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

  • #121,061
  • Oct 9, 2008 9:47pm Oct 9, 2008 9:47pm
Price channeling down nicely on 5m
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  • #121,062
  • Oct 9, 2008 9:48pm Oct 9, 2008 9:48pm
Quoting belekas
Good morning everybody. Rainy and cold day outside my window and just a perfect time to scalp some pips here and there. Hows everybody doing today? Ready for some freaky friday action?

Hola
good morning
I recommend you read something else as this sentence is now concluded.
  • #121,063
  • Oct 9, 2008 9:48pm Oct 9, 2008 9:48pm
Quoting PandoraBox
Morning bro.
Morning mate Obaidah and others...
  • #121,064
  • Oct 9, 2008 9:49pm Oct 9, 2008 9:49pm
Quoting markam
I remember being amazed at how fast and far GJ fell last fall. Looking at the monthly chart, you can see that GJ has fallen further, and fell at about twice the rate as last fall.

simply amazing times. I feel like I am living at the end of the Roman Empire, except with the internet.
By now you have to be living in the Caymen Islands earning 20%.

Indicators show the past. Price Action "Indicates" the future.
  • #121,065
  • Oct 9, 2008 9:59pm Oct 9, 2008 9:59pm
Daily already break lower TL
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  • #121,066
  • Oct 9, 2008 10:08pm Oct 9, 2008 10:08pm
The 100% extension of wave W is at 165.47 and is a potential objective. Be aware that divergence with RSI on the daily does now exist so there is potential for a bottom of some degree to form.

Based on my monthly charts, my TP is around 165.50-80..

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[
  • #121,067
  • Oct 9, 2008 10:09pm Oct 9, 2008 10:09pm
H1, H4 & M30 momentums are pointing sharply to the upside
I recommend you read something else as this sentence is now concluded.
  • #121,068
  • Oct 9, 2008 10:23pm Oct 9, 2008 10:23pm
5m QQE crossed up and candle closed above 5m Gann though we are still inside a descending channel i have posted before on 5m. We get a cross back to the downside and im short to the ltl of this descending channel.
  • #121,069
  • Oct 9, 2008 10:33pm Oct 9, 2008 10:33pm
Best time to be a FOREX TRADER
  • #121,070
  • Oct 9, 2008 10:42pm Oct 9, 2008 10:42pm
I think we've already seen the bottom. See my post and chart here.

R

Quoting rgitt05
The 100% extension of wave W is at 165.47 and is a potential objective. Be aware that divergence with RSI on the daily does now exist so there is potential for a bottom of some degree to form.

Based on my monthly charts, my TP is around 165.50-80..

  • #121,071
  • Oct 9, 2008 10:52pm Oct 9, 2008 10:52pm
you bet.

Quoting spiderforex
Best time to be a FOREX TRADER
"People sometimes mistake luck with skill"
  • #121,072
  • Oct 9, 2008 10:53pm Oct 9, 2008 10:53pm
Let's brace for the Europe/London open! Fasten your seatbelts please.
"People sometimes mistake luck with skill"
  • #121,073
  • Oct 9, 2008 10:55pm Oct 9, 2008 10:55pm
So where is a ultimate target 160 or 153 ?

Wha do u think ?
  • #121,074
  • Oct 9, 2008 10:56pm Oct 9, 2008 10:56pm
Hi everyone!

Does anyone have an idea on what is gonna happen to the gu?

looks to me we may see a huge retracement any time soon.

need some ideas please..
Mediocrity is costly, contentment is great gain.
  • #121,075
  • Oct 9, 2008 11:07pm Oct 9, 2008 11:07pm
Quoting The Watcher
Hi everyone!

Does anyone have an idea on what is gonna happen to the gu?

looks to me we may see a huge retracement any time soon.

need some ideas please..

I think so to, hugh retracement will happen
  • #121,076
  • Oct 9, 2008 11:12pm Oct 9, 2008 11:12pm
Quoting fxinthesun
I think so to, hugh retracement will happen
you think a retracement will happen or PA tells that?
  • #121,077
  • Oct 9, 2008 11:16pm Oct 9, 2008 11:16pm
Quoting 5ysfx
So where is a ultimate target 160 or 153 ?

Wha do u think ?
What I see is....new lower for GJ.
  • #121,078
  • Oct 9, 2008 11:17pm Oct 9, 2008 11:17pm
Quoting 5ysfx
So where is a ultimate target 160 or 153 ?

Wha do u think ?
after break of monthly 76.4 fibo line, we will see a 100 % full fibo retrace,
which is on my charts around 145.

But it wonŽt go in a straight way, there have to be 2 or 3 bullish
weeks.

I think around 160 IŽll exit some short terme (=daily) shorts.
  • #121,079
  • Oct 9, 2008 11:21pm Oct 9, 2008 11:21pm
I'm hoping to cover my short 170.05 about 2 hrs before US open, hopefully somewhere in the 165 area or below. Federal or Goverment stooges are definitely gonna intervene tonight.

Imagine the headlines tonight:
Cox announces indefinite ban on all short selling, covered or naked.
Bernanke announces emergency loan of 500 billion to all who want it
Bush pushes for 2nd stimulus package worth 300 billion
Paulson announces spending for the 700 billion approved, plans to lobby for the 2nd and 3rd 700 billion bailout package simultaneously

US Treasury issues 1.5 trillion worth in new bonds
  • #121,080
  • Oct 9, 2008 11:29pm Oct 9, 2008 11:29pm
Quoting peaches
after break of monthly 76.4 fibo line, we will see a 100 % full fibo retrace,
which is on my charts around 145.

But it wonŽt go in a straight way, there have to be 2 or 3 bullish
weeks.

I think around 160 IŽll exit some short terme (=daily) shorts.
thx for reply
this is what i see atm

below 166 is open space to 152-153 LTL and FE 261.8% of subwave 1 of wave 3 in wave C or Z
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