stayed in a range in this period.

Dollar weakness began showing on the ~24th lending strength to
the JPY by the ~27th and hence the drop pulling the GJ down.

This is especially apparent in the 4hr chart.

JMO - but following the driver.

Dr. D.
  • #56,719
  • Dec 31, 2007 12:59am Dec 31, 2007 12:59am
Quoting fourxtrader
Pull up 4hr charts over the past few (4-7) days:

Correlating the three pairs: the GU, UJ and GJ, you'll notice
that weakness in the USD which is apparent on the GU and UJ
charts, has brought strength to the JPY and subsequent weakness
to the UJ, the 'mother driver' who has pulled the GJ down despite
the rise in the GU.

The GU rise is not necessarily from GBP strength but greater USD
weakness.

If the GBP were the main driver then the GJ would have risen of late
despite UJ weakness.

If the GBP were equal to the apparent strength of the JPY or the weakness
in the USD then the GJ would have stayed in a range in this period.

Dollar weakness began showing on the ~24th lending strength to
the JPY by the ~27th and hence the drop pulling the GJ down.

This is especially apparent in the 4hr chart.

JMO - but following the driver.

Dr. D.
I know. But this week things will change. This won't be on your charts until Friday's close.
  • #56,720
  • Dec 31, 2007 1:01am Dec 31, 2007 1:01am
Quoting uncleforex
If you noticed, a few hours before friday's close, I called for e/j shorts but I chickened out and closed them at +1 before it really went down and hit my target.

If you dont have any trade on e/j then better dont enter. If you have shorts at higher price, keep them and set SL at profit.

I just think that pound might be getting stronger this week. So watch out.

Anyone thinks the same?

took another look at ej daily is bullish! and other bullish signs... ( i had a previous trade open already but am closing it.... thanks uncle!!!!
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