Auslanco - GBP/JPY and GBP/USD (newstrade)
- #154,341
- Jan 21, 2009 2:28am Jan 21, 2009 2:28am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #154,344
- Jan 21, 2009 2:36am Jan 21, 2009 2:36am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
On track for a big drop..
- #154,345
- Jan 21, 2009 2:37am Jan 21, 2009 2:37am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #154,346
- Jan 21, 2009 2:44am Jan 21, 2009 2:44am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
GJ bear show is not over yet, get ready for the next round coz it could be explosive.
Just saying, later.
I love GJ ahaha
Trade what you see, not what you think.
- #154,347
- Jan 21, 2009 2:48am Jan 21, 2009 2:48am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
Moneyyyyy
I love GJ ahaha
- #154,348
- Jan 21, 2009 2:48am Jan 21, 2009 2:48am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Moneyyyyy
I love GJ ahaha
- #154,351
- Jan 21, 2009 2:50am Jan 21, 2009 2:50am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #154,353
- Jan 21, 2009 2:54am Jan 21, 2009 2:54am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
lol i'm targeting 116 and change so you might be at -1000 pips before it starts turning around
- #154,356
- Jan 21, 2009 3:38am Jan 21, 2009 3:38am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I agree, my friend.. and have some charts to share with you:
1. Monthly: So far with my data, I went back to 14 July 1975 with the close Daily price of 649.17; Since then we are in BEAR MARKET. Have a look my Monthly chart. The real BEAR Market starts from 02/80, with the bottom in 10 June 1986, with the price of 219.36. NOW, we have 2 possible scenarios: one with the blue chanel, and we Just touched on Friday that Lower TL, and the second one GREEN... (which I prefer more)
2. Weekly: my Weekly chart, we can see litlle bit more clearly. the 2 options, and both channels. However, I played litle bit with FIBO PHI date. And I have very interesting Results.. According Fibonnaci, the time zone from the low on 10 Aplil 1995 [129.13] to the next low on 11 Sept 2000 [148.25]; projecting US a TARGET GOAL LINE [tgl] on 04 April 2009. CONFLUENCE WITH Lower Trend Line [green]
3. Daily: Now even better, Have a look at our Daily Chart: from the top on 20 July 2007 with the price [250.14], we are having a NEW Cycle as we are still in BEAR MARKET from 1975. so far, there is a 2 different calculations with EW, one does says we are in wave 5, the other one does says we are in wave 3.. Let's forget for a bit our EW, and concentrate only on Fibonacci Extension.. If I Plot my Famous FE, from the top [250.14 to the next point B on 17 March 2008 [192.60] and back to the next Top on 23 July 2008 [215.88], then we have follow Price levels:
FE 0.618 [179.70] reached ...
FE 1.000 [157.21] reached ...
FE 1.618 [121.16] next one on my list ...
FE 2.000 [98.80] now This price is Important, B/C it is my Third CONFLUENCE FACTOR with the other 2 (Lower Trend Line, and Fibo Phi DATE) RED VERTICAL LINE
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Conclusion: I agree we are going to see probably a small bounce, over the holidays, up th 15 January, and after that we'll get back to the reality and finish our JOB, with the price targets. Don't forget GY is in BEAR MARKET, but also DOW, S$P, they didn't reach the Bottom YET..
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Charts and full post you can find here:
http://www.forexfactory.com/showpost...stcount=150616
Cheers:
P
- #154,357
- Edited 4:24am Jan 21, 2009 3:46am | Edited 4:24am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I'm wondering how people are arriving at figures such as 116, 117 and even 98 in their analysis of where this is going.
Have people been plotting fibos from 250? or 216..? and checking the fibo ext? Or are we all guessing at this stage..?
Just looks like we are in a downward channel to me. (1 Hr was broken to the upside yesterday and has yet to fall back inside....)
My scenario: affer we reach our the next temporary bottom, we are going to see another retracement, which after I am expecting the final push to down side and reach my ultimate target... (but you know what? I am not betting my house on that, becouse this is Mr.Market, and anythisg can happend from now to then..)
For my target @ 98.80 please refer to my previous post. POSTED a MONTH AGO..
EDIT: Many times I have been wrong, but many times RIGHT bro... ......
CHEERS..
- #154,360
- Jan 21, 2009 4:02am Jan 21, 2009 4:02am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
***For my target @ 98.80 please refer to my previous post. POSTED a MONTH AGO..
Many times I have been wrong, but many times RIGHT bro... please dont take it personaly, but instead to "go after" someone posts, do some homework, and post YOUR ANALYSIS...... ***
You're misunderstanding me. My intention was not to 'go after' your posts, merely to see how people here, (yes there are more than one), are arriving at their projected figures.
Many times I have been wrong, but many times RIGHT bro... please dont take it personaly, but instead to "go after" someone posts, do some homework, and post YOUR ANALYSIS......
***You're misunderstanding me. My intention was not to 'go after' your posts, merely to see how people here, (yes there are more than one), are arriving at their projected figures.