Spot on
Price hit 205.38 and was rejected quickly...204.80 being tested..looks like we'll test the bottom of 204 at 204.33 like you said...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #76,322
- Apr 29, 2008 9:18am Apr 29, 2008 9:18am
Hi Sycho, do u mean gold will continue dropping ? Sry for the noob question coz i didnt trade gold at all.
876.45area is a good entry targeting 1st 1000pips,2nd 2500pips
Sometimes in order to see the light, you have to risk the dark
- #76,324
- Apr 29, 2008 9:21am Apr 29, 2008 9:21am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
Hi Sycho, do u mean gold will continue dropping ? Sry for the noob question coz i didnt trade gold at all.
Imanuel Parsifal
- #76,325
- Apr 29, 2008 9:23am Apr 29, 2008 9:23am
not for long...am looking at it dropping to 872area where we have major confluece and bullish accumulation on pasil-strategy...so around that area would be a good buy...new gold long entry available..target is 8000pips to 952.85area
thx for replyn info. ya i think i might take a look into gold n place a small lot to buy at 870
Sometimes in order to see the light, you have to risk the dark
- #76,326
- Apr 29, 2008 9:23am Apr 29, 2008 9:23am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
not for long...am looking at it dropping to 872area where we have major confluece and bullish accumulation on pasil-strategy...so around that area would be a good buy...new gold long entry available..target is 8000pips to 952.85area
- #76,327
- Apr 29, 2008 9:24am Apr 29, 2008 9:24am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
Ah
Imanuel Parsifal
- #76,328
- Apr 29, 2008 9:25am Apr 29, 2008 9:25am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #76,329
- Apr 29, 2008 9:27am Apr 29, 2008 9:27am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
Looks like 203.70 area might be a reality. . . Long got stopped out, oh well, still looking for another opportunity!
Imanuel Parsifal
- #76,330
- Apr 29, 2008 9:27am Apr 29, 2008 9:27am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Yep, weak consumer confidence data. . .
- #76,332
- Apr 29, 2008 9:31am Apr 29, 2008 9:31am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
2-multi-mm and qqe5 are crossed downward below the -1-level and 50 level..if the 3rd crosses below then we definately breaking this point and crashing some 200pips more
Imanuel Parsifal
- #76,333
- Apr 29, 2008 9:31am Apr 29, 2008 9:31am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
my first TP
Looks like 203.70 area might be a reality. . . Long got stopped out, oh well, still looking for another opportunity!
- #76,334
- Apr 29, 2008 9:31am Apr 29, 2008 9:31am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Bro.. this EW stuff, is fantastic tool, when you master it.. it just clear your view.. I'll wait you @ the bottom
Price is starting to look a bit OS, so we may see an upmove after it touch support down here. . . This down move looks to be a bot over done at the moment. . .
- #76,335
- Apr 29, 2008 9:32am Apr 29, 2008 9:32am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
cashed out 300pips from 876 buy entry posted
Imanuel Parsifal
- #76,336
- Apr 29, 2008 9:37am Apr 29, 2008 9:37am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
we need a good bounce from 203.80area or a complete break of it to go long bullish or bearish
Imanuel Parsifal
What's the time frame Scyco and how will that intermarket play with GBP/JPY ??
not for long...am looking at it dropping to 872area where we have major confluece and bullish accumulation on pasil-strategy...so around that area would be a good buy...new gold long entry available..target is 8000pips to 952.85area
- #76,340
- Apr 29, 2008 9:44am Apr 29, 2008 9:44am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
What's the time frame Scyco and how will that intermarket play with GBP/JPY ??
Imanuel Parsifal