DislikedIf I am not WRONG, gap is filled, and we are heading to 198.80 area...Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #111,521
- Sep 8, 2008 11:29am Sep 8, 2008 11:29am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #111,523
- Sep 8, 2008 11:30am Sep 8, 2008 11:30am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
4h candle just closed just below gann line, 4h QQE starting to curve down, no way will I be long just yet (except for scalps)
For now, on smaller TF's we might get some retracements here n there so the QQE's will get out of the oversold levels.
Now if the QQE on smaller TF's (15m,30m) start to recover quickly and even before price closed above their gann hilo's, this is an indication of bearish continuation once these small retracements are over.
Trade what you see, not what you think.
- #111,524
- Sep 8, 2008 11:36am Sep 8, 2008 11:36am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I wouldn't go long because once 4h QQE crosses down, this beast will start a big move.
For now, on smaller TF's we might get some retracements here n there so the QQE's will get out of the oversold levels.
Now if the QQE on smaller TF's (15m,30m) start to recover quickly and even before price closed above their gann hilo's, this is an indication of bearish continuation once these small retracements are over.
It is my turn to BUY a Porsche
- #111,525
- Sep 8, 2008 11:37am Sep 8, 2008 11:37am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
No Worries BRO,
It is my turn to BUY a Porsche
Trade what you see, not what you think.
- #111,528
- Sep 8, 2008 11:39am Sep 8, 2008 11:39am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
lol, buy me a 911 Turbo also
discount for 2
i support that view. we should be up for a daily correction.
- #111,532
- Sep 8, 2008 11:58am Sep 8, 2008 11:58am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #111,533
- Sep 8, 2008 12:02pm Sep 8, 2008 12:02pm
- Joined Aug 2007 | Status: Jamaica | 1,069 Posts
Up, my friend, I cannot predict the market, but we Just retrace 61FIBO from our {contraversial UP move to 195.66} and + 20-30 pips to fill the gap,
By the Books, we have to have another move UP to 198.80 (at least) and then another BIG drop DOWN...
But As I said, this is ONLY calculations...
Hussin saying 2 gaps, with one closed is a continuation pattern.
.... gbp/usd and gbp/yen are (from the start of day)moving in sync and gbp/usd broke through major monthly support with good volume. So I vote for down. But I suppose this is forex so anything may happen.
- #111,535
- Sep 8, 2008 12:07pm Sep 8, 2008 12:07pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
is this second position or second try??? 4hr qqe just crossed on my new 4 hr.
- #111,538
- Sep 8, 2008 12:16pm Sep 8, 2008 12:16pm
yes QQE H4 already crossed....but we still have another 220 minutes to go before we can concluded QQE crossed completely on H4 otherwise GJ can swing to north anytime....
Price does what price wants , I just need to be prepared.
- #111,540
- Sep 8, 2008 12:17pm Sep 8, 2008 12:17pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Interesting, is that from EW theory? Hmmm..., then we have in the other corner
it is only a calculation, but you see the market is very unpredictable, dangerous time... but Get back to calculation, YES it is an EW theory, and YES, we are after a Jump of 1000pips or more (1400) move, before we finish Our Bear story by the end of this Year !!