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

  • #88,761
  • Jun 4, 2008 1:11pm Jun 4, 2008 1:11pm
Dear friends.,
I agree that most of you are in bearish mode.
just my sharing of daily chart.
241.35----192.54 is a motive wave.My suggestion is that currently in a double zz correction.
Some trader who use tf4H would see that 192.54 is wave 3 and currently in wave correction.My daily view suggest those low was wave5.
If price goes up to upper 207.07 and main trend on tf 4H flip to uptrend,then I prefer white count.Anyway if price goes down to 203.85 and continuation of dt, I'll looking to alternate count blue.Head n shoulder well seen on tf4H only valid on breaking neckline-then my target would be 200.30-201.xx
I'll wait and hopefully my itchy fingers do not trigger a trade until the light comes in.
I am no good in counting,just posting for a thought(if it is brainy enough)-For me it is my road map-entering a market on indi/price action as filter.
Attached Image (click to enlarge)
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  • #88,762
  • Jun 4, 2008 1:11pm Jun 4, 2008 1:11pm
Quoting ak4x
Here's a thing. In all the triple interest drivel I've ever read or contributed to myself, when is it exactly that all this buying supposedly takes place???

In other words, what buyer of any weight is going to slap their head at the last minute and say" omg, i forgot it's wednesday, quick, buy some dollars" then turn around and unload them at loss a few minutes or hours later. None methinks.

I can see them buying early and unloading at any profit at all, large or small, if triple interest is the goal, but one can see the diminishing returns thing kick in rather quickly if a loss is involved.

Unless one thinks the market is up anyway for awhile and holds them longer, in which case no sell off after it's paid.

Bottom line, WHEN do you feel all the 3x buying has been accounted for, (in an otherwise down market) or not?? And I'm talking about the big boys and "bigmoe" buying, not the rest of us tadpoles.
Sorry bro, but that last bit made me laugh.

OK, the way I see it is this...I totally ignore it. It doesn't fit in with my charts. BUT, because I ignore it, I've been bitten a couple of times.

Maybe one of the traders who actually trades the x3 can shed better insight than me...anyone?

Shakes
  • #88,763
  • Jun 4, 2008 1:11pm Jun 4, 2008 1:11pm
Quoting shakesfx
The European Comission has just issued a EU wide radiation alert after a Slovenian Nuclear plant shut down due to a problem with the "cooling system".....

The plant is proceeding to the safe shut down proceedure.....

All I know so far..
I pray all goes well
  • #88,764
  • Jun 4, 2008 1:12pm Jun 4, 2008 1:12pm
Quoting ak4x
Here's a thing. In all the triple interest drivel I've ever read or contributed to myself, when is it exactly that all this buying supposedly takes place???

In other words, what buyer of any weight is going to slap their head at the last minute and say" omg, i forgot it's wednesday, quick, buy some dollars" then turn around and unload them at loss a few minutes or hours later. None methinks.

I can see them buying early and unloading at any profit at all, large or small, if triple interest is the goal, but one can see the diminishing returns thing kick in rather quickly if a loss is involved.

Unless one thinks the market is up anyway for awhile and holds them longer, in which case no sell off after it's paid.

Bottom line, WHEN do you feel all the 3x buying has been accounted for, (in an otherwise down market) or not?? And I'm talking about the big boys and "bigmoe" buying, not the rest of us tadpoles.

very funny
  • #88,765
  • Jun 4, 2008 1:18pm Jun 4, 2008 1:18pm
Quoting Evilgoat
I pray all goes well

So do I, so do I...
  • #88,766
  • Jun 4, 2008 1:19pm Jun 4, 2008 1:19pm
Quoting de123
and bring some friends with u, so we can have a decent move...
Problem with KRSHKO > ??
  • #88,767
  • Jun 4, 2008 1:20pm Jun 4, 2008 1:20pm
Quoting mktjong
If I ain't wrong .. am expecting it to move another 100 pips at least before considering a reverse position .. it is based on Dow bullish divergence..but i can be definitely .. guaranteely ..superlatively ..awfully wrong ..

don't u just LOVE that DJ 4h candle?
look at that cute TL it couldn't breach

Attached Image (click to enlarge)
Click to Enlarge Name: dj_4h.gif Size: 18 KB
  • #88,768
  • Jun 4, 2008 1:22pm Jun 4, 2008 1:22pm
4H bearish pin bar on UJ....going short....
  • #88,769
  • Jun 4, 2008 1:24pm Jun 4, 2008 1:24pm
lilmoe
i see DOW below 12000
  • #88,770
  • Jun 4, 2008 1:25pm Jun 4, 2008 1:25pm
Quoting lilmoe
don't u just LOVE that DJ 4h candle?
look at that cute TL it couldn't breach

