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

  • #89,121
  • Jun 5, 2008 4:26am Jun 5, 2008 4:26am
Quoting damonl
what's after death....new life. are you still thinking that there will be a short term bull run as you were thinking last week?
Where did you find any of my posts that stated I was looking for a bull run?
I think you had missunderstood, I was reffering to the immenent drop, depending on the time frame and price levels I do see a sideways to up movement on the Geppy, that what I was saying, but only AFTER the drop had finished.
  • #89,122
  • Jun 5, 2008 4:29am Jun 5, 2008 4:29am
price dropped back below daily resistance!
  • #89,123
  • Jun 5, 2008 4:30am Jun 5, 2008 4:30am
hahaha

say hello to USDJPY 106-107
say hello to GBPJPY 207-208

i'll stay my post long until tonite
let see what will happend at 7am
  • #89,124
  • Jun 5, 2008 4:30am Jun 5, 2008 4:30am
Quoting gene22
Where did you find any of my posts that stated I was looking for a bull run?
I think you had missunderstood, I was reffering to the immenent drop, depending on the time frame and price levels I do see a sideways to up movement on the Geppy, that what I was saying, but only AFTER the drop had finished.
hmmmm...i tought it was last week, but not worh looking for. might have been someone else who thought long next week, then a big drop and then 3 months of up
"Keep your eyes on the helpers" - Mr. Rogers
  • #89,125
  • Jun 5, 2008 4:32am Jun 5, 2008 4:32am
Quoting gene22
Where did you find any of my posts that stated I was looking for a bull run?
I think you had missunderstood, I was reffering to the immenent drop, depending on the time frame and price levels I do see a sideways to up movement on the Geppy, that what I was saying, but only AFTER the drop had finished.
Im not trying convince you GBP/JPY is going be bullish, but IMHO it may be sideways for the next year, while the world waits for a drop. I'm not trying say GBP/USD is going to be bearish, or GBP/AUD is going to be bullish, after looking at the monthly charts. I appreciate your insight, but I just trade what I can.
  • #89,126
  • Jun 5, 2008 4:39am Jun 5, 2008 4:39am
GBPJPY try to climb up again
OIL try to south kababooommm
  • #89,127
  • Jun 5, 2008 4:40am Jun 5, 2008 4:40am
Hi Gene, does it mean that you expect price to below the 1995 low at some point in time? Sebastien
  • #89,128
  • Jun 5, 2008 4:42am Jun 5, 2008 4:42am
Quoting Que
... (Yes it did get stopped out), but I have been short all day. I can not see how we can be a long with everything pegging the overbought for the last 12 hours.
You and me both. I just wrote it off to a good trade that didn't work out. Cost of doing business. What does bite tho is I had this hinky feeling much earlier today, totally subjective, and just marginalized it.

Days like this will help to insure that doesn't happen in future. On to the next one bro...
FUBAR...
  • #89,129
  • Jun 5, 2008 4:43am Jun 5, 2008 4:43am
Quoting gene22
Lol, let me put it this way, everything in universe behaves according to the law of nature: the stars get born- 1st wave, grow- 2nd wave, mature-3rd wave, start to age-4th wave, and then finally die-5th wave. The same can be applied to any living thing, you and me and of course the markets. The usd/yen pair is in a dying mode at the moment it had finished a major 4th wave on 6/22/07 and had enterd it's final 5th wave decline, but in that decline there are also waves and currently we are nearing the end of another 4th of a smaller degree. A resumption to complete the last fall will start, yes I'm confident simply because so far I have'd seen anything in nature to deviate from this law for millions of years, I'd say this gives me plenty of confidence

Your assumption is based on the believe that markets behave according to their "nature" and are free, but they aren't, that's why it could be that this thing (what I don't believe), could rocket to the moon if somebody wanted it to.
If it could be sustained at those levels is the question of course.
  • #89,130
  • Jun 5, 2008 4:43am Jun 5, 2008 4:43am
Uj
Attached Image
  • #89,131
  • Jun 5, 2008 4:45am Jun 5, 2008 4:45am
15min possible divergence starting to appear?
Attached Image (click to enlarge)
Click to Enlarge Name: gj 30min.gif Size: 33 KB
  • #89,132
  • Jun 5, 2008 4:46am Jun 5, 2008 4:46am
Quoting Ultraman
GBPJPY try to climb up again
OIL try to south kababooommm

