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

  • #68,541
  • Mar 15, 2008 11:32am Mar 15, 2008 11:32am
Now price is playing around very important point 200.07 which is 50% FIBO from low 15 Sep 2000 – 149.08 & High 20 Jul 2007 – 251.06.
We had a strong down move ~4100 on Daily without 50% correction since 1 Nov 2007 – 241.31 till now.
We would see a ~2000 pips 50% correction any time in a future. Weekly QUE is near 30 and is time to go up, but daily one has some more room to go down. Fundamentals are not showing a lot at the moment. I think Karmo is looking for that kind of correction.
Any comments are well come.
It’s just emotions & money
  • #68,542
  • Mar 15, 2008 11:35am Mar 15, 2008 11:35am
Quoting quecee5
Okay,
The Law of Supply and Demand! Which comes from Business 101!

Furthermore, Price is based on market conditions and peoples emotions. If this wasn't the case there would be no market! We must always adjust accordingly so:

Never get married to a position, always be prepared to adjust with an adjusting market!
Nice, Que. Excellent work.

Oh . . . the Law of Supply and Demand is Economics 101. Business 101 would be . . make positive PIPS.
Indicators show the past. Price Action "Indicates" the future.
  • #68,543
  • Mar 15, 2008 11:38am Mar 15, 2008 11:38am
Quoting jarroo
Nice, Que. Excellent work.

Oh . . . the Law of Supply and Demand is Economics 101. Business 101 would be make positive PIPS.
Jarroo - Thanks for the correction bro!

  • #68,544
  • Edited 4:21pm Mar 15, 2008 12:09pm | Edited 4:21pm
Quoting Val144
Now price is playing around very important point 200.07 which is 50% FIBO from low 15 Sep 2000 – 149.08 & High 20 Jul 2007 – 251.06.
We had a strong down move ~4100 on Daily without 50% correction since 1 Nov 2007 – 241.31 till now.
We would see a ~2000 pips 50% correction any time in a future. Weekly QUE is near 30 and is time to go up, but daily one has some more room to go down. Fundamentals are not showing a lot at the moment. I think Karmo is looking for that kind of correction.
Any comments are well come.
I would keep an eye on daily and weekly pivot at 201.84 and 202.78 - this could be the deciding factor if this down move has completed or not (for now). This also coincides with a 38%/50% retrace from the fall started from 205.10 area. . .

I agree, looking at the daily chart price looks to have room to move down further before heading back up. My new pivots as of the closing day on Friday has daily S1 @ 198.46 and weekly S1 @ 197.52 which could offer some temporary support.

However, just below that is weekly S3 and monthly S3 @ 194.65 and 195.39. . .

What's really interesting is looking at monthly support and resistance you have monthly support @ 200.63 which according to my brokers close, closed slightly below it at 200.39/48. . . So we could be looking at a down move toward daily and weekly support mentioned above 2morrow unless GJ get's a 1hr/4hr close above it. . .

I guess we will see 2morrow. .
  • #68,545
  • Mar 15, 2008 1:17pm Mar 15, 2008 1:17pm
hello everyone..sharood bro long time...am finally going to lockin this 1000pips profit of mine...what a lovely weekend...
Imanuel Parsifal
  • #68,546
  • Mar 15, 2008 1:42pm Mar 15, 2008 1:42pm
did you check if there is any 50% correction happened on this pair during last 10 or 20 years? I checked the monthly chart I can hardly see any 50% corrections in last 17 years.