Attachment
here's a little more to add to DJ's misery

Attached Image
  • #88,771
  • Jun 4, 2008 1:27pm Jun 4, 2008 1:27pm
Quoting hussin naiji
lilmoe
i see DOW below 12000

yes my dear brother, yes
  • #88,772
  • Jun 4, 2008 1:39pm Jun 4, 2008 1:39pm
Quoting ak4x
UJ at TL convergence area (shaded green) between grey and white bear TL's on Daily chart.
New 6hr candle as of 1pm est to go with previous post.

Bernake in 10minutes... Closed for few pips profit, and may re-enter later.
Attached Image
FUBAR...
  • #88,773
  • Jun 4, 2008 1:41pm Jun 4, 2008 1:41pm
U/J, G/J, USD index are all pushing against the mid-term down trend channel after a three month bearish flag...Cable is heading back to 1.944, major support. Oil and Gold have seen a sell off. But the big boys are still holding dollars as they think its bottomed, is this why the DJIA decline hasn't been mirrored in forex?

I'm no economist but maybe there is no big fall coming? On the G/J long term, March's low could easily be a bottom on the multi-year up trend...G/J's recent behaviour favours a break out to the upside IMVHO, but I'm still learning her moves, and the bear in me wants that drop to 192 as much as you do, but what if there isn't one?

Money & Pain Respect the market, protect your capital, be patient
  • #88,774
  • Jun 4, 2008 1:47pm Jun 4, 2008 1:47pm
The European Commission says there has been no discharge into the environment. No explosion was reported either.
The Commission alerted all 27 EU member states under its Ecurie early warning system for nuclear emergencies.
A safe shutdown is in progress at the Krsko plant, which has a US-made pressurised water reactor. It supplies energy to Slovenia and Croatia.
"There is no influence on the environment and we do not expect any," said Slovenia's nuclear safety chief Andrej Stritar, quoted by Reuters news agency.
  • #88,775
  • Jun 4, 2008 1:49pm Jun 4, 2008 1:49pm
after the break of 1.96 I am looking for the pair to trace back up to 1.96 (hourlies are oversold), gain some breathing room on the RSI and then enter short on a bearish candlestick for a test of 1.9500.

My charts and analysis:
http://piphut.com/2008/06/technical-...-up-then-down/
"A goal without a plan is just a wish."
  • #88,776
  • Jun 4, 2008 1:50pm Jun 4, 2008 1:50pm
Quoting lilmoe
don't u just LOVE that DJ 4h candle?
look at that cute TL it couldn't breach

Attachment
Man .. first is testing the water, just like spying to gather all the info, then second time it comes with all the required armors to bomb there and here, in a matter of seconds, all become ashes.. not including me I hope ..
  • #88,777
  • Jun 4, 2008 1:53pm Jun 4, 2008 1:53pm
Quoting toyboy tramp
U/J, G/J, USD index are all pushing against the mid-term down trend channel after a three month bearish flag...Cable is heading back to 1.944, major support. Oil and Gold have seen a sell off. But the big boys are still holding dollars as they think its bottomed, is this why the DJIA decline hasn't been mirrored in forex?

I'm no economist but maybe there is no big fall coming? On the G/J long term, March's low could easily be a bottom on the multi-year up trend...G/J's recent behaviour favours a break out to the upside IMVHO, but I'm still learning her moves, and the bear in me wants that drop to 192 as much as you do, but what if there isn't one?


mixed feelings

we are going to have lots of these feelings, trust me. they want all the small fry out of the market before the drop

hold on bro, hold on. be patient, and ready
  • #88,778
  • Jun 4, 2008 1:53pm Jun 4, 2008 1:53pm
Another Puppy good nite everyone, c'ya in Asia

http://www.doske.com/Charts/snapshot-153.png
  • #88,779
  • Jun 4, 2008 1:53pm Jun 4, 2008 1:53pm
Smack that!
Attached Image
  • #88,780
  • Jun 4, 2008 1:54pm Jun 4, 2008 1:54pm
Quoting ak4x
Bernake in 10minutes... Closed for few pips profit, and may re-enter later.
Or not!!

I present to you the...." Bernake talkamucho spikeyupper " candle pattern on 3m
Attached Image
FUBAR...
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