Karmo, are you still looking to short this at 4hr 5SMA? just curious
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #103,622
- Jul 24, 2008 9:52am Jul 24, 2008 9:52am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #103,623
- Jul 24, 2008 9:53am Jul 24, 2008 9:53am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #103,626
- Jul 24, 2008 9:55am Jul 24, 2008 9:55am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #103,627
- Jul 24, 2008 9:58am Jul 24, 2008 9:58am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
From the very top @ 251.10 we had 2impulsive and 2 corrective waves.
When you draw na Gann Fan from the top and on the bottom @ 192.47 we can see some very interesting situations: the price respect Gann lines, from the very first wave down to 219.27 [8x1] then to second one (corrective) up to 241.37 [8x5]blue line ... then the third wave to 192.47 [8x5]blue line and now we are about to finish the forth wave which seams to be limited to 216.20 [8x5] blue line. A lot of confluation @ 216.20 with AB=CD pattern finishing @ the same area, supported with the major TL from the very top of this big Drop @ GY.
Conlcusion: I am expecting the price to retrace to 212.50 area and get back to the 216.22 to finish this move-wave-pattern, somewhere next week, but most likely around early next month: then we are ready to the final drop - estimating 186-172 area..
- #103,628
- Jul 24, 2008 10:01am Jul 24, 2008 10:01am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #103,629
- Edited 10:25am Jul 24, 2008 10:05am | Edited 10:25am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Piters, your getting the hang of it, good job
That is the Purpose of Life
Every day in Every way We are getting Better and Better !
- #103,630
- Jul 24, 2008 10:13am Jul 24, 2008 10:13am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
haha.. Hussin.. enjoy your vacation there .. it must be very nice. Tell us more about it
we see a bearish engulfing pattern for today
attention :in fact a bearish engulfing pattern is a really reversal pattern
im waiting a 3 outside down
- #103,631
- Jul 24, 2008 10:24am Jul 24, 2008 10:24am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
hi dear mktjong
we see a bearish engulfing pattern for today
attention :in fact a bearish engulfing pattern is a really reversal pattern
im waiting a 3 outside down
Learn from your mistakes, it will only make you better.
Thanks for the bitter lessons of the past.
- #103,633
- Jul 24, 2008 10:44am Jul 24, 2008 10:44am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Thanks guys!
That is the Purpose of Life
Every day in Every way We are getting Better and Better !
"Millionaires don't use astrology, billionaires do"
- #103,635
- Jul 24, 2008 11:04am Jul 24, 2008 11:04am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #103,636
- Jul 24, 2008 11:09am Jul 24, 2008 11:09am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
.
Imanuel Parsifal
- #103,638
- Jul 24, 2008 11:15am Jul 24, 2008 11:15am
any1 lookin at a buy around 212 for either a retrace to 214 then back down..or a test of 216 again?
- #103,639
- Jul 24, 2008 11:22am Jul 24, 2008 11:22am
shorted at 213.38 a little while ago,already 43 pips now,dont know where to target yet but i think 50 pips is enough for tonite,must no be greedy,thats how to handle this beast i think.
but i think 50 pips is enough for tonite,must no be greedy,thats how to handle this beast i think.
- #103,640
- Jul 24, 2008 11:24am Jul 24, 2008 11:24am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
shorted at 213.38 a little while ago,already 43 pips now,dont know where to target yet