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

  • #122,321
  • Oct 15, 2008 1:56am Oct 15, 2008 1:56am
Quoting quecee5

A weekly close above the median line will challenge the upper descending channel line. . . If rejected = good shorting opportunity. If we see a break and weekly close above it a good buying opportunity on a pull back to challenge support.

I still say we are in wave 5 (4th wave in 5) and should see price start to head lower after completing it. . . Only a break and weekly close above 185/186 will change my view.
I think 185-186 still has serious chances to be reached in the next three days, but I don't know about going further;

trend seems to be long-ish across the board, only minor retracement, at least for now;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #122,322
  • Oct 15, 2008 1:59am Oct 15, 2008 1:59am
is the hourly H/S pattern void now? if it did it might match what you were saying.

Quoting slide
I think 185-186 still has serious chances to be reached in the next three days, but I don't know about going further;

trend seems to be long-ish across the board, only minor retracement, at least for now;
  • #122,323
  • Oct 15, 2008 2:01am Oct 15, 2008 2:01am
Here is what the "BIG" picture looks like if you put it all together from
4hr to weekly chart. . .

WHOLLY!

Almost like watching the picture being painted in real time - Just sit back and wait for the right set-up and hang on for the ride for larger pips while spending less time with your face glued to the computer. . .
Attached Image (click to enlarge)
Click to Enlarge Name: combo.gif Size: 65 KB
  • #122,324
  • Oct 15, 2008 2:05am Oct 15, 2008 2:05am
Quoting slide
I think 185-186 still has serious chances to be reached in the next three days, but I don't know about going further;

trend seems to be long-ish across the board, only minor retracement, at least for now;
I will wait for the weekly close before making a view on price long-term however, bias does seem to the downside but I'd like to see were the weekly candle closes which should give some long-term direction. . .
  • #122,325
  • Oct 15, 2008 2:10am Oct 15, 2008 2:10am
we finished a 38.2 fibo of the rally. 23.6 is proving as resistance (So far), i'm trying my luck with a short at 177.75 targeting 50% fibo at 173.70

i will lock some profit at 174.50
  • #122,326
  • Oct 15, 2008 2:10am Oct 15, 2008 2:10am
It is definitely looking bearish, just need a damn close below 4h gann and that QQE to cross down, and GJ should tank!

cmon you.. lol
Trade what you see, not what you think.
  • #122,327
  • Oct 15, 2008 2:17am Oct 15, 2008 2:17am
next 6 hours are for the bears

I have a daily low around 170-171 on my charts (not able to post one atm).

Just counted pips of last days candle high-low.
  • #122,328
  • Oct 15, 2008 2:19am Oct 15, 2008 2:19am
Quoting karmostaji
It is definitely looking bearish, just need a damn close below 4h gann and that QQE to cross down, and GJ should tank!

cmon you.. lol
if (when) this bear flag on 15M chart breaks to the downside it will be massive fall while this will break H4 gann too which meets your expectation.

This should build the 3rd move of a 5 wave downtrend channel. I guess we will see 2 other bear flags underway to the downside.
Discipline + Patience - Fear - Greed = Success
  • #122,329
  • Oct 15, 2008 2:30am Oct 15, 2008 2:30am
Quoting karmostaji
It is definitely looking bearish, just need a damn close below 4h gann and that QQE to cross down, and GJ should tank!

cmon you.. lol
let's wait
  • #122,330
  • Oct 15, 2008 2:38am Oct 15, 2008 2:38am
well, SMA5 has been crossed down, and until is taken back up, I guess we'll keep hanging around with the bears;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #122,331
  • Oct 15, 2008 2:38am Oct 15, 2008 2:38am
hey are you guys still scalping g/a? i am really thinking about making a switch lol.
  • #122,332
  • Oct 15, 2008 2:41am Oct 15, 2008 2:41am
Its one hell of a choppy ride down guys, damn
  • #122,333
  • Oct 15, 2008 2:50am Oct 15, 2008 2:50am
Quoting peaches
next 6 hours are for the bears

I have a daily low around 170-171 on my charts (not able to post one atm).

Just counted pips of last days candle high-low.

Hi Peaches,

How did you calculate this again?? I have never heard of this method before and was wondering how you came about it and is it fairly reliable as a target calculation tool... thanks in advance.
  • #122,334
  • Oct 15, 2008 2:51am Oct 15, 2008 2:51am
Yah baby let's go down, I'd love to see the 4h point down!
Trade what you see, not what you think.
  • #122,335
  • Oct 15, 2008 3:01am Oct 15, 2008 3:01am
176.52 does not want to give way....
  • #122,336
  • Oct 15, 2008 3:05am Oct 15, 2008 3:05am
Oh cmon. One minute its +120 another is +50, thats some BS
  • #122,337
  • Oct 15, 2008 3:09am Oct 15, 2008 3:09am
As Karmo would/will say; PATIENCE
  • #122,338
  • Oct 15, 2008 3:12am Oct 15, 2008 3:12am
Quoting cancunkev
As Karmo would/will say; PATIENCE
Yes patience is the key though sometimes its hard to keep your head cooled off LOL
  • #122,339
  • Oct 15, 2008 3:13am Oct 15, 2008 3:13am
Quoting karmostaji
Yah baby let's go down, I'd love to see the 4h point down!
quite choppy action
  • #122,340
  • Oct 15, 2008 3:14am Oct 15, 2008 3:14am
i tried COLD showers after i lost a bundle several times with several brokerage accounts. it really works

now i just go to the beach here in hawaii lol

as long as i am BREATHING the next day, i am happy


Quoting belekas
Yes patience is the key though sometimes its hard to keep your head cooled off LOL
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