Quoting Val144
Now price is playing around very important point 200.07 which is 50% FIBO from low 15 Sep 2000 – 149.08 & High 20 Jul 2007 – 251.06.
We had a strong down move ~4100 on Daily without 50% correction since 1 Nov 2007 – 241.31 till now.
We would see a ~2000 pips 50% correction any time in a future. Weekly QUE is near 30 and is time to go up, but daily one has some more room to go down. Fundamentals are not showing a lot at the moment. I think Karmo is looking for that kind of correction.
Any comments are well come.
  • #68,547
  • Mar 15, 2008 2:14pm Mar 15, 2008 2:14pm
ya allah hi dear quecee5 ,thanks from you . we must collaborate more with one another and of the same rank for each other we must associate our experiences with one another . abstian from self _ conceit and egotism
  • #68,548
  • Mar 15, 2008 2:25pm Mar 15, 2008 2:25pm
Quoting mktjong
Have to be very careful to use whatever kind of indicators. It only gives you a more odds on your side, never a leading. Some traders combine it with other confirmations to add another odds on their side, that's all.
I think we should never ever claim any kind of indicator as a leading price direction of the future. If it is, everybody is a winner.
I don't know if you'd call it an indicator, but have you taken a close look at fibonacci's and their extensions?
Has what you wanted to see made you blind?
  • #68,549
  • Mar 15, 2008 3:00pm Mar 15, 2008 3:00pm
Is this supposed to be a bullish butterfly or something? Looks pretty deformed.
Anyway, something to consider when making trading decision on sunday/monday.
Attached Image
  • #68,550
  • Mar 15, 2008 4:10pm Mar 15, 2008 4:10pm
Your Zerolag Stoch, the 5 SMA close and the Gann Hilo,for me are the best from my trading.I,am reading and testing a couple off indicators,and trading the last 6 weeks your trading style(Live),its very simple and profitables.I, combinend the Zerolagstoch with the QTA,look on the 4hChart , you seen exactly the Support and Ressistance Levels.Thanks from your nice Inicators and or Daily Analysis, i have a many respekt from your Tradindstyle.
Sorry from my bad English
Good Luck
Best Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 31 KB
  • #68,551
  • Mar 15, 2008 4:12pm Mar 15, 2008 4:12pm
It is nice to see that they are finally starting to recognize that some of us have been right all along.


http://krugman.blogs.nytimes.com/200...d-the-ignored/
Quote
What’s going on now, however, is beyond that: the “financial accelerator,” with deleveraging causing a credit crunch that forces further deleveraging, and now threatens to produce a sort of pancake collapse of the whole system, was not, I think, so widely foreseen. Certainly Nouriel Roubini was on the right track; I can claim to have described something quite a lot like what’s now happening, though I covered myself by making it a slightly jokey scenario rather than a straight prediction. But in Rubin’s defense, I don’t think many people saw how much the system itself would break down.

It was foreseen by me.
  • #68,552
  • Mar 15, 2008 4:17pm Mar 15, 2008 4:17pm
Quoting November
Your Zerolag Stoch, the 5 SMA close and the Gann Hilo,for me are the best from my trading.I,am reading and testing a couple off indicators,and trading the last 6 weeks your trading style(Live),its very simple and profitables.I, combinend the Zerolagstoch with the QTA,look on the 4hChart , you seen exactly the Support and Ressistance Levels.Thanks from your nice Inicators and or Daily Analysis, i have a many respekt from your Tradindstyle.
Sorry from my bad English
Good Luck
Best Regards

looks good i am curious about your support resisateance if u drew them by hand and also what is qta?


can u post? thanks
  • #68,553
  • Mar 15, 2008 4:23pm Mar 15, 2008 4:23pm
Quoting hussin naiji
ya allah hi dear quecee5 ,thanks from you . we must collaborate more with one another and of the same rank for each other we must associate our experiences with one another . abstian from self _ conceit and egotism
Indeed my friend, indeed!
  • #68,554
  • Mar 15, 2008 4:30pm Mar 15, 2008 4:30pm
Quoting November
Your Zerolag Stoch, the 5 SMA close and the Gann Hilo,for me are the best from my trading.I,am reading and testing a couple off indicators,and trading the last 6 weeks your trading style(Live),its very simple and profitables.I, combinend the Zerolagstoch with the QTA,look on the 4hChart , you seen exactly the Support and Ressistance Levels.Thanks from your nice Inicators and or Daily Analysis, i have a many respekt from your Tradindstyle.
Sorry from my bad English
Good Luck
Best Regards
The credit should go to Aus. I just took what he gave me and made it my own. . . Good luck to u and I hope it brings you many pips!
  • #68,555
  • Mar 15, 2008 4:33pm Mar 15, 2008 4:33pm
Quoting markam
It is nice to see that they are finally starting to recognize that some of us have been right all along.


