"Millionaires don't use astrology, billionaires do"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #76,501
- Apr 29, 2008 4:34pm Apr 29, 2008 4:34pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
- #76,502
- Apr 29, 2008 4:37pm Apr 29, 2008 4:37pm
- Joined Aug 2007 | Status: Trader | 2,616 Posts
What the heck is that Orion cant see nothing I think I am getting headache dude just seeing that!
- #76,504
- Apr 29, 2008 4:39pm Apr 29, 2008 4:39pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
there is a TONNNE of support down south volatility dropping off as well
breaking through that seems like it will take alot more than tomorrows news
Hi OrionsWay
,Love the chart, but to be honest don't really understand it...I presume the masses of Red are the fib fan lines indicating support? Could you expand on this please? Thanks
Shakes
- #76,506
- Apr 29, 2008 4:40pm Apr 29, 2008 4:40pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #76,507
- Apr 29, 2008 4:43pm Apr 29, 2008 4:43pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Buy order 217
Sell order 196
Wake me up when it gets there
Sell order 196
Wake me up when it gets there
- #76,508
- Apr 29, 2008 4:43pm Apr 29, 2008 4:43pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
KISS
Can't "See" your pic very well - must take that fish of my nose so I can have a better look!
Seriously - could you reattach or something? Thanks
- #76,509
- Apr 29, 2008 4:44pm Apr 29, 2008 4:44pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
LOL your not suppose to see anything BUT the trend angles, seems like reds are plentiful dont u think, easy break i dont think so. BUT tomorrow if professionals dont like it all of them will go bye bye in a few hours DJIA setting up for a big drop W5, that lack of support will crush everything in its wake like it did in history. what will stop it when everyone who was supporting it now are liquidating it LOL. everything is hypothetical of course
"Millionaires don't use astrology, billionaires do"
- #76,510
- Apr 29, 2008 4:48pm Apr 29, 2008 4:48pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Hi guys .. am still bias to the downside in the next 4-8 hours. It may pull up back to 4 hour 5 sma and back down likely afterwards.
I haven't seen any catalyst yet for the up move so far. It only looks like a profit taking on the latest squeeze up
- #76,511
- Apr 29, 2008 4:49pm Apr 29, 2008 4:49pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Thought you entered at 207.34. Was that 2 positions.
- #76,512
- Apr 29, 2008 4:49pm Apr 29, 2008 4:49pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #76,514
- Apr 29, 2008 4:56pm Apr 29, 2008 4:56pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
No Elliot wave on this...triangle about ready to go, ready either way
Definately into a triangle...."North or South? To be or not to be? That is the question" (hence shakesfx(shakespeare))
I personally think a move North needs to happen to around 209-213 area before a further move South (if at all). Tomorrow will be extreme to say the least...Lets see what happens, but I will be closing my positions before the news as the beast will awaken and kick ass all over the shop
- #76,516
- Apr 29, 2008 4:58pm Apr 29, 2008 4:58pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
Buy order 217
Sell order 196
Wake me up when it gets there
- #76,517
- Apr 29, 2008 4:59pm Apr 29, 2008 4:59pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Yes....207.34 close at 204.37 and 207.28 close at 204.01....better take the profit rather than nothing.
Nice job.
Now what if price goes down to 198.00 or 188.00, wouldn't it be nice to have those entries? What I am saying is, take some off the table, lock in some profit and let it run. Keep your losses small and let your profits run. That old saying. JMO
Indicators show the past. Price Action "Indicates" the future.
- #76,518
- Apr 29, 2008 5:02pm Apr 29, 2008 5:02pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
OK I see it now, thanks
Definately into a triangle...."North or South? To be or not to be? That is the question" (hence shakesfx(shakespeare))
I personally think a move North needs to happen to around 209-213 area before a further move South (if at all). Tomorrow will be extreme to say the least...Lets see what happens, but I will be closing my positions before the news as the beast will awaken and kick ass all over the shop
A close above 205.40/50 and or 206 will make my long feel real good. . .
Then I'll slap then damn eggs off my nose and scramble'em for a breakfast party -
= 
- #76,519
- Apr 29, 2008 5:03pm Apr 29, 2008 5:03pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
From your chart it also looks like we hit a bottom down there and will head back up to at least your target of 206'ish. . . A break there then price will more than likely challenge 208.99 area again. . .
Only time will tell - Love dem chart bro, love them. . .
Hello again Q,
Take it youre on the same lines as me and watching this long "just in case?" Thought I could leave it - but I can't help myself...got to watch the beast doesn't kill it behind my back LOL!
How's the chart look to you? I think we'll def. see 205.40 soon...
- #76,520
- Apr 29, 2008 5:05pm Apr 29, 2008 5:05pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
GJ will kill a lot of people this week
Indicators show the past. Price Action "Indicates" the future.