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

  • #158,741
  • Feb 8, 2009 12:50am Feb 8, 2009 12:50am
Quoting Petefaders
Notice that the 2nd large move down is double the percentage of the first move down in overall price % change.
Notice 1st major retrace is 12%, .382 fib

GET THIS: If 2nd large move down is double the percentage of the first..
what happed when I drew a double retrace of 24%..
Bingo! .382 fib!

keep in mind this is price percentage to fibb percentage comparason. I didn't realize the connection, wow!
*notice...
No volume analysis?

  • #158,742
  • Feb 8, 2009 12:54am Feb 8, 2009 12:54am
Quoting Petefaders
Notice that the 2nd large move down is double the percentage of the first move down in overall price % change.
Notice 1st major retrace is 12%, .382 fib

GET THIS: If 2nd large move down is double the percentage of the first..
what happed when I drew a double retrace of 24%..
Bingo! .382 fib!

keep in mind this is price percentage to fibb percentage comparason. I didn't realize the connection, wow!
*notice...
Actually, I kind of like this. I remember doing calcs like this awhile back. Don't recall how it turned out though.
  • #158,743
  • Feb 8, 2009 12:55am Feb 8, 2009 12:55am
Quoting Pips_Cruiser
No volume analysis?

funny.
  • #158,744
  • Feb 8, 2009 1:02am Feb 8, 2009 1:02am
Quoting Pips_Cruiser
Actually, I kind of like this. I remember doing calcs like this awhile back. Don't recall how it turned out though.
I googled it and found nothing. I will call it fppa for fibb price percentage algebraic..or something, lol. I may be overstating the usefullness, but I don't think so,,I'll keep looking into it.
  • #158,745
  • Feb 8, 2009 1:04am Feb 8, 2009 1:04am
Quoting Petefaders
I googled it and found nothing. I will call it fppa for fibb price percentage algebraic..or something, lol. I my be overstating the usefullness, but I don't think so,,I'll keep looking into it.
  • #158,746
  • Feb 8, 2009 1:32am Feb 8, 2009 1:32am
we have to wait to determine if trend really has changed. to me this yet is just another pop to short and possibly catch the next top.

since gann here is pretty basic, you should be aware that he said trend can only change, if the current retracement is larger in distance and time than the previous ones.

referring to dailies. from a time perspective we had a retracement that lasted longer. from the distance we also had a retracement that lasted longer. until now.

2100pips and march till july(lol) are to break
  • #158,747
  • Feb 8, 2009 1:38am Feb 8, 2009 1:38am
Quoting Dr.Geppynius
we have to wait to determine if trend really has changed. to me this yet is just another pop to short and possibly catch the next top.

since gann here is pretty basic, you should be aware that he said trend can only change, if the current retracement is larger in distance and time than the previous ones.

from a time perspective we had a retracement that lasted longer. from the distance we also had a retracement that lasted longer. until now.
doesn't that mean a break of 148. area means trend change? what do you mean by untill now?
  • #158,748
  • Feb 8, 2009 1:43am Feb 8, 2009 1:43am
Quoting Petefaders
doesn't that mean a break of 148. area means trend change? what do you mean by untill now?
11 days of retracement mode have passed until now with a distance of about 1700 pips. thats not much of time if you check your charts for the retracements we had near the 200, 150 area.

from a price perspective we need to break about 140 area to talk about anything regarding trend changes. lets call it 141.50, then it also aligns with significant areas on the charts. next area is 148.
  • #158,749
  • Feb 8, 2009 1:51am Feb 8, 2009 1:51am
tgt nicely hit
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  • #158,750
  • Feb 8, 2009 2:04am Feb 8, 2009 2:04am
i think 141.50 - 142 is a nice area of confluence. fib ext, price flip area and from a gann perspective we weould need to break that to get a retracement big enough to change trend. IF we reach that level, i do not suppose we break it. its a dead fat cat bounce pump & dump imho...main bias is looking for longer term shorts still.
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  • #158,751
  • Feb 8, 2009 2:21am Feb 8, 2009 2:21am
from a shorter term view here are our levels to pay attention to.

