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

  • #58,821
  • Jan 11, 2008 2:47pm Jan 11, 2008 2:47pm
i think 211 is a good point to retrace

i dunno if 38% fibo is enough for GJ to go up again
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  • #58,822
  • Jan 11, 2008 2:47pm Jan 11, 2008 2:47pm
Quoting vinesh2
Markam did say 210! and its in sight

He also said that by this time next year our skin would be falling off from radiation sickness in a nuclear winter following the collapse of civilization. 210 I can deal with, but let's hope that's where the accuracy of his predictions end.
  • #58,823
  • Jan 11, 2008 2:50pm Jan 11, 2008 2:50pm
Quoting quecee5
Actually, the weekly and monthly chart does make you pounder. . .
Yes, these charts make me continually ponder...
and often take my fist and pounder the grounder.
  • #58,824
  • Jan 11, 2008 2:51pm Jan 11, 2008 2:51pm
Quoting birdt
He also said that by this time next year our skin would be falling off from radiation sickness in a nuclear winter following the collapse of civilization. 210 I can deal with, but let's hope that's where the accuracy of his predictions end.

lmao,,.....wow, im actually starting to get worried....lets hope he's wrong on that one
  • #58,825
  • Jan 11, 2008 2:52pm Jan 11, 2008 2:52pm
Quoting pip_designer
Somebodys mind is on the weekend
This market will do that to you. Good suggestion:
I'll take a quarter pounder, fries and a drink to go...
then go do a purge to prepare for next week. lol

Dr. Detox
  • #58,826
  • Jan 11, 2008 2:56pm Jan 11, 2008 2:56pm
Lots of good stuff being posted today. Think I'll just sit back and read the past few hours worth . . .
  • #58,827
  • Jan 11, 2008 2:59pm Jan 11, 2008 2:59pm
Quoting fourxtrader
Yes, these charts make me continually ponder...
and often take my fist and pounder the grounder.
  • #58,828
  • Jan 11, 2008 3:02pm Jan 11, 2008 3:02pm
Quoting pip_designer
Somebodys mind is on the weekend

Should have read ponder not pounder, Not the best typer in the world. . .
  • #58,829
  • Jan 11, 2008 3:07pm Jan 11, 2008 3:07pm
Quoting msniper
i think 211 is a good point to retrace

i dunno if 38% fibo is enough for GJ to go up again
How interesting, we made it precisely down to the 38% fib.

I wonder if LT traders from 7/2007 along with the investors (since 9/2000)
are patiently awaiting the completion of this retrace from 251.

Dr. Detox
  • #58,830
  • Jan 11, 2008 3:07pm Jan 11, 2008 3:07pm
ok uj get with the program now dang it! lol
  • #58,831
  • Jan 11, 2008 3:09pm Jan 11, 2008 3:09pm
Hope everyone had a good week, rejoice and refresh. have a nice weekend
"Millionaires don't use astrology, billionaires do"
  • #58,832
  • Jan 11, 2008 3:10pm Jan 11, 2008 3:10pm
Quoting quecee5
Actually, the weekly and monthly chart does make you pounder. . .
yeah i saw that weekly chart with the 38% fibo and flipped over to mine to take a peak and there it was, so we definitely could get a small bounce but with all the neg banking news set to come out monday it may not, but from past exp. the drop we saw today may have been that news so we may have already seen Monday's banking news. something else to ponder i guess. glad we just trade the charts and what we see.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,833
  • Jan 11, 2008 3:18pm Jan 11, 2008 3:18pm
Quoting moneymagnet
yeah i saw that weekly chart with the 38% fibo and flipped over to mine to take a peak and there it was, so we definitely could get a small bounce but with all the neg banking news set to come out monday it may not, but from past exp. the drop we saw today may have been that news so we may have already seen Monday's banking news. something else to ponder i guess. glad we just trade the charts and what we see.

Yep, we trade what we see. . .
Right now I see price hovering above 4hr 5 SMA, a close above here could be positive for longs. . .
  • #58,834
  • Jan 11, 2008 3:29pm Jan 11, 2008 3:29pm
HAVE A GOOD WEEKEND ALL =
  • #58,835
  • Jan 11, 2008 3:34pm Jan 11, 2008 3:34pm
Quoting quecee5
Yep, we trade what we see. . .
Right now I see price hovering above 4hr 5 SMA, a close above here could be positive for longs. . .
Could,...but wont
  • #58,836
  • Jan 11, 2008 4:11pm Jan 11, 2008 4:11pm
Quoting quecee5
Here is my thoughts using pivots. . .

Today's daily pivot and s1/r1 is as follows: 213.31 (s1), 214.64 (pivot), 215.79 (r1), these are major s/r IMO, therefore if price sits or is rejected at any of these level that should give clues where price is headed next. It has to either go to the next resistance or support level right? Daily pivots can be used if you are a longer term trader. . .

However if you want to get a better view what price might be doing in between time you can key in on 4hr pivots which I talk about alot. . .
Here is an example of what GJ price is doing right now and you can expect it to hit these level once you determine which way price it headed. . .

4hr pivots, 211.75s3, 212.18s2, 212.66s1, 213.09pivot 213.57r1, 214.00r2, 214.48r3

Just to give you an example of how I used them today. . .
Price tanked to 211.98 which hit s3, so I new that was the bottom for the moment so I scaled out of my short from 215.05 and flip it long. Manage to get in @ 212.40 long for the ride up to at least 214/214.48. . . It hit 214 so far, that's why I said a close above 213.57 would get it up to the next r2 @ 214 and possibly 214.48 and daily pivot of 214.68. . .

Now price has gone back below 213.00 therefore acording to the 4hr pivot gj could go as low as 212.66 or back to test the lows where I would get long and do it all over again if it bounced. . .
Price hit 211.98 at 02:00 EST, 214.00 at 11:00, then down below 213.00 after 13:00. Why are you still referencing the same set of 4hr pivots. Shouldn't you be using the most current set?
  • #58,837
  • Jan 11, 2008 4:16pm Jan 11, 2008 4:16pm
Quoting moneymagnet
yeah i saw that weekly chart with the 38% fibo and flipped over to mine to take a peak and there it was, so we definitely could get a small bounce but with all the neg banking news set to come out monday it may not, but from past exp. the drop we saw today may have been that news so we may have already seen Monday's banking news. something else to ponder i guess. glad we just trade the charts and what we see.
Negative news is likely priced in, no?
  • #58,838
  • Jan 11, 2008 4:52pm Jan 11, 2008 4:52pm
Oanda is showing the daily close at 212.97. Support from the 200 sma on the weekly chart is 212.87. The 38 fib and the 200 sma are sitting together.
  • #58,839
  • Jan 12, 2008 3:49am Jan 12, 2008 3:49am
Quoting moneymagnet
weekly bullish bat with a range of 1100 pips from top of box to bottom. LOL. someone test this and let me know the results. i am going long in my demo just to see what happens
Don't forget the bottom target is sitting as low as 204-ish
  • #58,840
  • Jan 12, 2008 4:27am Jan 12, 2008 4:27am
anybody can introduce some ebook for trendline trading?

with best regards,
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