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

  • #135,241
  • Nov 12, 2008 10:49am Nov 12, 2008 10:49am
Quoting forexlion
http://www.forexfactory.com/showthre...60#post2342460

And we got a whopping 1000 pips on that short.
Forexlion. Your charts look really funny at the moment - I cant see anything but little squigly lines. Anyone else have the same problem??
  • #135,242
  • Nov 12, 2008 10:51am Nov 12, 2008 10:51am
Quoting lilmoe
karmo, my gut feeling says we'll see cable trading for ~1$
take a guess what GJ will render at that price
lol @ $1 , that might take several months but it should be fun trading

GJ will go to 84.00, just imagine lool
Trade what you see, not what you think.
  • #135,243
  • Nov 12, 2008 10:51am Nov 12, 2008 10:51am
Quoting gillybabe
Forexlion. Your charts look really funny at the moment - I cant see anything but little squigly lines. Anyone else have the same problem??
You need to put your forex goggles on.
  • #135,244
  • Nov 12, 2008 10:52am Nov 12, 2008 10:52am
Quoting dreed
How low do you think it will go Karmo?
139 first and then maybe a bounce but then continue downwards
Trade what you see, not what you think.
  • #135,245
  • Nov 12, 2008 10:53am Nov 12, 2008 10:53am
no moves atm, because dow is sitting at support nr. 2.

sorry I was wrong with dow, no retrace til the red broken trendline

I might be right with straight forward 8000. This would drag
geppy down more.
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 13 KB
  • #135,246
  • Nov 12, 2008 10:55am Nov 12, 2008 10:55am
Quoting karmostaji
lower TF's are starting to talk to me and they say bearish continuation after this silly retracement is over lol

Just moved my stops lower locking in more than 500+ pips on each trade
big respect to you karmo ...but this is no silly retracement...
  • #135,247
  • Nov 12, 2008 10:56am Nov 12, 2008 10:56am
Almost had a heart attack when I woke up to +950 pips from my shorts last night.

Thanks Karmo and forexlion.

I'm going to go cry now, and then make reservations for steak and lobster dinner tonight.
What's that smell?
  • #135,248
  • Nov 12, 2008 11:00am Nov 12, 2008 11:00am
Is it a bad idea to add short @ 143.4 ?
  • #135,249
  • Nov 12, 2008 11:00am Nov 12, 2008 11:00am
another "stronger" wave down is due anytime. maybe in the asian session. we are currently at wave 4 of 5.

i'll try adding more shorts at 144-145 level, somewhere around daily s3 and m5 50ema. super strong bearish HD forming right now signaling possible retest and breach of 141
  • #135,250
  • Nov 12, 2008 11:01am Nov 12, 2008 11:01am
Quoting lilmoe
another "stronger" wave down is due anytime. maybe in the asian session. we are currently at wave 4 of 5.

i'll try adding more shorts at 144-145 level, somewhere around daily s3 and m5 50ema. super strong bearish HD forming right now signaling possible retest and breach of 141
With you my man
Trade what you see, not what you think.
  • #135,251
  • Nov 12, 2008 11:03am Nov 12, 2008 11:03am
Quoting pipidiot
Is it a bad idea to add short @ 143.4 ?
i dont think it is, but make sure ur stops are tight.
  • #135,252
  • Nov 12, 2008 11:03am Nov 12, 2008 11:03am
Quoting pipidiot
Is it a bad idea to add short @ 143.4 ?
this depends, if this 1 h perfect hammer fails...

If it not fails, we might get a 4 h hammer.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 16 KB
  • #135,253
  • Nov 12, 2008 11:04am Nov 12, 2008 11:04am
Quoting pipsimax
long from 141.8http://www.forexfactory.com/images/icons/icon6.gif
long closed locked in +147 pips from this fever retracement...http://www.forexfactory.com/images/icons/icon10.gif
  • #135,254
  • Nov 12, 2008 11:05am Nov 12, 2008 11:05am
Quoting pipidiot
Is it a bad idea to add short @ 143.4 ?
i would think so.
  • #135,255
  • Nov 12, 2008 11:06am Nov 12, 2008 11:06am
Quoting peaches
this depends, if this 1 h perfect hammer fails...

If it not fails, we might get a 4 h hammer.
  • #135,256
  • Nov 12, 2008 11:09am Nov 12, 2008 11:09am
Tankapalooza.
Patience + Humility + Study = Success
  • #135,257
  • Nov 12, 2008 11:10am Nov 12, 2008 11:10am
This is forming a perfect EW I began calling last night as we finished the a,b,c up to 151.70.

Then I mentioned the first drop to 147.60 as wave 1. If you look at the 15m chart you can see it clearly. Wave 2 corrected to 149.92, then the mother lode 3 down to 141.08.

So currently we should be in wave 4 which should peak at the 144.60-145.00 range and stops at 145.50 should be sufficient to re-enter for wave 5 down.
What's that smell?
  • #135,258
  • Nov 12, 2008 11:12am Nov 12, 2008 11:12am
Quoting pkimnyc
i would think so.
How do you determine retracement level ? Trendline ?
  • #135,259
  • Nov 12, 2008 11:14am Nov 12, 2008 11:14am
Quoting karmostaji
With you my man
yea, we might now have the luxury though, this might shoot down before hand, looool
  • #135,260
  • Nov 12, 2008 11:16am Nov 12, 2008 11:16am
Quoting pipidiot
How do you determine retracement level ? Trendline ?
sorry, my boss is on my back. can't see mt4 chart. will have to post something when i get home. only thing i'm stuck with atm is silly onada chart.
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