135 for sure with 15m 50ema and tl aligning. also recent highs closing area on 10m.
132.50 with price flip area and daily 5sma aligning. 60m 50 ema 40 pips above that area.

60m 5sma was broken (see 2m chart)

gap down to 135 possible to take out stops and reload longs.
gap up only would make sense into 137.00 area.

we'll see.
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  • #158,752
  • Feb 8, 2009 2:24am Feb 8, 2009 2:24am
Quoting Dr.Geppynius
i think 141.50 - 142 is a nice area of confluence. fib ext, price flip area and from a gann perspective we weould need to break that to get a retracement big enough to change trend. IF we reach that level, i do not suppose we break it. its a dead fat cat bounce pump & dump imho...main bias is looking for longer term shorts still.
Im still thinking 148. area is the breaking point and will be tested, but not breached then another leg down, may take a few weeks to play out. Break of 142 means 148 target to me for now. a move down from here brings me back to the up channel that has been posted a few times.
g/j is now 25 pips above close (on my charts) Tenfore has 136.10
  • #158,753
  • Feb 8, 2009 2:41am Feb 8, 2009 2:41am
Quoting Petefaders
Im still thinking 148. area is the breaking point and will be tested, but not breached then another leg down, may take a few weeks to play out. Break of 142 means 148 target to me for now. a move down from here brings me back to the up channel that has been posted a few times.
g/j is now 25 pips above close (on my charts) Tenfore has 136.10
agree for 148 as logical tgt for retest, but 140.50-141 has to be taken out which i doubt will happen on the first attempt.

it depends on futures also. still think of 950 retest on s&p500 since 800 held. tenfore switches during the day, i have seen it recover gap in 1 hr before market open so currently you cannot rely on that.
  • #158,754
  • Feb 8, 2009 5:59am Feb 8, 2009 5:59am
I thought we had men and women posting here, but I see a bunch of kids with ego's bigger than their heads arguing on an 'internet' forum, lol.

Some people need to get a life, seriously..

Trade what you see, not what you think.
  • #158,755
  • Feb 8, 2009 6:14am Feb 8, 2009 6:14am
Quoting karmostaji
I thought we had men and women posting here, but I see a bunch of kids with ego's bigger than their heads arguing on an 'internet' forum, lol.

Some people need to get a life, seriously..

hehehehe
  • #158,756
  • Feb 8, 2009 6:18am Feb 8, 2009 6:18am
Quoting karmostaji
I thought we had men and women posting here, but I see a bunch of kids with ego's bigger than their heads arguing on an 'internet' forum, lol.

Some people need to get a life, seriously..

Karmo to the rescue with that common sense we all know and love.
  • #158,757
  • Feb 8, 2009 6:23am Feb 8, 2009 6:23am
Quoting karmostaji
I thought we had men and women posting here, but I see a bunch of kids with ego's bigger than their heads arguing on an 'internet' forum, lol.

Some people need to get a life, seriously..

Dont worry Karm..I have the paddle out now.
  • #158,758
  • Feb 8, 2009 6:29am Feb 8, 2009 6:29am
Quoting PipChick
Dont worry Karm..I have the paddle out now.
ooooh, me first!
-sorry I had to, lol.
  • #158,759
  • Feb 8, 2009 6:29am Feb 8, 2009 6:29am
Quoting karmostaji
I thought we had men and women posting here, but I see a bunch of kids with ego's bigger than their heads arguing on an 'internet' forum, lol.

Some people need to get a life, seriously..

lol. good to see you bro.
  • #158,760
  • Feb 8, 2009 6:30am Feb 8, 2009 6:30am
Quoting Petefaders
ooooh, me first!
-sorry I had to, lol.
LOL
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