im too
  • #89,133
  • Jun 5, 2008 4:46am Jun 5, 2008 4:46am
Quoting Clouds
Uj
Attachment
Clouds

always wondered why u dont use MT4?
  • #89,134
  • Jun 5, 2008 4:46am Jun 5, 2008 4:46am
dont get it, usd is strenghtening like crazy.
do we not have increasing unemployment numbers later today? plus good cad news and plus euro news coming now? i wait!
  • #89,135
  • Jun 5, 2008 4:48am Jun 5, 2008 4:48am
Quoting alearner
Clouds

always wondered why u dont use MT4?
I have a Mac
  • #89,136
  • Jun 5, 2008 4:48am Jun 5, 2008 4:48am
Quoting Clouds
I don't believe in the Elliot Wave, sorry
same with me i dont believe what the crapper elliot wave
my friend doing analyze by using elliot wave but it's useless
now he use my system
  • #89,137
  • Jun 5, 2008 4:49am Jun 5, 2008 4:49am
Quoting gene22
Lol, let me put it this way, everything in universe behaves according to the law of nature: the stars get born- 1st wave, grow- 2nd wave, mature-3rd wave, start to age-4th wave, and then finally die-5th wave. The same can be applied to any living thing, you and me and of course the markets. The usd/yen pair is in a dying mode at the moment it had finished a major 4th wave on 6/22/07 and had enterd it's final 5th wave decline, but in that decline there are also waves and currently we are nearing the end of another 4th of a smaller degree. A resumption to complete the last fall will start, yes I'm confident simply because so far I have'd seen anything in nature to deviate from this law for millions of years, I'd say this gives me plenty of confidence
Interesting, I love your metaphysical approach. Now the million dollar question is how can we reasonably identify the different stages? How can we be sure we are in fact in, say, the 4th wave and not a sub-wave within the 3rd wave?
  • #89,138
  • Jun 5, 2008 4:50am Jun 5, 2008 4:50am
boy these flies are really sexually active and seem to love promiscuity.
  • #89,139
  • Jun 5, 2008 4:51am Jun 5, 2008 4:51am
Quoting aediaz1
I'm not saying you're wrong, but I don't understand how experienced participants here on FF can say stuff like this. You do agree on that we trade based on probabilities, right ? If not, there is no point going further with this discussion.

I have seen some good analyzes from you, no doubt, and happen to be some that obtain market experience on this thread. But again, it amaze me how some traders can exclude the opposite scenario to happen.

Are you saying; my analyze have an absolutely sure outcome with no potential failure ?
Yes, you are correct, there is an opposite scenario that I of course have at the moment, but, and I repeat there is a big BUT, in order for that to happen there has to be a major fundamental shift in the markets and the entire world economy, and that scenario at this point is beyond unlikelly, beyond....
Everything right now to me is noise, pure and simple noise, The shift on the 1st that I was waiting for since the last low on 3/17 happened, price wize and time wize, untill it is invalidated I will stick to it period. There are some other minor possibilities of the last high being exceeded, as I had stated earlier but that has to happen for me to switch to neutral view first or turn even more bearish at a later point. I have the next day in advance allready, so will watch and see. Judging by the recent price action and a very important announcements that are about to happen I treat this as buy the rumor sell the fact type of rally, nothing more, nothing less, you might think that the current dollar rally looks impressive, but it is nothing more than a correction, a classic continuation bear flag pattern. Here is a freebie, hey Clouds, you there?! watch what happens on the 9th once the price alligns it self with time, if the price will reach 74.40-50 on that day, that's approximatelly 70 pips up from current levels on the dollar index, watch out below.... I wouldn't want to be long any USD at that point.

LOL, sure outcome, anything sure in this life are death and taxes, moving on to the current situation I would say that presently some key levels would have to be invalidated on a daily closing bases, some major shifts would have to occur, and if that does happen I will change my view and switch my positions. I rarelly trade intraday the way most here are in FF. I built my positions similar to institutionals and then once the move is confirmed I may add to it more, on the intraday basis and start to liqudate according to time schedule and some extreme price levels.
  • #89,140
  • Jun 5, 2008 4:51am Jun 5, 2008 4:51am
Quoting GodfreyH
Interesting, I love your metaphysical approach. Now the million dollar question is how can we reasonably identify the different stages? How can we be sure we are in fact in, say, the 4th wave and not a sub-wave within the 3rd wave?
hmm, we guess?
Trade what you see, not what you think.
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