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

  • #101,181
  • Jul 15, 2008 4:29pm Jul 15, 2008 4:29pm
Quoting trustGod1234
So where are you taking us ....I'm
again....

i think it might go to daily 5sma, that would be 211.
but since we have lots of resistance that was once tough support, price needs to close above dp 210.28 first to go to daily 5sma.

i'm going to follow my system for thursday and friday, and my system hasn't signalled a short yet. i go short when it does. that's all what i was saying...
  • #101,182
  • Jul 15, 2008 4:50pm Jul 15, 2008 4:50pm
Quoting malcolmb14
fear / greed .. I like it

.
alow me to elaborate; I have a suport/resistance line drawn @ 210.12, on my 15 minute chart it has hit that point 5 times, my fibo drawn from 211.85 to 208.85 puts a 23.6 @ 209.60, on the 15 minute chart the price is at my center Bollinger band and 3 candles ago it bounced down from the resistance at 210.12, So I will wait for the price to go down below the 23.6, I will wait for the price to be on the out side of the outer Bollinger, I want my MACD bar to be going through the Signal line and the Value line on the Stochastic to be under the Signal line. In conclussion, Fear is keeping me out of the sell trade at this point. Does that make Sense???
  • #101,183
  • Jul 15, 2008 5:04pm Jul 15, 2008 5:04pm
One thing to note about the psychology of maqrkets, when things are at the absolute worst or so it seems thats when TO BUYYYYYYYYYYY, for fear is shaking everyone out and Smart money steps into it and hard. Have we hit this point just yet. Looking like it could be a possiblity
"Millionaires don't use astrology, billionaires do"
  • #101,184
  • Jul 15, 2008 5:09pm Jul 15, 2008 5:09pm
Quoting OrionsWay
One thing to note about the psychology of maqrkets, when things are at the absolute worst or so it seems thats when TO BUYYYYYYYYYYY, for fear is shaking everyone out and Smart money steps into it and hard. Have we hit this point just yet. Looking like it could be a possiblity
I would consider a buy above 210.50
  • #101,185
  • Jul 15, 2008 5:18pm Jul 15, 2008 5:18pm
Quoting OrionsWay
One thing to note about the psychology of maqrkets, when things are at the absolute worst or so it seems thats when TO BUYYYYYYYYYYY, for fear is shaking everyone out and Smart money steps into it and hard. Have we hit this point just yet. Looking like it could be a possiblity
Very sensible and well said. It's the way the game is played. Buy fear, Sell greed. Just ask Nathan Rothchild.
  • #101,186
  • Jul 15, 2008 5:52pm Jul 15, 2008 5:52pm
Quoting OrionsWay
One thing to note about the psychology of maqrkets, when things are at the absolute worst or so it seems thats when TO BUYYYYYYYYYYY, for fear is shaking everyone out and Smart money steps into it and hard. Have we hit this point just yet. Looking like it could be a possiblity

hold on .... looking at dj chart .. nope not at 7500 yet ....not time to buy yet

Blogging daily now at www.volume.zone
  • #101,187
  • Jul 15, 2008 6:04pm Jul 15, 2008 6:04pm
To all who are concerned about Auslanco:
Since I have had some earlier contact with him re building his website for him, I have tried contacting him thru FF, Skype chat and email. Today, I also phoned his mobile in Australia and got voicemail. I left a message that there are many concerned friends of his and if possible, could he contact me in some way and I would update his forex friends with ONLY what he would like people to know.
If I hear anything, I will update on FF, in his trading room and on the website. The website address I would have to PM to you as I have been informed of a violation once already from FF.

Rod Potter
Trade what you see, not what you think.
  • #101,188
  • Jul 15, 2008 6:13pm Jul 15, 2008 6:13pm
Quoting malcolmb14
hold on .... looking at dj chart .. nope not at 7500 yet ....not time to buy yet


maybe its all done with but if it is it wont matter because like MARKAM say unless u have bullets across all nations money wont do much good for you.
and 7500 level will be a sell all day long


had to fudge the last bar to be current with today cuz data ended dec 07 but this is month chart going back to the existance of a market


we are in a wave 4 of this supercycle wave 5
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"Millionaires don't use astrology, billionaires do"
  • #101,189
  • Jul 15, 2008 6:13pm Jul 15, 2008 6:13pm
Quoting OrionsWay
One thing to note about the psychology of maqrkets, when things are at the absolute worst or so it seems thats when TO BUYYYYYYYYYYY, for fear is shaking everyone out and Smart money steps into it and hard. Have we hit this point just yet. Looking like it could be a possiblity
I would say it's about time to buy yen cross pairs now. I had said days before that Geppy would trade down to 208.xx before considering a good buy. Well, it reached that level yesterday .. now, am looking forward it to trade to 213.xx area or more again ..
  • #101,190
  • Jul 15, 2008 6:15pm Jul 15, 2008 6:15pm
Quoting PipLucky
alow me to elaborate; I have a suport/resistance line drawn @ 210.12, on my Fear is keeping me out of the sell trade at this point. Does that make Sense???
PipLucky,

Would you mind to post a chart please?

