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

  • #169,461
  • Apr 6, 2009 2:59pm Apr 6, 2009 2:59pm
Nice Bear flag forming and we should knock that DP and 4H Gann out the way I see it.

Just MHO....

B
  • #169,462
  • Apr 6, 2009 3:00pm Apr 6, 2009 3:00pm
Quoting OrionsWay
i think u can hold them shorts guys for a bit at least into wed lo . im lookin for 144.80's

or at least 45.30's test
may wee come back to 156 , to kick our stop
  • #169,463
  • Apr 6, 2009 3:04pm Apr 6, 2009 3:04pm
Quoting OrionsWay
i think u can hold them shorts guys for a bit at least into wed lo . im lookin for 144.80's

or at least 45.30's test
  • #169,464
  • Apr 6, 2009 3:20pm Apr 6, 2009 3:20pm
Quoting quecee5
hi quescee5, can you check your chart again
the price can't go doen under 4H Gann
now we bull div on 1H TF
we are over PD
DJ close bull
i think may wee test 155 tomo
  • #169,465
  • Apr 6, 2009 3:48pm Apr 6, 2009 3:48pm
Quoting khaled22
hi quescee5, can you check your chart again
the price can't go doen under 4H Gann
now we bull div on 1H TF
we are over PD
DJ close bull
i think may wee test 155 tomo
Bro,

Give it some time to play out. . . price won't just head down in a straight line, there has to be some balancing of money flow. If you are short at/near the top then the best thing to do is to set your SL above the break and then periodically check on the trade to ensure it's still going your way. . .

I expect to see 3 waves down or as some will call it an abc correction if the uptrend is to continue. . . It appears the 1st wave has been completed now we should see price head back up a bit before the next wave down hits. . . The wave should end at 145 at a minimum. . .

I'm think we will see it lower but we have to see what happens when we get down there. . .

regards
  • #169,466
  • Apr 6, 2009 3:52pm Apr 6, 2009 3:52pm
Quoting quecee5
I expect to see 3 waves down or as some will call it an abc correction if the uptrend is to continue. . . Looks like the the 1st has been completed now we should see price head back up a bit before the next wave down hits. . . The wave should end at 145 at a minimum. . .
how far up do you think this second wave is going to go....back up to 150.00 or not that high?
On a journey to consistency.
  • #169,467
  • Apr 6, 2009 4:04pm Apr 6, 2009 4:04pm
Hey Q, what you seeing on the pound? I'm thinking it wants the 50 ema on the daily, which is around 1.44.
"Don't trade to trade . . . trade to win." - James16
  • #169,468
  • Edited 4:31pm Apr 6, 2009 4:18pm | Edited 4:31pm
146.95 area maybe all she writes

but 4h definately feels like she wants to tag 26
"Millionaires don't use astrology, billionaires do"
  • #169,469
  • Apr 6, 2009 4:36pm Apr 6, 2009 4:36pm
Quoting OrionsWay
146.95 area maybe all she writes

but 4h definately feels like she wants to tag 26
hey buddy, how you doing? .. any idea about how will the retracement look like from elliot waves perspective?
I recommend you read something else as this sentence is now concluded.
  • #169,470
  • Apr 6, 2009 4:50pm Apr 6, 2009 4:50pm
don't want to ruin bear party but..... we might go into side way (very boring) stage for several weeks. not saying it will happen that way. it's something to keep in mind.
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  • #169,471
  • Apr 6, 2009 4:52pm Apr 6, 2009 4:52pm
Quoting Tataocb
how far up do you think this second wave is going to go....back up to 150.00 or not that high?

U just saw it. . . should go down from here. . .
  • #169,472
  • Apr 6, 2009 5:13pm Apr 6, 2009 5:13pm
hi bro
i wanna to share you with my opinion
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TREND IS YOUR FRIEND
  • #169,473
  • Apr 6, 2009 5:17pm Apr 6, 2009 5:17pm
Quoting Obaidah
hey buddy, how you doing? .. any idea about how will the retracement look like from elliot waves perspective?

depends what TF u look but 15m looks like we just finished w4 5 to follow south but i dont think very big which is why i said 46.95 area, then maybe contract the whole move down before we run again.

OR maybe this is just a retrecement of the wave 3 extension of intermediate 5 which would mean another wave higher new hi, Hard tellin not knowing LOL just play the supply demand and u cant be wrong
"Millionaires don't use astrology, billionaires do"
  • #169,474
  • Apr 6, 2009 5:19pm Apr 6, 2009 5:19pm
wave 1 = 384 pips from the high of 151.50 to the low of 147.66

wave 2 = 159 up from 147.66 to 149.25 (double top)

wave 3 would make a lower low than wave one and may be of equal or greater pip count
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  • #169,475
  • Apr 6, 2009 5:19pm Apr 6, 2009 5:19pm
Quoting khaled22
hi quescee5, can you check your chart again
the price can't go doen under 4H Gann
now we bull div on 1H TF
we are over PD
DJ close bull
i think may wee test 155 tomo
Wow, I see 144's.
  • #169,476
  • Apr 6, 2009 5:20pm Apr 6, 2009 5:20pm
Quoting Tataocb
how far up do you think this second wave is going to go....back up to 150.00 or not that high?
I think we need to complete this wave down, then start a new wave up to see 150.
  • #169,477
  • Apr 6, 2009 5:31pm Apr 6, 2009 5:31pm
4 hour chart shows crossover of the 5 sma open and close to the downside.
1 candle and 5 candle moms crossed below 100.
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  • #169,478
  • Apr 6, 2009 5:33pm Apr 6, 2009 5:33pm
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  • #169,479
  • Apr 6, 2009 5:35pm Apr 6, 2009 5:35pm
Quoting gody6000
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I'd dump that last target. Other than that, looks great.
  • #169,480
  • Apr 6, 2009 6:46pm Apr 6, 2009 6:46pm
Quoting ovaforty
4 hour chart shows crossover of the 5 sma open and close to the downside.
1 candle and 5 candle moms crossed below 100.
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