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

  • #62,381
  • Feb 19, 2008 12:22pm Feb 19, 2008 12:22pm
Quoting fising
so...u will short gj already quecee5...?..my opinion...gj wanna...break EMA50 210.00 at TF 15...so i prefer..Bull market after that...
No, I'm long and strong and here's what I'm thinking/seeing.

Daily chart for u. . .
Attached Image (click to enlarge)
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  • #62,382
  • Feb 19, 2008 12:24pm Feb 19, 2008 12:24pm
Quoting mike w
Actually Quecee, looking at my charts I can see at least 212 for price as that's where resistance really starts to kick into play up until 213. If price gets rejected in that area, I would look at it with more weight than if it were to fade at 211.
Yep, that's what the daily is suggesting. . . 211.80 is resistance to watch, above that then 213 is all but a given. . .

Check out the daily chart I just posted!
  • #62,383
  • Feb 19, 2008 12:30pm Feb 19, 2008 12:30pm
Quoting quecee5
Yep, that's what the daily is suggesting. . . 211.80 is resistance to watch, above that then 213 is all but a given. . .

Check out the daily chart I just posted!
Ok I see now that you are looking at the resistance from the top of the range. With that taken into effect, we will probably see a good bounce from that area, although I'm still convinced of longs until I would see that happen on the 4 hour timeframe or higher. I like that chart btw, its simple and that's what forex is all about!
I dream, therefore I become.
  • #62,384
  • Feb 19, 2008 12:31pm Feb 19, 2008 12:31pm
Quoting mike w
Ok I see now that you are looking at the resistance from the top of the range. With that taken into effect, we will probably see a good bounce from that area, although I'm still convinced of longs until I would see that happen on the 4 hour timeframe or higher. I like that chart btw, its simple and that's what forex is all about!
Thxs bro, I'm trying to keep it simple. . .
I do look at more complex analysis but I try not to post it - See you up top bro!
  • #62,385
  • Feb 19, 2008 12:36pm Feb 19, 2008 12:36pm
Quoting vinesh2
Looks like intraday pivot of 209.70 is holding. If we can close above that on 4hr at 3pm est we should be could to atleast Daily S1 at 210.60 area but that 4hr 50EMA and 5SMA are hurdles need to close above them for nice long to 211.20 area. What ya think Q
Viniesh, I hope u still holding EU. . .
I said we would check in on this one this weeK and WHOLLY!

from 1.4470 - 1.4730 - PRICELESS! - and still holding until 1.49/1.5!
  • #62,386
  • Feb 19, 2008 12:38pm Feb 19, 2008 12:38pm
Quoting quecee5
Thxs bro, I'm trying to keep it simple. . .
I do look at more complex analysis but I try not to post it - See you up top bro!
No doubt about that man!
I'm still learning everything that I can about elliot wave and trying to incorporate it all into my trading, but the more in depth I seem to go with it, the more I like the simplicity of 5 up 3 down and vice versa. There are a lot more pieces to that puzzle, but the simplest, to me, will yield the most profit (the rest just capitalizes on smaller moves within the larger moves). Trading, in my eyes, is an incredibly simple thing and with that, I don't want to try and overcomplicate it. I've been there and done that, and lost money because of doing so. I like it to be easy lol Trading is the hardest easy money you'll ever make, as they say.
I dream, therefore I become.
  • #62,387
  • Feb 19, 2008 12:40pm Feb 19, 2008 12:40pm
Quoting kenneith
Q, simply SUPER you are. I just love your annalysis. thanks a lot mate i personally have learnt many thing from you. you are doing a great job. keep up the good work May pips be with you all the time.
regards
  • #62,388
  • Feb 19, 2008 12:41pm Feb 19, 2008 12:41pm
Life has been busy for me since I'm getting married in a month. Price is still doing good, I'm still aiming 217 atleast in the short-term. Later
Trade what you see, not what you think.
  • #62,389
  • Feb 19, 2008 12:44pm Feb 19, 2008 12:44pm
Quoting karmostaji
Life has been busy for me since I'm getting married in a month. Price is still doing good, I'm still aiming 217 atleast in the short-term. Later
Price is great!
I'm now long with you bro and see your vision! =

Let's keep getting those pips!
  • #62,390
  • Feb 19, 2008 12:44pm Feb 19, 2008 12:44pm
Q, i TP'd already just could't stand the slow moves. I guess thats the difference between a good trader and a patient good trader. I am pulling my hair right now I got stopped out on GJ for +1 was long from 209.45 area. I am playing AJ a little cause its correlation to GJ is pip to pip now a days. its been good to me so kinda making up for my missed out opportunities with GJ. YOU ARE DA MAN boss!!!
  • #62,391
  • Feb 19, 2008 12:46pm Feb 19, 2008 12:46pm
Quoting karmostaji
Life has been busy for me since I'm getting married in a month. Price is still doing good, I'm still aiming 217 atleast in the short-term. Later
Hey Karmo, congratulations again on getting married, and I can only hope the best life for you in the years ahead! Good things come to good people and your no exception with that. I'm with you on the retracement as I'm long now from 209.50 and plan on adding to the positions. I would like to see a clear cut break of the resistance at 212-213 in order for 217 to hit. If so, then I plan on adding quite a large amount in the 214's.
I dream, therefore I become.
  • #62,392
  • Feb 19, 2008 12:51pm Feb 19, 2008 12:51pm
Quoting quecee5
Viniesh, I hope u still holding EU. . .
I said we would check in on this one this weeK and WHOLLY!

from 1.4470 - 1.4730 - PRICELESS! - and still holding until 1.49/1.5!
EU just hit the 61.8 fib of the last move down.

