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

  • #140,101
  • Nov 20, 2008 6:56pm Nov 20, 2008 6:56pm
Quoting Eulogy
Malcolm are you OFB on Oanda forums by any chance? You certainly sound like him especially about the supplies, guns and ammo.

no i am not ... there are loads out there that talk of this.

I read an article the other day that just about gave me a heart attack. It said by 2011 the greatest dpression of all times will be on us. It laid out why . That mean NO jobs , and bakrupcies left right and centre Imagine 50 % of the population unable to feed their families ....
Blogging daily now at www.volume.zone
  • #140,102
  • Nov 20, 2008 6:58pm Nov 20, 2008 6:58pm
Quoting forexer
my second selling attempt

after i swallowed 80 pips loss in my last short posit,
i decided to short this beast again at 141.20 targeting 135.00 level stop loss 80 pips above the entry

warning: don't follow me i'm aggressive long term speculator
once again
just added one more small short 50k at 138.90
I always knew that someday I would make it big
  • #140,103
  • Nov 20, 2008 6:59pm Nov 20, 2008 6:59pm
1h is trying to close low that support bear continuation
  • #140,104
  • Edited 7:20pm Nov 20, 2008 7:06pm | Edited 7:20pm
Quoting Cdawg
Just a newbie observation, not based on trend lines or any such indicators, seems to me that that each time a new low is reached, there has been significant resitance, followed by a sharp retrace, 140, 139 a couple times, and now we've touched 137 area..

I'm just wondering if at some point like last week, there wont be some major market manipulation and a large 500-1000 pip retrace out of the blue
Nice observation. That is how bottoms are formed.


Look for the dollar strength to play out at some point and take a dive in the future, on the usd index.

China will be selling her USD holdings to finance infrastructure improvements that they just announced this past week. The divergences on your charts are giving you a heads up before the fact. I have been watching it all month.
  • #140,105
  • Nov 20, 2008 7:07pm Nov 20, 2008 7:07pm
IMHO we might see a retrace to 38.2 Fib at 139.30 which was last resistance after that is the DP (or old DP depending on your feed time) than the hourly bullish divergence would have played out.
  • #140,106
  • Nov 20, 2008 7:08pm Nov 20, 2008 7:08pm
Based on my chart, the 140.50 is the resistance the GJ will pullback to before another leg down.

I might place another short position from 140.50 to TP at 132.70 area based on the FE 261.8%.


Good Luck!!

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  • #140,107
  • Nov 20, 2008 7:10pm Nov 20, 2008 7:10pm
dx chart
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"Millionaires don't use astrology, billionaires do"
  • #140,108
  • Nov 20, 2008 7:10pm Nov 20, 2008 7:10pm
Quoting ovaforty
Nice observation. That is how bottoms are formed.


Look for the dollar strength to play out at some point and take a dive in the future, on the usd index.

China will be selling her USD holdings to finance infrastructure improvements that they just announced this past week. The divergence on your charts are giving you a heads up before the fact. I have been watching it all month.
is there a place where i can get real time access to the USDX for free since i'm such a poor little bugger?
  • #140,109
  • Nov 20, 2008 7:12pm Nov 20, 2008 7:12pm
Quoting malcolmb14
no i am not ... there are loads out there that talk of this.

I read an article the other day that just about gave me a heart attack. It said by 2011 the greatest dpression of all times will be on us. It laid out why . That mean NO jobs , and bakrupcies left right and centre Imagine 50 % of the population unable to feed their families ....
u know, these articles aren't 100% bullshit.

take it this way. the major % of the workforce in any developed nation comes from services. services include banks, insurance companies, telecom, restaurants and what not. how many are actually farmers, carpenters, smiths, and the old type of jobs? a low percentage (that should've been higher). machines have taken the jobs countless people.

when machines first took over, LOTS of people were laid off, countries saw unemployment crises.

the new system now was set to provide jobs for those people by means of services. what do u think will happen if that sector fails?? big trouble

another note:

it took GJ years to go from 140 to 251, but look how fast it went down. same for DJ. in the chart i posted a bit ago, the timeframe i set for DJ to hit 3500 was equal to that it took to rally from that area to 14000. i think was being too optimistic, this my plunge REALLY FAST AND HARD if we get that h/s pattern. so instead of 4-5 years, it might happen in 1-2 years, maybe 2 years is also optimistic... who knows....

i'm just thinking out loud.... don't u agree?
  • #140,110
  • Nov 20, 2008 7:13pm Nov 20, 2008 7:13pm
Quoting ovaforty
Nice observation. That is how bottoms are formed.


Look for the dollar strength to play out at some point and take a dive in the future, on the usd index.

