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

  • #138,361
  • Nov 18, 2008 6:27pm Nov 18, 2008 6:27pm
Look to buy the lows of the current 15 min wave for a 148 target.
  • #138,362
  • Nov 18, 2008 6:29pm Nov 18, 2008 6:29pm
Quoting º23e
http://money.cnn.com/data/markets/
CNN market data = 10-15 min delay
not good if your looking at a fast market.

Although in this case you are lucky. NK just spiked up to +39.00

Try this link instead for 1min delay nikkei
http://www.nni.nikkei.co.jp/CF/FR/MK...e=Nikkei%20225
  • #138,363
  • Nov 18, 2008 6:29pm Nov 18, 2008 6:29pm
Quoting lilmoe
that's one big ass handle buddy, looool....

almost all cup and handle formations lately have been massacred. that doesn't mean price wont go up though, but they usually get ruined before price continue its reversal move...

the questions is ...

is it a big handle or just a small cup ??? lol
Blogging daily now at www.volume.zone
  • #138,364
  • Nov 18, 2008 6:29pm Nov 18, 2008 6:29pm
GOOOOOOOOOOOOD
  • #138,365
  • Nov 18, 2008 6:30pm Nov 18, 2008 6:30pm
Quoting lilmoe
ahhh, much better

that's exactly what i have, but the thing is about wave 5
hey lilmoe..just an alt. to consider. we might be in a wave iv of the larger W3.
I say this because W3's like to subdivide into 5 waves alot on this pair.
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  • #138,366
  • Nov 18, 2008 6:34pm Nov 18, 2008 6:34pm
i'm going for a nap and will be back later, but before i go, allow me to make a couple of comments on UJ...


UJ is an ass.... that's a fact...
UJ doesn't know what it wants.... that's another fact...

other than BS, here's what my charts are "telling"....

PA is signaling a reversal pattern on the dailies, i know that reversal pattern when i see it (low of 90.90, top of 100.50, and the other low on 94.50), that shape almost always reverses the shit out of GJ, it might do the same for UJ....

something else, if this CCI TL holds, blue areas are the target... i know i know, the third one seems a bit off, call me crazy... but the first 2 are NOT crazy IMO... i will confirm this pattern INVALID if that CCI TL breaks and CCI closes 2 candles below the -100 line (resumption of trend - downwards)...

chart:

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  • #138,367
  • Nov 18, 2008 6:39pm Nov 18, 2008 6:39pm
Quoting mcv-exchange
hey lilmoe..just an alt. to consider. we might be in a wave iv of the larger W3.
I say this because W3's like to subdivide into 5 waves alot on this pair.
thanks big guy!

this EW thing is wonderful, i need to work lots on that and combine it with my system. another tool in my arsenal.. it works on ANY TF and all the time, this will further refine my entries; either scalps or swings
  • #138,368
  • Nov 18, 2008 6:43pm Nov 18, 2008 6:43pm
Quoting OrionsWay
the 3 lower coloured area's are the target areas for that 5th wave finish, currently orange is a minimum target and pink a typical

If 5 is finished i wouldnt expect much above 1.67 area if they are still Bearish

1.51-1.55 is a 8hr wave 4 area of the recent downside breakout
noted. thanks for the help bro
  • #138,369
  • Nov 18, 2008 6:45pm Nov 18, 2008 6:45pm
me thinks this asian session will be more like last asian session... BORING

alright, going for a nap now, see ya guys later...
  • #138,370
  • Nov 18, 2008 6:47pm Nov 18, 2008 6:47pm
Any one any idea about the current down move?
This is dragged down by AU after weak report .. me think. It could be a bear trap..
  • #138,371
  • Nov 18, 2008 6:48pm Nov 18, 2008 6:48pm
Quoting lilmoe
me thinks this asian session will be more like last asian session... BORING

alright, going for a nap now, see ya guys later...
yeah .. take a nap bro .. you need it
Have a good rest ..
  • #138,372
  • Nov 18, 2008 6:50pm Nov 18, 2008 6:50pm
Quoting lilmoe
thanks big guy!

