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

  • #169,161
  • Apr 4, 2009 9:53am Apr 4, 2009 9:53am
Quoting zapper
Ya... i agree on that. But the pair seems to weigh on the yen more than the pound...
Who cares about the driver? Me, i dont care. I just read the chart.
  • #169,162
  • Apr 4, 2009 10:03am Apr 4, 2009 10:03am
does anyone see an inverse h&s forming on the weekly chart? it sure as hell its trying to form. the left shoulder is from 138-148 area. maybe in the next coming weeks it will form the right shoulder. what do you guys think?
  • #169,163
  • Apr 4, 2009 10:06am Apr 4, 2009 10:06am
Quoting treadline
does anyone see an inverse h&s forming on the weekly chart? it sure as hell its trying to form. the left shoulder is from 138-148 area. maybe in the next coming weeks it will form the right shoulder. what do you guys think?
Dont think so.
  • #169,164
  • Apr 4, 2009 10:12am Apr 4, 2009 10:12am
Quoting treadline
does anyone see an inverse h&s forming on the weekly chart? it sure as hell its trying to form. the left shoulder is from 138-148 area. maybe in the next coming weeks it will form the right shoulder. what do you guys think?
a month old news bro. but thanks for sharing.

right shoulder has formed already, and neckline broken.
  • #169,165
  • Edited 10:31am Apr 4, 2009 10:13am | Edited 10:31am
Nice analysis all - looks to be in line with what I'm seeing either way. . . don't think we are going straight to 156 though so I'm going to go out on a limb and post my 30 day trading plan. . . No need for criticism on it either this is just what I'm seeing. . .


Sell @ 149.50/150 (may go up slightly more 150.15/151.50 - major resistance up here) for a ride down to 0.618 Fib of the last 5th wave move. . . Entire trade will be liquidated at 137.50/138/139

Flip the trade to buy at 137.50/138 or low, From there I expect ranging from 138-148 area for at least 5 days or so. . . Therefore, I will hold to 148 and sell 3/4 position at that price. Then wait for another drop to add to original position at 139/138 with SL at 136.50/137. . .

Hold that position until 165. . . sell entire position at 165 and flip trade to short for a ride down to 142/140.40. . . buy it back in that range for a ride to 181.. . . SL with be set at 139. . .

This should start the spring/summer rally which should start ar'd 04/12th leading up to 04/19th

Hold on to this post and lets see how it plays out every step of the way over the next 25-30 days. . .

I will keep it handy so if/when it plays out we can check off each play as it occurs. . .

All my analysis is based on the daily/weekly/monthly chart. . .

Anyway lets see what next week has in store for us. . . Just can't see it just keep continuing to go up if the uptrend is to continue. . .

JMHO!

regards
  • #169,166
  • Apr 4, 2009 10:13am Apr 4, 2009 10:13am
Quoting belekas
Dont think so.

this is what im thinking let me know what you guys think.
Attached Image (click to enlarge)
Click to Enlarge Name: inverse h&s weekly.gif Size: 19 KB
  • #169,167
  • Apr 4, 2009 10:16am Apr 4, 2009 10:16am
Quoting treadline
this is what im thinking let me know what you guys think.
Yep - along the lines of what I'm seeing amongst a slew of other TA!
  • #169,168
  • Apr 4, 2009 10:16am Apr 4, 2009 10:16am
Quoting treadline
this is what im thinking let me know what you guys think.
Old news as pkimnyc said.
  • #169,169
  • Apr 4, 2009 10:21am Apr 4, 2009 10:21am
[

Entire trade will be liquidated at 137.50/138/139


this is about where the right shoulder will probably form on the weekly chart. what do you think q? im just trying to analys the charts is all. but i could be wrong so will see what will happen in the coming weeks.
  • #169,170
  • Apr 4, 2009 10:33am Apr 4, 2009 10:33am
Quoting treadline
[

Entire trade will be liquidated at 137.50/138/139


this is about where the right shoulder will probably form on the weekly chart. what do you think q? im just trying to analys the charts is all. but i could be wrong so will see what will happen in the coming weeks.
Yep - one could look at it that way. . . should be worked-out/resolved by Good Friday. . . The following week should be a full bullish week heading into 04/19th where we should see 165 being close or near. . .
  • #169,171
  • Apr 4, 2009 10:38am Apr 4, 2009 10:38am
Quoting treadline
this is what im thinking let me know what you guys think.

