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

  • #58,581
  • Jan 11, 2008 1:14am Jan 11, 2008 1:14am
have one small short open from 213.80,.....dont want to stack any more shorts till retracement.......then it will be time to ride
  • #58,582
  • Jan 11, 2008 1:14am Jan 11, 2008 1:14am
I can't see this retracing much, who's gonna buy?? Its broken out. Thats confirmed.
FF journal: Peaks and Troffs
  • #58,583
  • Jan 11, 2008 1:17am Jan 11, 2008 1:17am
Quoting bogus
I can't see this retracing much, who's gonna buy?? Its broken out. Thats confirmed.

i see it retracing to 212.75 area...............will stack some shorts on when it gets there,.......I WOULDNT BUY though
  • #58,584
  • Jan 11, 2008 1:19am Jan 11, 2008 1:19am
Glad to hear it.
Quoting doughboi
i see it retracing to 212.75 area...............will stack some shorts on when it gets there,.......I WOULDNT BUY though
FF journal: Peaks and Troffs
  • #58,585
  • Jan 11, 2008 1:21am Jan 11, 2008 1:21am
Quoting bogus
I can't see this retracing much, who's gonna buy?? Its broken out. Thats confirmed.

the big boys have their orders placed already in certain spots dont ya think.... like at 161 retracement levels at 38 monthly levels so when price merely touches those spots it bounces..... nobody really knows what those spots are but we kinda think they are at fib levels...... IMHO so fib levels are good tp spots like pips cruiser said... just a thought..... never try to catch a falling knife..... impossible to know how far the big boys are letting it fall this time b4 they push it back up.....

PS we are in big down trend with so far nothing but bearish PA..... DO NOT TRY A LONG IMHO
  • #58,586
  • Jan 11, 2008 1:21am Jan 11, 2008 1:21am
Quoting PipChick
It may need to touch 211.77-40 before a retrace. 38.2 of the monthly.
Hi PipChick. Another possibility I see, is that it might follow the same set of fibs that it seems to have been following all day. If so, it would either find support here or drop to the 211.65 area next . . .

Attached Image (click to enlarge)
Click to Enlarge Name: downfall.jpg Size: 155 KB
  • #58,587
  • Jan 11, 2008 1:24am Jan 11, 2008 1:24am
Quoting Pips_Cruiser
Hi PipChick. Another possibility I see, is that it might follow the same set of fibs that it seems to have been following all day. If so, it would either find support here or drop to the 211.65 area next . . .


THAT WHAT I WAS SEEING TOO... except i had 211.75????? close enough
  • #58,588
  • Jan 11, 2008 1:26am Jan 11, 2008 1:26am
Quoting Pips_Cruiser
Hi PipChick. Another possibility I see, is that it might follow the same set of fibs that it seems to have been following all day. If so, it would either find support here or drop to the 211.65 area next . . .

I agree and dont forget the 211.77 area could form the C of the monthly chart for an abc pattern. So that area may be good support but who knows with this beast where she is goin. Does anyone know what happened anyways? lol I was sleeping and started dreaming that it was tanking so I got out of bed and ran for the pc and she was just getting ready to tank..lol
  • #58,589
  • Jan 11, 2008 1:27am Jan 11, 2008 1:27am
213.50 is going to be a strong resistance level, it being sort of a round figure + tested as a support in 2006 a few times + 50% fib retracement.

Will be looking out to go short on it after a upward retracement
  • #58,590
  • Jan 11, 2008 1:27am Jan 11, 2008 1:27am
Quoting dagoods
the big boys have their orders placed already in certain spots dont ya think.... like at 161 retracement levels at 38 monthly levels so when price merely touches those spots it bounces..... nobody really knows what those spots are but we kinda think they are at fib levels...... IMHO so fib levels are good tp spots like pips cruiser said... just a thought..... never try to catch a falling knife..... impossible to know how far the big boys are letting it fall this time b4 they push it back up.....

PS we are in big down trend with so far nothing but bearish PA..... DO NOT TRY A LONG IMHO
Hey Mr. D! Or should I call you Mr. 1KT?

Congrats!

  • #58,591
  • Jan 11, 2008 1:29am Jan 11, 2008 1:29am
I try not to guess where it'll stop or continue on a longer term. I just follow P.A.I don't try to think what the big boys do.
Cheers,
Quoting dagoods
the big boys have their orders placed already in certain spots dont ya think.... like at 161 retracement levels at 38 monthly levels so when price merely touches those spots it bounces..... nobody really knows what those spots are but we kinda think they are at fib levels...... IMHO so fib levels are good tp spots like pips cruiser said... just a thought..... never try to catch a falling knife..... impossible to know how far the big boys are letting it fall this time b4 they push it back up.....

PS we are in big down trend with so far nothing but bearish PA..... DO NOT TRY A LONG IMHO
FF journal: Peaks and Troffs
  • #58,592
  • Jan 11, 2008 1:30am Jan 11, 2008 1:30am
I have a bullish bat on all time frames up to and including the 4 hr. I dont know how reliable they are as I just started looking into them.Any comments?
  • #58,593
  • Jan 11, 2008 1:32am Jan 11, 2008 1:32am
This thing paused about 15-20 pips shy of the -23% fib extension of the July high/ Aug low. Now that would have been the mother of all shorts...
FUBAR...
  • #58,594
  • Jan 11, 2008 1:34am Jan 11, 2008 1:34am
Quoting Pips_Cruiser
Hey Mr. D! Or should I call you Mr. 1KT?

Congrats!


Thanks and thanks to whomever it was that did that...I certainly dont deserve it yet but am flattered and still mucho humble

cheers
  • #58,595
  • Jan 11, 2008 1:36am Jan 11, 2008 1:36am
Quoting dagoods
THAT WHAT I WAS SEEING TOO... except i had 211.75????? close enough
Close enough for government work! lol

  • #58,596
  • Jan 11, 2008 1:36am Jan 11, 2008 1:36am
Quoting anyhowtrade
213.50 is going to be a strong resistance level, it being sort of a round figure + tested as a support in 2006 a few times + 50% fib retracement.

Will be looking out to go short on it after a upward retracement

Is that the same as the gap set up that we saw a post of yesterday by somebody, I think market????
  • #58,597
  • Jan 11, 2008 1:38am Jan 11, 2008 1:38am
Quoting PipChick
I agree and dont forget the 211.77 area could form the C of the monthly chart for an abc pattern. So that area may be good support but who knows with this beast where she is goin. Does anyone know what happened anyways? lol I was sleeping and started dreaming that it was tanking so I got out of bed and ran for the pc and she was just getting ready to tank..lol
Wow! I haven't had to time to digest it all yet. But I'm going to start now . . .
  • #58,598
  • Jan 11, 2008 1:39am Jan 11, 2008 1:39am
Crap. I don't know why I bought a WIDE monitor. I need a TALL monitor.
FUBAR...
  • #58,599
  • Jan 11, 2008 1:39am Jan 11, 2008 1:39am
Quoting dagoods
Thanks and thanks to whomever it was that did that...I certainly dont deserve it yet but am flattered and still mucho humble

cheers
Click on your name,
To see who made the claim.
  • #58,600
  • Jan 11, 2008 1:44am Jan 11, 2008 1:44am
GM all...lol...a very good GM for all Short
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