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

  • #83,161
  • May 21, 2008 12:16pm May 21, 2008 12:16pm
conditions is very good in GU for bear camp
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  • #83,162
  • May 21, 2008 12:17pm May 21, 2008 12:17pm
Quoting toyboy tramp
What are the spreads like?
  • #83,163
  • May 21, 2008 12:17pm May 21, 2008 12:17pm
Quoting shakesfx
I agree bro.
U got rid of your longs?
  • #83,164
  • May 21, 2008 12:20pm May 21, 2008 12:20pm
Quoting lilmoe
actually yes, lots have happend, first 132 was reached

second, each time oil was making a new high GJ was going back to 202.60 area.
GJ is in a range, what's the big deal? you sounded like there is going to be some explosive movement in GJ lol
Trade what you see, not what you think.
  • #83,165
  • May 21, 2008 12:21pm May 21, 2008 12:21pm
Quoting quecee5
U got rid of your longs?
Yes bro, Short from this area as I have a 4hr Doji, 1hr doji, almost a Daily doji, Daily Doji on G/U, E/J's failure to break through 163 again, and daily Z Stochs and QQE crossed down on this pair.

Not certain in this market though, so tight SL above 203.80. What do you think bro? Are you on the sidelines or Short too?
  • #83,166
  • May 21, 2008 12:22pm May 21, 2008 12:22pm
Quoting PandoraBox
Wave 1 to 5, is an impulse wave, corrective wave (ABC) will come after complete wave 5.
I believe that same thing I did said. We are in Down movement from 251. so wave 1,3, and 5 are impulsive and 2 and 4 are corrective. The same is with ABC correction after wave 5.

So Each Impulsive wave 1,3,5,A and C are made of 5 waves..
So Each corrective wave 2, 4 and B usually are made of 3 waves: ABC, WXY,...

http://www.doske.com/fx/Elliott_wave.png
  • #83,167
  • May 21, 2008 12:24pm May 21, 2008 12:24pm
Quoting shakesfx
Yes bro, Short from this area as I have a 4hr Doji, 1hr doji, almost a Daily doji, Daily Doji on G/U, E/J's failure to break through 163 again, and daily Z Stochs and QQE crossed down on this pair.

Not certain in this market though, so tight SL above 203.80. What do you think bro? Are you on the sidelines or Short too?
I sold my short @ 202.60 area and I'm now on the sidelines waiting to short at higher price. . . Right now price is trading above intraday pivot (203.19) so it may make another upmove to 203.65/85 area. . . I'll evaluate price once it gets there for a potential short opportunity on a failure to close above it. . .
  • #83,168
  • May 21, 2008 12:39pm May 21, 2008 12:39pm
Quoting karmostaji
GJ is in a range, what's the big deal? you sounded like there is going to be some explosive movement in GJ lol

sorry u lost on ur long pal. don't take it out on me... i have my short set at B/E made lots of pips today.. doesn't matter to me where it goes now. i'm not going long unless i see 203.60 breached by at least an m30 candle.

i did mention earlier, way earlier that 202.60 was pretty tough. and i was right.
  • #83,169
  • May 21, 2008 12:40pm May 21, 2008 12:40pm
Quoting quecee5
I sold my short @ 202.60 area and I'm now on the sidelines waiting to short at higher price. . . Right now price is trading above intraday pivot (203.19) so it may make another upmove to 203.65/85 area. . . I'll evaluate price once it gets there for a potential short opportunity on a failure to close above it. . .

You're right...doesnt look like the Doji's want to play their tune at the moment...SL around 204, will let this one ride for a while...think 203.70/80 will cap this move
  • #83,170
  • May 21, 2008 12:45pm May 21, 2008 12:45pm
Quoting shakesfx
You're right...doesnt look like the Doji's want to play their tune at the moment...SL around 204, will let this one ride for a while...think 203.70/80 will cap this move
204 before asian session
  • #83,171
  • Edited 12:50pm May 21, 2008 12:46pm | Edited 12:50pm
Quoting shakesfx
You're right...doesnt look like the Doji's want to play their tune at the moment...SL around 204, will let this one ride for a while...think 203.70/80 will cap this move

203.50 still holds as strong resistance too
  • #83,172
  • May 21, 2008 12:48pm May 21, 2008 12:48pm
Quoting PandoraBox
204 before asian session

You been flipping coins again?
  • #83,173
  • May 21, 2008 12:49pm May 21, 2008 12:49pm
Quoting lilmoe
203.50 still holds as string resistance too

  • #83,174
  • May 21, 2008 12:49pm May 21, 2008 12:49pm
Quoting lilmoe
203.50 still holds as string resistance too
The TL is gone, but the good news is, that a lot of Resistance is above..
  • #83,175
  • May 21, 2008 12:51pm May 21, 2008 12:51pm
Quoting Piters
I believe that same thing I did said. We are in Down movement from 251. so wave 1,3, and 5 are impulsive and 2 and 4 are corrective. The same is with ABC correction after wave 5.

So Each Impulsive wave 1,3,5,A and C are made of 5 waves..
So Each corrective wave 2, 4 and B usually are made of 3 waves: ABC, WXY,...
251 already completed, you can check using the EW Osci or thru
MACD 5, 34,5. Now we are in wave b, but still not completed yet.
  • #83,176
  • May 21, 2008 12:52pm May 21, 2008 12:52pm
quote=shakesfx;2013091][/quote]

Here is what I'm seeing. . .

1hr/4hr chart 4 u. . .
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  • #83,177
  • May 21, 2008 12:55pm May 21, 2008 12:55pm
Quoting quecee5
Here is what I'm seeing. . .

1hr/4hr chart 4 u. . .

Pointing up
  • #83,178
  • May 21, 2008 12:59pm May 21, 2008 12:59pm
Quoting Piters
The TL is gone, but the good news is, that a lot of Resistance is above..

lots of other TLs, lots of MAs lots of ganns, and lots of key fibos..... if this thing goes through all of this it could shoot back to retest daily ascending TL, otherwise i almost positive it should be heading to the crapper. more resistance than there i support.
  • #83,179
  • May 21, 2008 1:01pm May 21, 2008 1:01pm
Quoting Piters
I believe that same thing I did said. We are in Down movement from 251. so wave 1,3, and 5 are impulsive and 2 and 4 are corrective. The same is with ABC correction after wave 5.

So Each Impulsive wave 1,3,5,A and C are made of 5 waves..
So Each corrective wave 2, 4 and B usually are made of 3 waves: ABC, WXY,...

http://www.doske.com/fx/Elliott_wave.png
Bro, not trying to discredit the EW. The way how the wave is counted is quite relative to one's interpretation and time frame. Sometimes it can be a bit illusive...Hence, I never find it beneficial to own use. It may just be me. In
FF, a couple of people that I know (El Grande, .. ) using it much. If you find it extremely helpful and make consistently profit, then it's the way to go and I would like to listen to your insights someday if you don't mind and kindly to share more.. Nonetheless .. just wanna share my past experience..cool..
  • #83,180
  • May 21, 2008 1:07pm May 21, 2008 1:07pm
Short @ 203.77 with SL @ BE. . . UJ looks like it's on the verge of tanking. . .
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