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

  • #83,161
  • May 21, 2008 10:16am May 21, 2008 10:16am
conditions is very good in GU for bear camp
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  • #83,162
  • May 21, 2008 10:17am May 21, 2008 10:17am
Quoting toyboy tramp
What are the spreads like?
  • #83,163
  • May 21, 2008 10:17am May 21, 2008 10:17am
Quoting shakesfx
I agree bro.
U got rid of your longs?
  • #83,164
  • May 21, 2008 10:20am May 21, 2008 10:20am
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 10:21am May 21, 2008 10:21am
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 10:22am May 21, 2008 10:22am
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 10:24am May 21, 2008 10:24am
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 10:39am May 21, 2008 10:39am
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 10:40am May 21, 2008 10:40am
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 10:45am May 21, 2008 10:45am
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 10:50am May 21, 2008 10:46am | Edited 10:50am
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 10:48am May 21, 2008 10:48am
Quoting PandoraBox
204 before asian session

You been flipping coins again?
  • #83,173
  • May 21, 2008 10:49am May 21, 2008 10:49am
Quoting lilmoe
203.50 still holds as string resistance too

  • #83,174
  • May 21, 2008 10:49am May 21, 2008 10:49am
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 10:51am May 21, 2008 10:51am
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 10:52am May 21, 2008 10:52am
quote=shakesfx;2013091][/quote]

Here is what I'm seeing. . .

1hr/4hr chart 4 u. . .
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  • #83,177
  • May 21, 2008 10:55am May 21, 2008 10:55am
Quoting quecee5
Here is what I'm seeing. . .

1hr/4hr chart 4 u. . .

Pointing up
  • #83,178
  • May 21, 2008 10:59am May 21, 2008 10:59am
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 11:01am May 21, 2008 11:01am
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 11:07am May 21, 2008 11:07am
Short @ 203.77 with SL @ BE. . . UJ looks like it's on the verge of tanking. . .
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