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

  • #177,921
  • Edited 2:35pm May 18, 2009 2:14pm | Edited 2:35pm
According to my research...if we breach 148.05 we will continue on our path upwards... but...if it stays just below we may see a strong turn down to just past 142.89 which I believe is what I'm hearing from those that want to go short. It's not a complete bogus move if you had drawn a correct trendline from very bottom to last major low we had.

www.youtube.com/profitfromforex
  • #177,922
  • May 18, 2009 2:47pm May 18, 2009 2:47pm
Quoting currencyexch
Is your count off? Doesn't elliot have 5 legs up and then an ABC correction. Seems like a short wave 5 then a long, what should be A leg.
Not an expert on Elliot by any means , just asking
Not a expert, but what you saw only was a preview for others, it's my detailed count on 4H.
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Making money not by predicting just by following ...
  • #177,923
  • May 18, 2009 3:03pm May 18, 2009 3:03pm
my first target was reached,No major sell saw on charts until now, so i'm going another long, with sl under the neckline and tp on 149.4x area.

good luck guys.
Making money not by predicting just by following ...
  • #177,924
  • May 18, 2009 3:03pm May 18, 2009 3:03pm
I think the pros are having their way with everyone-

They keep moving it up and up and up (or down as the case may be) until everyone goes ape- about 12 hours longer than it seems like it should go up-

Then when all the towels are thrown in they let 'er drop-

Then again- what do I know?
Not very good at this yet-
Getting better though.............
  • #177,925
  • May 18, 2009 3:39pm May 18, 2009 3:39pm
better be careful sellers. Double bottom formed in 4hr. Just my 2 cents.
  • #177,926
  • May 18, 2009 3:40pm May 18, 2009 3:40pm
Did they steal the wheels from the grounded airplane that was postponed due to weather?
"Millionaires don't use astrology, billionaires do"
  • #177,927
  • May 18, 2009 3:47pm May 18, 2009 3:47pm
Quoting A-speculator
better be careful sellers. Double bottom formed in 4hr. Just my 2 cents.


pls post ur chart...i can be wrong but i would love to see what u are talking about ...
MY OPINION NOT FINANCIAL ADVISE
  • #177,928
  • May 18, 2009 3:48pm May 18, 2009 3:48pm
Quoting A-speculator
better be careful sellers. Double bottom formed in 4hr. Just my 2 cents.

DOUBLE BOTTOM....??? think its a double top...
Markets are not Random, they are designed!
  • #177,929
  • May 18, 2009 3:49pm May 18, 2009 3:49pm
... we all have to remember just how far GY has fallen from the top. Here's a thought, now don't let it scare anyone;

GBP is undervalued, some analysts are saying as much as 20%. Let's for a moment consider this as accumulation by the large institutionals. 'Why here? you ask, the UK economy is in the gutter' etc. Well, just maybe the pros are buying this cheaply and 151 was just a sick tease for a run to 170 and beyond.

Big Bruv has said similar in his analysis, (where's he been? btw). The drop last week could simply be an opportunity for the pros to buy cheaper.

Bpatto also stated some really good JPY analysis on intervention and how they go about it. The drip drip info coming out of the BoJ and their 'We are closely monitoring the FX market' language, can only signal one thing; Yen weakness.
  • #177,930
  • May 18, 2009 4:00pm May 18, 2009 4:00pm
Quoting bidie
I think the pros are having their way with everyone-

They keep moving it up and up and up (or down as the case may be) until everyone goes ape- about 12 hours longer than it seems like it should go up-