China will be selling her USD holdings to finance infrastructure improvements that they just announced this past week. The divergence on your charts are giving you a heads up before the fact. I have been watching it all month.
me to that 88 region may well fail .....
Blogging daily now at www.volume.zone
  • #140,111
  • Nov 20, 2008 7:14pm Nov 20, 2008 7:14pm
Quoting Eulogy
is there a place where i can get real time access to the USDX for free since i'm such a poor little bugger?

http://www.tfc-charts.w2d.com/chart/US/C8
Blogging daily now at www.volume.zone
  • #140,112
  • Nov 20, 2008 7:21pm Nov 20, 2008 7:21pm
boj throwing money at Uj tonight .. every time it pushes down a few pips buyers come right in
Blogging daily now at www.volume.zone
  • #140,113
  • Nov 20, 2008 7:22pm Nov 20, 2008 7:22pm
[quote=lilmoe;2366262]u know, these articles aren't 100% bullshit.

take it this way. the major % of the workforce in any developed nation comes from services. services include banks, insurance companies, telecom, restaurants and what not. how many are actually farmers, carpenters, smiths, and the old type of jobs? a low percentage (that should've been higher). machines have taken the jobs countless people.

when machines first took over, LOTS of people were laid off, countries saw unemployment crises.

the new system now was set to provide jobs for those people by means of services. what do u think will happen if that sector fails?? big trouble

another note:
There are many predictions(bad) for year 2012.. according to Mayaan Calender world will come to an end.. They have the most aacurate calendar of events that has already happened.. Mayaans calander ends in 2012.. they even predicted the time that is..2012.. on Dec21... @ 3pm. you can watch a programme broadcast on Discovery channel.. on www.discoverychannel.com. Some scary stuff!!!
Orion should know about this stuff.....
Markets are not Random, they are designed!
  • #140,114
  • Nov 20, 2008 7:23pm Nov 20, 2008 7:23pm
Quoting OrionsWay
That angle is the bottom where ever it may be touched

doesnt look finished to me
beautiful....
  • #140,115
  • Nov 20, 2008 7:23pm Nov 20, 2008 7:23pm
Quoting malcolmb14
boj throwing money at Uj tonight .. every time it pushes down a few pips buyers come right in
Yeap, and on a 5 min chart g/j makes higher lows and it appears to be some kind of triangle, where breakout is possible
  • #140,116
  • Nov 20, 2008 7:25pm Nov 20, 2008 7:25pm
i have been taking quick profits on all of my positions all month long, only capturing a safe percentage of each large swing in both directions.

I am now looking to build longs into the Thanksgiving holiday by buying the Geppy whenever the moves down stall and my moms signal retracements, and by candlestick formation patterns.
  • #140,117
  • Nov 20, 2008 7:26pm Nov 20, 2008 7:26pm
Quoting Raza
There are many predictions(bad) for year 2012.. according to Mayaan Calender world will come to an end.. They have the most aacurate calendar of events that has already happened.. Mayaans calander ends in 2012.. they even predicted the time that is..2012.. on Dec21... @ 3pm. you can watch a programme broadcast on Discovery channel.. on www.discoverychannel.com.


i've seen that video a month or so ago. maybe things wont be as bad as that video predicts, but things will get bad financially, REALLY Bad.

things might decide to reverse, u'll never know what these big boys are up to.
  • #140,118
  • Nov 20, 2008 7:31pm Nov 20, 2008 7:31pm
let's see if this works out.
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  • #140,119
  • Nov 20, 2008 7:31pm Nov 20, 2008 7:31pm
I also exited my long positions for usd/chf and usd/cad today.
  • #140,120
  • Nov 20, 2008 7:32pm Nov 20, 2008 7:32pm
Quoting ovaforty
i have been taking quick profits on all of my positions all month long, only capturing a safe percentage of each large swing in both directions.

I am now looking to build longs into the Thanksgiving holiday by buying the Geppy whenever the moves down stall and my moms signal retracements, and by candlestick formation patterns.
monthly momentum was pointing sharply upwards. usually when we have this kind of indication, even if price goes down, it will reverse at some point of the month. i thought that point was 139... and i did keep in mind what u said back when we were at 155.

my long term predictions are usually accurate. i STILL suck when it comes to timing.

we are still a couple of pip below 139, not far at all from 139. when the low of 184 was taken out, price collapsed and consolidated WAYYY below that low, and the same happened when 166 was taken out. it's a bit strange that's not the case with 139...

but who knows... i'll wait before starting to build my long position. things were a bit easier at the previous broken lows because i did have historical S/R levels to lead the way, but this is the second time in history that we're at these lows, fibo extensions and FE's aren't good enough for me to build a strong bias.
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