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

  • #123,581
  • Oct 19, 2008 11:48pm Oct 19, 2008 11:48pm
darn, didn't pay attention to uj, it also made 13 waves down. making ABC correction up will be in order.
  • #123,582
  • Oct 19, 2008 11:50pm Oct 19, 2008 11:50pm
Quoting $teve
Anyone up for a 1000 pips move? Let's hope the last 15 minutes of this hourly candle doesn't take price back to 176.40 then it will be a clear hourly breakout. Jump on the pip train if you haven't.
Steve

If it does not fall to 176.40 what level u think is the right level to enter and with what stop loss?

balajis
  • #123,583
  • Oct 19, 2008 11:56pm Oct 19, 2008 11:56pm
Quoting balajis
Steve

If it does not fall to 176.40 what level u think is the right level to enter and with what stop loss?

balajis
If it does fall back to 176.40, I wouldn't enter long from there. I see 15M 5sma as a good entry for long. Stop loss are really dependent on where your TP are. If your tp are 300 pips away then you can use up to 300 pips sl. If you hold it for a scalp for 100 pips, then use 100 pips sl.
  • #123,584
  • Oct 20, 2008 12:00am Oct 20, 2008 12:00am
Quoting pkimnyc
darn, didn't pay attention to uj, it also made 13 waves down. making ABC correction up will be in order.
Do you mind posting a graph?

Always looking to learn.

B
  • #123,585
  • Oct 20, 2008 12:12am Oct 20, 2008 12:12am
Quoting bigcoupe
Do you mind posting a graph?

Always looking to learn.

B
sure. i only use this method when the count is unclear. hope it helps
Attached Image (click to enlarge)
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  • #123,586
  • Oct 20, 2008 1:10am Oct 20, 2008 1:10am
hi guys
i really missed to send my analysis here .

i hope you trade effectively guys.

i was forecast before the continuation of the up trend and as you see in my chars.

more breakouts confirm the up trend in geppy.

the first up move was 15000 pip & stopped @ 180 area then a retrace was in play , and start the up trend again @171.xx untill now.

this is more confirmation to the up trend.

to me i will add more longs when price broke the 178.xx area

so trade well guys.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 16 KB
  • #123,587
  • Oct 20, 2008 1:18am Oct 20, 2008 1:18am
Trade what you see, not what you think.
  • #123,588
  • Oct 20, 2008 1:24am Oct 20, 2008 1:24am
Quoting karmostaji
buying carry trades on dips seems right for short term
  • #123,589
  • Oct 20, 2008 1:25am Oct 20, 2008 1:25am
Quoting karmostaji
looking good


everything's according to plan so far
  • #123,590
  • Oct 20, 2008 1:27am Oct 20, 2008 1:27am
Quoting lilmoe
looking good


everything's according to plan so far
  • #123,591
  • Oct 20, 2008 1:28am Oct 20, 2008 1:28am
Quoting lilmoe
looking good


everything's according to plan so far
what's your view on GJ,pro? i has no postion at the moment
  • #123,592
  • Oct 20, 2008 1:28am Oct 20, 2008 1:28am
Quoting lilmoe
looking good


everything's according to plan so far
yep and I hope it stays like this and no crazy volatility, 181.6 is the first stop, if broken then 61.8% and UTL of the bear flag is in order which is 185.4 area
Trade what you see, not what you think.
  • #123,593
  • Oct 20, 2008 1:34am Oct 20, 2008 1:34am
Quoting pkimnyc
sure. i only use this method when the count is unclear. hope it helps
Great.

Thank you,

B
  • #123,594
  • Oct 20, 2008 1:50am Oct 20, 2008 1:50am
guppy is looking beautiful now.
  • #123,595
  • Oct 20, 2008 1:52am Oct 20, 2008 1:52am
Quoting pkimnyc
guppy is looking beautiful now.
ya,but i miss the train
  • #123,596
  • Oct 20, 2008 1:52am Oct 20, 2008 1:52am
Quoting moneybookers
what's your view on GJ,pro? i has no postion at the moment
You're late to the party bro., I love it when we all agree on direction.
  • #123,597
  • Oct 20, 2008 1:52am Oct 20, 2008 1:52am
I think we may count this daily bearish hanging man / doji from last friday as broken

But a bearish broken pattern is a signal. A bullish one
  • #123,598
  • Oct 20, 2008 1:54am Oct 20, 2008 1:54am
Quoting moneybookers
what's your view on GJ,pro? i has no postion at the moment

here ya go

Quoting lilmoe
and now for GJ...

friday was simply frustrating... now that i look at the 4h chart with a clearer mind i find price trapped between FE 23.6 amd FE 38.2 (also in confluence with 50ema).

i have 2 scenarios in mind that i would like to share. since i mentioned that oil SHOULD start a correction, i will assume cable should as well, therefore GJ. and while UJ has been strangly acting the same as euro/cable lately, i would assume the same for UJ.

now, we have 2 levels that GJ must break in order for it to finish a FE 100 cycle: the current FE level at 38.2 (also 50ema) which price has been having trouble with lately, and also FE 61.8 at 180. i would think this correction it started after hitting 166 should end at 185 which not only is a FE100, but also a 61.8 retracement of the move down from 197 to 166, and a daily TL i have in red on the chart.

on the alternative, i am showing a CCI TL breakout, although not confirmed. if CCI closes below the -100 line, then retesting 166 is inevitable. if broken, then i would assume that wave 4 of 5 is overwith and we're heading for our fastest wave down to 149 (FE 100 placed from 197 - 166 - 181), i won't be picking bottoms before then. that value (149) will be different, of course, if 181 isn't the top of wave 4 of 5.

daily PA is suggesting a reversal pattern (more up). we have known GJ for its manipulative moves, BUT lately i've been so surprised for how easy the setups have been. predicting the bottom at 166 was really easy. predicting the rally from there to 181 was easy as well, and predicting the fall from there was also easy. now that's wayyyy too easy. the entire sentiment on this thread and other threads / broker analysis on the web are suggesting a bullish week. i'm not sure if this might be the case. but be careful guys, being flexable in trading is the most essential part of today's market. we have to deal with things as they are. if we close below 174.50-173 then make sure ur asses are fully loaded with shorts heading back to 166 and LOWER, there might be a huge opportunity here. but since i said i'm flexible, then i would also alert u guys that the break of 176-177 would highly suggest 185 or above.

orion: 209??? naaaaaaaaaaaaaaaaaaaaaaaaaaaaaah


4h chart:

Attachment
Quoting lilmoe
here's a simple but meaningful chart everyone.


see that green TL? i think it's what stopped the price dead at 176.40-50. guess what, that's nothing but our good ole monthly TL

a close above that TL on 4h level should be an easy 400 pip long trade. otherwise we're going down. i'm shorting of course if we close below 174.

Attachment
  • #123,599
  • Oct 20, 2008 1:54am Oct 20, 2008 1:54am
Quoting GodfreyH
You're late to the party bro., I love it when we all agree on direction.
i hate to be lefted ...
  • #123,600
  • Oct 20, 2008 1:54am Oct 20, 2008 1:54am
+210 and counting

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