Are you thinking it has topped and heading south or still have upside?
  • #169,172
  • Apr 4, 2009 10:55am Apr 4, 2009 10:55am
To me, you are very generous to give your signal - not directly. So far you are very precise :-). Why do you do this? I wish I could read the forex and understand inside/out of this gpy beast behaviors. I got some bites from her this week:-). Half of my profits are gone this april fool:-). thanks for your analysis as always. Keep it up again.
Andrew
  • #169,173
  • Edited 12:04pm Apr 4, 2009 11:31am | Edited 12:04pm
Quoting Andrew Vu
To me, you are very generous to give your signal - not directly. So far you are very precise :-). Why do you do this? I wish I could read the forex and understand inside/out of this gpy beast behaviors. I got some bites from her this week:-). Half of my profits are gone this april fool:-). thanks for your analysis as always. Keep it up again.
Andrew
No - prophecy just what I'm seeing in the chart that may/may not play out. . . As I see price being very bullish however I do expect a correction to this bearish rally sooner rather than later before we hit the 38% Fib/50% Fib retrace from the fall started at 215-118. . . If you look at the chart present at past you will see what I'm saying.

I'll say this - its not by chance price stopped at 148/149 area so far. .. and it will not be by chance that price retrace back 0.618 of this move before heading to our next target in the 140.40/138 area. . . then range again until the market push here back up. . .

Anyway, Bro just trying to past on what someone has taught me. . .

It's enough that smart money has the upper hand so the more we as small traders understand their thought process and past history the better traders we become. . .

Aus, was generous to share his system and thought process with us so I'm trying to keep his unselfishness giving going if i can - as I was once in your position and still am to a degree. . .

The learning never stops. . .

Hope this analysis plays out at least 75% of the way as we may have to make adjustments along the way. . .

But for now, I will stick with the trade as is. . .
  • #169,174
  • Apr 4, 2009 11:53am Apr 4, 2009 11:53am
Though I'm no good at trading this long term, these levels might be kept in mind...
Attached Image (click to enlarge)
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TULKAS
  • #169,175
  • Apr 4, 2009 12:11pm Apr 4, 2009 12:11pm
hi guys ...just wanna share ..my chart..

i will expect...price now touch at silver ratio (148.xx)...thinking next week...price do it some bull rejection for shorterm...target 145.80..befor bounce back to touch golden ratio FE 161.8% 151.xx
Attached Image (click to enlarge)
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  • #169,176
  • Apr 4, 2009 12:15pm Apr 4, 2009 12:15pm
what about Gap????

what do u think guys? gap to up or down? and howmany pips?

Need Idea
  • #169,177
  • Apr 4, 2009 1:42pm Apr 4, 2009 1:42pm
Quoting fising
hi guys ...just wanna share ..my chart..

i will expect...price now touch at silver ratio (148.xx)...thinking next week...price do it some bull rejection for shorterm...target 145.80..befor bounce back to touch golden ratio FE 161.8% 151.xx
a very interesting count.... thanks.
  • #169,178
  • Apr 4, 2009 2:13pm Apr 4, 2009 2:13pm
Quoting pino2
This is the top 6 of the FF big boys posting in Auslanco's thread lately:
1- Quecee5 (Master of swing trading)
2- Malcolmb14 (Master of Intraday trading)
3- Karmostaji (Master of QQE and gann)
4- Forexlion
5- Piters
6- Arezab
Great rating. However, i will prefer to have Belekas and Godfrey jointly occupying the sixth position. just my opinion.
Thanks.
  • #169,179
  • Apr 4, 2009 3:23pm Apr 4, 2009 3:23pm
Quoting dialpips
Great rating. However, i will prefer to have Belekas and Godfrey jointly occupying the sixth position. just my opinion.
Thanks.
Many traders whom I didn't mention here are good, and they all have my full respect
  • #169,180
  • Apr 4, 2009 4:03pm Apr 4, 2009 4:03pm
Quoting dialpips
Great rating. However, i will prefer to have Belekas and Godfrey jointly occupying the sixth position. just my opinion.
Thanks.

and me last ...I do not have a clue what I am doing lol
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