Then when all the towels are thrown in they let 'er drop-

Then again- what do I know?
Not very good at this yet-
Getting better though.............
You are smarter than you think
Why do you think they call participants in this madness "players"?
It's a damn GAME!
  • #177,931
  • May 18, 2009 4:01pm May 18, 2009 4:01pm
Quoting donfriday
pls post ur chart...i can be wrong but i would love to see what u are talking about ...
really you can't see double bottom???!! it was breaked few hours ago.
that's why it's going upper and upper, cause smart money wanna protect they buys, i believe we will break 151.51 this time.
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Making money not by predicting just by following ...
  • #177,932
  • May 18, 2009 4:04pm May 18, 2009 4:04pm
please look carefully your 4hr chart. You can clearly see double bottom (last 2 dips). sorry i can't post my chart coz i'm sending this from a PDA. i trade by Bill William's method & i am a swing trader. now, based on daily chart, acceleration in price has been spoted. it's just a matter of time before the momentum confirms this move. however, from 4hrs point of view, i can say that there are no indication yet for the downturn. yes, there might be retracements but i think it is safer to long rather than short. just my 2 cents.
  • #177,933
  • May 18, 2009 4:14pm May 18, 2009 4:14pm
see the circle i drawn, smart moneys bought there, you can see at your chart that drop at the start of last week was started with a gap, and at the start of this week drop ended with a gap too
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Making money not by predicting just by following ...
  • #177,934
  • May 18, 2009 4:30pm May 18, 2009 4:30pm
Quoting OrionsWay
Did they steal the wheels from the grounded airplane that was postponed due to weather?
nope! it just got over booked and was delayed to layoff cheap passenger's...got back from lunch and could'nt acces FF anymoe,taught it was from FF..but chatted with donfriday and he sayed all was good from his end..just about to re-evaluate things and post my analysis on this suspicious move without bearing....still shorting from 150.12.Captain Sycho.
Imanuel Parsifal
  • #177,935
  • May 18, 2009 4:35pm May 18, 2009 4:35pm
Quoting sycho
nope! it just got over booked and was delayed to layoff cheap passenger's...got back from lunch and could'nt acces FF anymoe,taught it was from FF..but chatted with donfriday and he sayed all was good from his end..just about to re-evaluate things and post my analysis on this suspicious move without bearing....still shorting from 150.12.Captain Sycho.
oh c'mon
  • #177,936
  • May 18, 2009 4:35pm May 18, 2009 4:35pm
if anyone is in any doubt about where this is going tomorrow, notice that they took no profits at all at end of London or end of NY. They are all holding their positions. im looking for a good place to get in long, hopefully around 147 at least.

funny thing is gj is up 150 pips more than its daily average, yet gbpusd is 20 pips LOWER than its daily average. similar situation with the euro. this indicates a good part of the rally seems to be yen weakness
  • #177,937
  • May 18, 2009 4:37pm May 18, 2009 4:37pm
Quoting sycho
nope! it just got over booked and was delayed to layoff cheap passenger's...got back from lunch and could'nt acces FF anymoe,taught it was from FF..but chatted with donfriday and he sayed all was good from his end..just about to re-evaluate things and post my analysis on this suspicious move without bearing....still shorting from 150.12.Captain Sycho.
You been living in a cave? Bullish news on UK investment reported on Bloomies today, analysts predicting higher prices for Sterling and the Bank of Japan stating they are 'monitoring' the FX market closely.
  • #177,938
  • May 18, 2009 4:38pm May 18, 2009 4:38pm
Quoting ewokuk
if anyone is in any doubt about where this is going tomorrow, notice that they took no profits at all at end of London or end of NY. They are all holding their positions.
  • #177,939
  • May 18, 2009 4:39pm May 18, 2009 4:39pm
Quoting ewokuk
if anyone is in any doubt about where this is going tomorrow, notice that they took no profits at all at end of London or end of NY. They are all holding their positions.
that's right ewokuk ,they want to fatten they profits.
Making money not by predicting just by following ...
  • #177,940
  • May 18, 2009 4:42pm May 18, 2009 4:42pm
i suggest to all who have short positions close em all, this upward move may melt down all your profits, pleaz dont be greedy
Making money not by predicting just by following ...
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