this EW thing is wonderful, i need to work lots on that and combine it with my system. another tool in my arsenal.. it works on ANY TF and all the time, this will further refine my entries; either scalps or swings
Impulses are easy but impulses within a correction not so much, there is a plethra of corrective waves and even these large impulse waves make up a larger corrective format wave like flats irregular flats dbl 3's zigzags dbl zz trple zz

ending diagonals leading diagonals its really a complex theory
"Millionaires don't use astrology, billionaires do"
  • #138,373
  • Edited 7:04pm Nov 18, 2008 6:52pm | Edited 7:04pm
Quoting mktjong
Any one any idea about the current down move?
This is dragged down by AU after weak report .. me think. It could be a bear trap..

76.4 retracement
  • #138,374
  • Nov 18, 2008 6:57pm Nov 18, 2008 6:57pm
anyone playing that cnbc challenge

i just started last night

currently 19.4% or 71816 game postion
"Millionaires don't use astrology, billionaires do"
  • #138,375
  • Nov 18, 2008 6:59pm Nov 18, 2008 6:59pm
Quoting OrionsWay
anyone playing that cnbc challenge

I wanted to but you have to be a US citizen residing in the US...good luck though
  • #138,376
  • Nov 18, 2008 7:02pm Nov 18, 2008 7:02pm
Quoting mktjong
Any one any idea about the current down move?
This is dragged down by AU after weak report .. me think. It could be a bear trap..

I have no clue . asian session has been strange .. in fact all session have been strange last few days ....

really hard to swing trade .... I will stick to day trading ...lol
Blogging daily now at www.volume.zone
  • #138,377
  • Nov 18, 2008 7:06pm Nov 18, 2008 7:06pm
Quoting OrionsWay
anyone playing that cnbc challenge

i just started last night

currently 19.4% or 71816 game postion
i wanted to as well but can't do anything about that US citizen rule. Very infuriating too since when the bank that i work at held an internal stock trading competition using the CNBC competition system i came 2nd from 5000...with about 300% profit in 5 days (suicidal scalping technique of course) .

GL though. Should be fun
  • #138,378
  • Nov 18, 2008 7:08pm Nov 18, 2008 7:08pm
Quoting Eulogy
i wanted to as well but can't do anything about that US citizen rule. Very infuriating too since when the bank that i work at held an internal stock trading competition using the CNBC competition system i came 2nd from 5000.

yea that sux big time


this is what im holding atm, not even sure how to liquidate stocks at this point yet or even add to position. i think u can only hold 20% of any single equity
tell me what u think

its queer too about margins for currencies 10 000 captial for a single lot leverage LOL

Yea cant intraday trade unless u start actual intraday account, which i dont want to
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"Millionaires don't use astrology, billionaires do"
  • #138,379
  • Nov 18, 2008 7:16pm Nov 18, 2008 7:16pm
Quoting OrionsWay
anyone playing that cnbc challenge

i just started last night

currently 19.4% or 71816 game postion

I played it too. Shorted GJ at 146.00 with the currency part, now I'm on the top 25 leader board. I almost shat myself. It helped I had YHOO and Yang made the announcement today as well.

Good luck!
What's that smell?
  • #138,380
  • Nov 18, 2008 7:20pm Nov 18, 2008 7:20pm
Quoting OrionsWay
yea that sux big time


this is what im holding atm, not even sure how to liquidate stocks at this point yet or even add to position. i think u can only hold 20% of any single equity
tell me what u think

Yea cant intraday trade unless u start actual intraday account, which i dont want to
I'm not all that familiar with american stock to be honest. What i can tell you however is that my gains in the competition came from being able to play the penny stocks. The million $ competition isn't about gains in the long run, its about have a bit of fun especially when you don't give a rats a$$ if you get margin called. Take a gamble, go big every trade and have some fun.
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