Price channeling down nicely on 5m
Attached Image (click to enlarge)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #121,061
- Oct 9, 2008 11:47pm Oct 9, 2008 11:47pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #121,062
- Oct 9, 2008 11:48pm Oct 9, 2008 11:48pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
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
I recommend you read something else as this sentence is now concluded.
- #121,063
- Oct 9, 2008 11:48pm Oct 9, 2008 11:48pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Morning bro.
Obaidah and others...
- #121,064
- Oct 9, 2008 11:49pm Oct 9, 2008 11:49pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
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.
Indicators show the past. Price Action "Indicates" the future.
- #121,065
- Oct 9, 2008 11:59pm Oct 9, 2008 11:59pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #121,066
- Oct 10, 2008 12:08am Oct 10, 2008 12:08am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
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..
Based on my monthly charts, my TP is around 165.50-80..
[
- #121,067
- Oct 10, 2008 12:09am Oct 10, 2008 12:09am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
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 10, 2008 12:23am Oct 10, 2008 12:23am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #121,070
- Oct 10, 2008 12:42am Oct 10, 2008 12:42am
I think we've already seen the bottom. See my post and chart here.
R
R
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..
- #121,073
- Oct 10, 2008 12:55am Oct 10, 2008 12:55am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
- #121,077
- Oct 10, 2008 1:16am Oct 10, 2008 1:16am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #121,078
- Oct 10, 2008 1:17am Oct 10, 2008 1:17am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
So where is a ultimate target 160 or 153 ?
Wha do u think ?
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 10, 2008 1:21am Oct 10, 2008 1:21am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #121,080
- Oct 10, 2008 1:29am Oct 10, 2008 1:29am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
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.
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