I think she's gonna come back down a bit, to around 1.457x or so.
Then, move up to 1.49 area.

I cashed out my long when it penetrated the 61.8 line.

I'l get back in on the bottom of the retrace.
  • #62,393
  • Feb 19, 2008 12:52pm Feb 19, 2008 12:52pm
Quoting mike w
No doubt about that man!
I'm still learning everything that I can about elliot wave and trying to incorporate it all into my trading, but the more in depth I seem to go with it, the more I like the simplicity of 5 up 3 down and vice versa. There are a lot more pieces to that puzzle, but the simplest, to me, will yield the most profit (the rest just capitalizes on smaller moves within the larger moves). Trading, in my eyes, is an incredibly simple thing and with that, I don't want to try and overcomplicate it. I've been there and done that, and lost money because of doing so. I like it to be easy lol Trading is the hardest easy money you'll ever make, as they say.
LOL! Hear ya bro. . .
Yeah, I have this ebook with 11 EW you nned to know and it's been great so far. . . Like you said, if you can spot the pattern it's easy to get in on the top and just ride it oyt instead of buying/selling/buying/selling, that's for the birds to me and like you said been there done that. . .

I'm starting to experiment with fib time zones. . . I think that can be so powerful and help see and anticipate a full cycle for a long/short move. I'm going to see how it plays out on this last down move and I'll report back or well you'll read it in my post/analysis. . .

Anyway, looks like GJ sitting nicely for now. I expect Asian/Tokyo and London to take this thing to the moon since 2morrow is triple interest Wed. . .

Guess we'll see. . .
  • #62,394
  • Feb 19, 2008 12:56pm Feb 19, 2008 12:56pm
AUS just visited the PS room!
  • #62,395
  • Feb 19, 2008 12:58pm Feb 19, 2008 12:58pm
congratulations to you and your wife and i wish you all the best for this journey that is about to begin.


Quoting karmostaji
Life has been busy for me since I'm getting married in a month. Price is still doing good, I'm still aiming 217 atleast in the short-term. Later
Nihil Sine Deo.
  • #62,396
  • Feb 19, 2008 1:00pm Feb 19, 2008 1:00pm
Here's a 1H chart.

We had the 38.2 fib hit a few hours ago.
She's staying above the lower TL nicely.
QQE, Stoch and CCI are about to turn up.
Usually good for at least 100 pips here. 300 or so when 4H turns up.

50.0 fib and DP are right on top of each other and will provide tough Resistance.

I'll set my small position TP there, and wait to see if she falls back to 210.4 area.
If she drops and stalls up there, I'll add more long positions with 213.4 area as the final TP for that move.

I'll keep my 208.9 Long until 214/217 area.

Triple Swap day coming up...... ;-)

My shorts from 213, 212 and 211s paid out nicely at 209.0
Attached Image (click to enlarge)
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  • #62,397
  • Feb 19, 2008 1:03pm Feb 19, 2008 1:03pm
Quoting karmostaji
Life has been busy for me since I'm getting married in a month. Price is still doing good, I'm still aiming 217 atleast in the short-term. Later
Karmo,

Congrats my friend !
Marriage can be a wonderful thing.
We're having twin girls in a week here...... CRAZY.

Forex is going to afford me the ability to stay home with my family more.

Good luck to you and your future bride !

217 baby ! for Karmo's wedding present

Cheers.

Kurt
  • #62,398
  • Feb 19, 2008 1:12pm Feb 19, 2008 1:12pm
Quoting kujo17
EU just hit the 61.8 fib of the last move down.

I think she's gonna come back down a bit, to around 1.457x or so.
Then, move up to 1.49 area.

I cashed out my long when it penetrated the 61.8 line.

I'l get back in on the bottom of the retrace.
Yeah, been watching that. . . It's a buy and hold for me, more long term trade. . . I'm in at the bottom so not worried about the retrace. I took some profits too on the way up but plan to add 1/3 of it back in on any retrace when it happens. . .
  • #62,399
  • Feb 19, 2008 1:14pm Feb 19, 2008 1:14pm
Quoting kujo17
Here's a 1H chart.

We had the 38.2 fib hit a few hours ago.
She's staying above the lower TL nicely.
QQE, Stoch and CCI are about to turn up.
Usually good for at least 100 pips here. 300 or so when 4H turns up.

50.0 fib and DP are right on top of each other and will provide tough Resistance.

I'll set my small position TP there, and wait to see if she falls back to 210.4 area.
If she drops and stalls up there, I'll add more long positions with 213.4 area as the final TP for that move.

I'll keep my 208.9 Long until 214/217 area.

Triple Swap day coming up...... ;-)

My shorts from 213, 212 and 211s paid out nicely at 209.0
Love that chart!
  • #62,400
  • Feb 19, 2008 1:19pm Feb 19, 2008 1:19pm
If we get a close below 209.20, we would be trading below the daily gann line. The daily qqe is also very close to crossing down. If that does happen, I think the 4H and daily charts would be bearish. We are also below all the major MAs, fibs, and pivots. In order words, we be very BEARISH.

As for 217, until I see a convincing 4H candle close above 213.80, I don't look pass this level. I'd rather wait until we get a break, a retest, then I would jump in for the ride up. But I don't like to speculate when we will get a break. It might tomorrow, it might be next month.
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