http://krugman.blogs.nytimes.com/200...d-the-ignored/


It was foreseen by me.
I read your posts with interest and I generally agreed with you. Now the problem is how USA are going to get out of this mess and how the systemic flaws can be corrected.
  • #68,556
  • Mar 15, 2008 4:37pm Mar 15, 2008 4:37pm
Quoting Mihais
I read your posts with interest and I generally agreed with you. Now the problem is how USA are going to get out of this mess and how the systemic flaws can be corrected.
Chances are that they will not be able to get out of it......We must prepare for it and hope that it does not come to this.
  • #68,557
  • Mar 15, 2008 4:44pm Mar 15, 2008 4:44pm
markam... you are too funny...

must i remind u guys that the USA is the USA hello! we have exactly one great dpression....and we came out of it fine didnt we.... natural downturns and cycles are inevitable..... this one is indeed major....


Also, lets remember something here...Mr. Bernakke is an expert in The Great Depression and knows exactly what needs to be done to reverse this craziness.... it will take a very long time and we will experience a lot of pain...but......


has anyone considered that maybe the election and politics are involved here? in other words Bernakke may change his tune once the election is over....... only time will tell.... but my vies is that he has some tricks up his sleeve

there have been doom and gloomers sicne the markets began....
their exagerations rarely come true.... exactly once (the great depression) to be precise

markets are cyclical thats it..simple


2011 2012 we will be reversing again to become stronger than ever.............. IMHO



regards
  • #68,558
  • Mar 15, 2008 4:51pm Mar 15, 2008 4:51pm
Quoting Mihais
I read your posts with interest and I generally agreed with you. Now the problem is how USA are going to get out of this mess and how the systemic flaws can be corrected.
Don't think for a second it is just the US. One new example.

ABCP players to seek bankruptcy protection

http://www.reportonbusiness.com/serv.../Business/home
Quote
The committee working to untangle $33-billion of frozen commercial paper plans to ask an Ontario judge Monday to grant bankruptcy protection to the 20 trusts that issued the paper, as it works to restructure them.

Every fiat currency system in the world (and they are all fiat currencies) is going to crash and burn. Countries with oil, natural gas or other commodities backing their economies will fare the best. Others will be lucky if they pass through this mess without mass death and destruction.

As far as the US getting out of this mess, it won't. It fate has been set since Nixon took us off the gold standard. The only question was when would the final blowup occur. However, the US will survive. It still has large energy, commodity and manufacturing resources. It is just that our standard of living will drop to a level equal to our resources. My guess is around 40% of the current level.

Countries like England, with little or no manufacturing, energy or commodity resources are completely doomed.
  • #68,559
  • Mar 15, 2008 4:53pm Mar 15, 2008 4:53pm
Quoting ovaforty
Chances are that they will not be able to get out of it......We must prepare for it and hope that it does not come to this.
If this comes true then America will become a quasi-socialist country,or even repeat the pattern established by USSR(overstreched military with a weak economy to back it).What an irony...
  • #68,560
  • Mar 15, 2008 4:56pm Mar 15, 2008 4:56pm
Quoting dagoods
markam... you are too funny...

must i remind u guys that the USA is the USA hello! we have exactly one great dpression....and we came out of it fine didnt we.... natural downturns and cycles are inevitable..... this one is indeed major....


Also, lets remember something here...Mr. Bernakke is an expert in The Great Depression and knows exactly what needs to be done to reverse this craziness.... it will take a very long time and we will experience a lot of pain...but......


has anyone considered that maybe the election and politics are involved here? in other words Bernakke may change his tune once the election is over....... only time will tell.... but my vies is that he has some tricks up his sleeve

there have been doom and gloomers sicne the markets began....
their exagerations rarely come true.... exactly once (the great depression) to be precise

markets are cyclical thats it..simple


2011 2012 we will be reversing again to become stronger than ever.............. IMHO



regards
Just remember when the depression occurred, the US has a gold-backed currency, a trade surplus, a huge energy surplus, a much smaller population, a basically pristine ecosystem, and a majority of the population which lived on farms and could support themselves.

This depression, we will just have several hundred million guns to shoot each other with. The next few years will make the Great Depression look like paradise.
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