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

  • #79,901
  • May 11, 2008 11:53am May 11, 2008 11:53am
Quoting mktjong
Yep ..daily is bearish divergence. This is suggesting me that it shall retrace up a bit (based on 4 hr bullish divergence) before a massive dive down
Yep, I'll be waiting with bermudas on at the top of the range.
Patience + Humility + Study = Success
  • #79,902
  • May 11, 2008 12:05pm May 11, 2008 12:05pm
One more chart highlighting a popular pattern in these recent falls we've been seeing. Will it happen again? How far will she fall?
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  • #79,903
  • May 11, 2008 12:09pm May 11, 2008 12:09pm
On the weekly GJ, we notice that there was a head and shoulders formation on the weeklies. Now, if we measure from the top to the neckline, we have pretty much completed the drop if equal distance. From here on, we may see a bounce.

Furthermore, we see a divergence in MACD. However, we are still below the waterline. We still see a retest of 192 area.

That pretty much where my analysis ends
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  • #79,904
  • May 11, 2008 12:12pm May 11, 2008 12:12pm
I better play devils advocate
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"Millionaires don't use astrology, billionaires do"
  • #79,905
  • May 11, 2008 12:20pm May 11, 2008 12:20pm
price has moved 120 degree from the lo, with a 50% retracement,
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"Millionaires don't use astrology, billionaires do"
  • #79,906
  • May 11, 2008 12:31pm May 11, 2008 12:31pm
I've never seen so many Fibonacci Fans before!

USDJPY & GBPJPY have sketched a same pattern on the dailies. Both are heading down... down..down..........
  • #79,907
  • May 11, 2008 1:09pm May 11, 2008 1:09pm
Price gap probably around 199.9x-200.8x
  • #79,908
  • May 11, 2008 1:14pm May 11, 2008 1:14pm
If price retest 192 and success the we will see 189
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  • #79,909
  • May 11, 2008 1:24pm May 11, 2008 1:24pm
Quoting PandoraBox
If price retest 192 and success the we will see 189

Pandora, the only problem with that is the wave 1 oscilator is greater than any peaks of the wave 3 oscilator, which wave 3 must be greatest of the readings, This suggest a ABC W4 of larger trend driving north. Further suggesting your w4 is a w1 and we are working w2 retrace maybe
"Millionaires don't use astrology, billionaires do"
  • #79,910
  • May 11, 2008 1:25pm May 11, 2008 1:25pm
Pandora... how good are you at counting Elliott waves?
  • #79,911
  • May 11, 2008 1:27pm May 11, 2008 1:27pm
Quoting DutchTrader
Yep, I'll be waiting with bermudas on at the top of the range.

all the analysis i've heard and read so far are prediction the 90s area for UJ. however, i believe that 101.60 - 101.20 are a bit impossible to breach at the moment. now if a fall really happens, i think it should be limited to this month ONLY. take a look at this monthly chart for UJ, the chart after that is a zoom in. there is also a fibo fan support for the current price, price breached in march and closed on top of it on april, and now the price kissed it last week.

i believe in fibo fans, especially on BIG timeframes.

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  • #79,912
  • May 11, 2008 1:29pm May 11, 2008 1:29pm
same stochastic convergence on GJ monthly...


Quoting lilmoe
all the analysis i've heard and read so far are prediction the 90s area for UJ. however, i believe that 101.60 - 101.20 are a bit impossible to breach at the moment. now if a fall really happens, i think it should be limited to this month ONLY. take a look at this monthly chart for UJ, the chart after that is a zoom in. there is also a fibo fan support for the current price, price breached in march and closed on top of it on april, and now the price kissed it last week.

i believe in fibo fans, especially on BIG timeframes.

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  • #79,913
  • May 11, 2008 1:31pm May 11, 2008 1:31pm
so far, my fibo fan and fibo FE analysis of the drop from 209 have come to be very true. these things are pretty powerful.
  • #79,914
  • May 11, 2008 1:46pm May 11, 2008 1:46pm
95 is the critical area where the BoJ intervenes. FWIW so I'm looking for 96 again, then we'll see intervention by the BoJ.

At the moment I think we'll see the exporter led retrace in Asian Open. Now depending on the risk aversion we will likely test the fibo from the 108 move down to 96 at 100 area as I mentioned in a previous post
Patience + Humility + Study = Success
  • #79,915
  • May 11, 2008 1:46pm May 11, 2008 1:46pm
here's a chart i posted 5 posts ago, i've added other stuff to it. i wish i noticed this before. but hey, the more u trade, the more u learn.

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  • #79,916
  • May 11, 2008 1:46pm May 11, 2008 1:46pm
Quoting OrionsWay
Pandora, the only problem with that is the wave 1 oscilator is greater than any peaks of the wave 3 oscilator, which wave 3 must be greatest of the readings, This suggest a ABC W4 of larger trend driving north. Further suggesting your w4 is a w1 and we are working w2 retrace maybe

20% I'm agree with your opinion. However if we see wave 3, there are 3 peaks cycle and if we combine all the 3 peaks cycle it will bigger then wave 1. Thanks for the opinion and maybe I'm wrong.


p/s: GJ drop from 201.10 to 200.70
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  • #79,917
  • May 11, 2008 2:02pm May 11, 2008 2:02pm
Quoting PandoraBox
20% I'm agree with your opinion. However if we see wave 3, there are 3 peaks cycle and if we combine all the 3 peaks cycle it will bigger then wave 1. Thanks for the opinion and maybe I'm wrong.


p/s: GJ drop from 201.10 to 200.70
Pandora in your chart , the peaks within that wave down u will see 3 peaks 1 strong 2 strongest 3 weaker than 2 meaning the wave structure of that move was indeed a 5 wave set, In the bigger picture the peak 1 is strongest and peak 2 weaker, wave 3 is always the largest in strength and wave 4 the signal must cross zero before conditions have been met for a minimum w4. Adding them 3 peaks can never constitute as a whole for such structure. But this could indeed become a massive extension wave 3 and those 3 peaks could only be a intenal wave1 of 3, if this is the case then we shall see a massive oscilator peak greater than that wave 1 peak u show. But such a thing doesnt seem possbile unless perhaps a nuclear reactor blows up in UK causing country wide destruction.
The technicals of the oscilator are rock solid if you look backwards in time, a macd 5 35 5 is also same indicator with benefits of a signal line. Just my opinion, I am wrong lots.
"Millionaires don't use astrology, billionaires do"
  • #79,918
  • May 11, 2008 2:04pm May 11, 2008 2:04pm
Is there anyone who is interested with weekly calendar, and tell us what are the news that will effect this week's trend?
  • #79,919
  • May 11, 2008 2:29pm May 11, 2008 2:29pm
That is my chart. It say a lot.
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It’s just emotions & money
  • #79,920
  • May 11, 2008 2:41pm May 11, 2008 2:41pm
good night great shahroodi
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