Thank you
Mike
Failure, is a wonderful teacher!
  • #101,191
  • Jul 15, 2008 6:20pm Jul 15, 2008 6:20pm
Quoting maestr2
To all who are concerned about Auslanco:
Since I have had some earlier contact with him re building his website for him, I have tried contacting him thru FF, Skype chat and email. Today, I also phoned his mobile in Australia and got voicemail. I left a message that there are many concerned friends of his and if possible, could he contact me in some way and I would update his forex friends with ONLY what he would like people to know.
If I hear anything, I will update on FF, in his trading room and on the website. The website address I would have to PM to you as I have been informed of a violation once already from FF.

Rod Potter
tks mate
appreciatedhttp://qsmile.com/qsimages/83.gif
  • #101,192
  • Edited 6:47pm Jul 15, 2008 6:32pm | Edited 6:47pm
It may have some gas left in it but it will require ALOT to coninue thats a fact

maybe one more week of declines as long as next weeks close is a close below this current weeks close, if not it will need to keep going until we get another close below this weeks close
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"Millionaires don't use astrology, billionaires do"
  • #101,193
  • Jul 15, 2008 6:33pm Jul 15, 2008 6:33pm
Quoting malcolmb14
hold on .... looking at dj chart .. nope not at 7500 yet ....not time to buy yet


i think this is buy time for the dow. looking at the monthly chart. target at 14800+ area.

it's the same sequence i posted for euro yesterday, and it's the same fibo sequence i've been using for some time now on my longer term trades. 127.2 hit, retrace back to 78.6 then head towards 161.8.

you won't be seeing 7500, not for years. the most this thing would go down is back to 61.8 at 10100 (which is alot of course, but not for a monthly chart)

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  • #101,194
  • Jul 15, 2008 6:55pm Jul 15, 2008 6:55pm
Quoting mktjong
I would say it's about time to buy yen cross pairs now. I had said days before that Geppy would trade down to 208.xx before considering a good buy. Well, it reached that level yesterday .. now, am looking forward it to trade to 213.xx area or more again ..
Agree 100%
  • #101,195
  • Jul 15, 2008 6:58pm Jul 15, 2008 6:58pm
Quoting mike1349
PipLucky,

Would you mind to post a chart please?

Thank you
Mike

Mike, I don't know why I can't up load a screen shot, I've done it before, I can e-mail one to you if you like.
  • #101,196
  • Jul 15, 2008 7:00pm Jul 15, 2008 7:00pm
intresting also this black line or the sq line taken off the primary wave 1 swing (green 1) is also acting as a major LT sup line almost to the tick

NM forgot that there is about 7 months of data missing and that angle would be much hier in value, which would of actual broken it
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"Millionaires don't use astrology, billionaires do"
  • #101,197
  • Jul 15, 2008 7:13pm Jul 15, 2008 7:13pm
Quoting lilmoe
i think this is buy time for the dow. looking at the monthly chart. target at 14800+ area.

it's the same sequence i posted for euro yesterday, and it's the same fibo sequence i've been using for some time now on my longer term trades. 127.2 hit, retrace back to 78.6 then head towards 161.8.

you won't be seeing 7500, not for years. the most this thing would go down is back to 61.8 at 10100 (which is alot of course, but not for a monthly chart)

Attachment
7500 is just a fun number I threw out there .... it may get there. This is 50% retracement of major move up.

I am not the only one calling this price level .....many investors are talking baout this level.

The financials of the US are WORSE now then they were in the Great Depression ... the diffecrence between now and then is that people in the Western world understood hard times cuase of the 1st World War .... now we owuld all panic if we went in to anything remotely like the Great Depression

Issues with Wachovia and Citibank now ..... what is going to hold the markets up ????

Hell we have not even started with the Credit Default swaps yet !!! Only with AIG and look at their stock.

Last year in order to support the markets Feds cut rates and cut rates and cut rates .. now inflation is a concern .... best they can do is mutter something about drilling for oil of coast of US to push oil futures down.

but hey when I mentioned that dj will not see 14400 level for a while and will see 10800 before it sees 14400 (that was when it was 14100) everyone thought i was nuts then .... lol ..
Blogging daily now at www.volume.zone
  • #101,198
  • Jul 15, 2008 7:20pm Jul 15, 2008 7:20pm
Quoting OrionsWay
intresting also this black line or the sq line taken off the primary wave 1 swing (green 1) is also acting as a major LT sup line almost to the tick

NM forgot that there is about 7 months of data missing and that angle would be much hier in value, which would of actual broken it

Here is dj with simple fib retracements ... we have undergone the best bull market from 1992 to 2007 ....15 years .... markets move in cycles look at chart ... 5years up and 3 years down is the cycle. That takes us through to 2010 in the bear cycle

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Blogging daily now at www.volume.zone
  • #101,199
  • Jul 15, 2008 7:30pm Jul 15, 2008 7:30pm
people who is thinking to short EJ because it broke the trend line should watch out,

i still hold my long from 166.60 and i am looking for at least 167

this is my chart and as u can see the breakout didn't have big volume
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  • #101,200
  • Jul 15, 2008 7:45pm Jul 15, 2008 7:45pm
Are we going to get stuck between Daily 200 SMA(Blue) and 50 EMA(Green) ? Hope not.

But I sure don't see enough momentum to break above this area.

Unless Bush announces he can actually make oil appear out of thin air !!!

What a circus today. I don't know how many times I about fell out of my chair listening to the Bernanke and Paulson comedy horror show....

Short at 210.30 with open t/p.

Haven't had a daily bar open beneath daily 200SMA in a while. Although my momentums are mixed.

Hope everyone is doing well.
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