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

  • #123,581
  • Oct 19, 2008 9:48pm Oct 19, 2008 9:48pm
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 9:50pm Oct 19, 2008 9:50pm
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 9:56pm Oct 19, 2008 9:56pm
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 19, 2008 10:00pm Oct 19, 2008 10:00pm
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 19, 2008 10:12pm Oct 19, 2008 10:12pm
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 19, 2008 11:10pm Oct 19, 2008 11:10pm
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 19, 2008 11:18pm Oct 19, 2008 11:18pm
Trade what you see, not what you think.
  • #123,588
  • Oct 19, 2008 11:24pm Oct 19, 2008 11:24pm
Quoting karmostaji
buying carry trades on dips seems right for short term
  • #123,589
  • Oct 19, 2008 11:25pm Oct 19, 2008 11:25pm
Quoting karmostaji
looking good


everything's according to plan so far
  • #123,590
  • Oct 19, 2008 11:27pm Oct 19, 2008 11:27pm
Quoting lilmoe
looking good


everything's according to plan so far
  • #123,591
  • Oct 19, 2008 11:28pm Oct 19, 2008 11:28pm
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 19, 2008 11:28pm Oct 19, 2008 11:28pm
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 19, 2008 11:34pm Oct 19, 2008 11:34pm
Quoting pkimnyc
sure. i only use this method when the count is unclear. hope it helps
Great.

Thank you,

B
  • #123,594
  • Oct 19, 2008 11:50pm Oct 19, 2008 11:50pm
guppy is looking beautiful now.
  • #123,595
  • Oct 19, 2008 11:52pm Oct 19, 2008 11:52pm
Quoting pkimnyc
guppy is looking beautiful now.
ya,but i miss the train
  • #123,596
  • Oct 19, 2008 11:52pm Oct 19, 2008 11:52pm
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 19, 2008 11:52pm Oct 19, 2008 11:52pm
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 19, 2008 11:54pm Oct 19, 2008 11:54pm
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 19, 2008 11:54pm Oct 19, 2008 11:54pm
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 19, 2008 11:54pm Oct 19, 2008 11:54pm
+210 and counting

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