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

  • #181,181
  • Jun 7, 2009 11:40pm Jun 7, 2009 11:40pm
I am a swing trader and something scalper if the market doesn't move much in a day.. I love my sleep and free time, so I don't post much thru out the week..If you get a good setup, it may playout the whole plan..

Trade you charts..




Quoting donfriday
hmm rigitts05 start posting every now and then i take it very serious, even i trade what i see but some of is plan work with mine only if i trade it..i knew u have been working hard last week because u post less then, but u back with warning post and very simple chart..
great Job bro...
[
  • #181,182
  • Jun 7, 2009 11:49pm Jun 7, 2009 11:49pm
Quoting donfriday
this is what i am thinking also 151 is the key level it will only make a lower low at 150.90 and bounce..that was my yesterday post with raza also while he was thinking 147...i said that cannot happen without futher down, i am still bullish on gj but we need to retest 151 level again...
good Job mate

HEY,

I looked into it.. as per our discussion.. you said. Wave4 cannot enter wave 2 ,

I read wave 4 should not overlap with Wave1 except for Diagonal Waves.??
Markets are not Random, they are designed!
  • #181,183
  • Jun 7, 2009 11:58pm Jun 7, 2009 11:58pm
This uptrend is a weekly correction, not an impulse move.
  • #181,184
  • Jun 8, 2009 12:11am Jun 8, 2009 12:11am
Quoting naatha
This uptrend is a weekly correction, not an impulse move.
Thanks for explaining..
Markets are not Random, they are designed!
  • #181,185
  • Jun 8, 2009 12:21am Jun 8, 2009 12:21am
[quote=Raza;2786144]HEY,

I looked into it.. as per our discussion.. you said. Wave4 cannot enter wave 2 ,

I read wave 4 should not overlap with Wave1 except for Diagonal Waves.??[/quote

yes wave 4 should not overlap wave for in motive wave...i have read several books in the past including Elliot wave but i found it very complicated because i cannot find a useful time frame to count the waves and if u dont have a bigger account u will be losing before ur position turn into profit, u have to have for the end of wave correction..i stop reading the book and reas bill williams, toni, tuner, steve nison and master the market and fibo..i am tired of reading because they will not trade for me i just need idea of the market and trade at my own risk..
rigitt05 always say trendline is all u need and i agreed with that..
I am not trading gj yet until i find clear signal, i am not a scalper ..i like to swing and day trader ....what about u?
MY OPINION NOT FINANCIAL ADVISE
  • #181,186
  • Edited 12:45am Jun 8, 2009 12:34am | Edited 12:45am
[quote=donfriday;2786178]
Quoting Raza
HEY,

I looked into it.. as per our discussion.. you said. Wave4 cannot enter wave 2 ,

I read wave 4 should not overlap with Wave1 except for Diagonal Waves.??[/quote

yes wave 4 should not overlap wave for in motive wave...i have read several books in the past including Elliot wave but i found it very complicated because i cannot find a useful time frame to count the waves and if u dont have a bigger account u will be losing before ur position turn into profit, u have to have for the end of wave correction..i stop reading...

I do both.. Right set up .. I swing trade.. if not look for abc.. zig-zag. for scalping.

here is one possible scenario.. I will take a long from the touch of the bottom blue line with tight stop loss..

Check out My daily Pivot... different from others..???

I am not into Elliot wave either. just like to see the direction from wave count.
Attached Image (click to enlarge)
Click to Enlarge Name: possible scenario.jpg Size: 242 KB
Markets are not Random, they are designed!
  • #181,187
  • Jun 8, 2009 12:46am Jun 8, 2009 12:46am
[quote=Raza;2786189]
Quoting donfriday


I do both.. Right set up .. I swing trade.. if not look for abc.. zig-zag. for scalping.

here is one possible scenario.. I will take a long with tight stop loss..

Check out My daily Pivot... different from others..???

I dont have any plan to enter a trade until europe open, let see how it play out....nice chart ..i am very caution now just my cent.
MY OPINION NOT FINANCIAL ADVISE
  • #181,188
  • Jun 8, 2009 12:51am Jun 8, 2009 12:51am
[quote=donfriday;2786207]
Quoting Raza


I dont have any plan to enter a trade until europe open, let see how it play out....nice chart ..i am very caution now just my cent.
So Far I have got 200 pips todays session.. I will wait till london.. but tempted with scenario mentioned.
Markets are not Random, they are designed!
  • #181,189
  • Jun 8, 2009 1:07am Jun 8, 2009 1:07am
http://s61.radikal.ru/i173/0906/66/64b860946226.gif
---
i`m not an Elliot master.
  • #181,190
  • Jun 8, 2009 1:15am Jun 8, 2009 1:15am
The Pairs are seem fragile, they can go anywhere. I dont see the best entry yet. I will wait till tomorrow
  • #181,191
  • Edited 1:56am Jun 8, 2009 1:21am | Edited 1:56am
Quoting naatha
http://s61.radikal.ru/i173/0906/66/64b860946226.gif
---
i`m not an Elliot master.
Very possible... angle is good..symmetry seems fine.. we should be in OS territory by then as well..atleast on smaller TFs.

At 155.67 we will be having a double bottom situation as well..

But i still took a long from 156.15.. lets see. 4hr Gann is at 156.13... 4 hr 50 ema.. at 155.57.. IF we go to 50 ema.. which I think we are.. Then taking a long from there is not a good idea.. Price will get below it till about 154.47.. Entry for long at B.E.now
Markets are not Random, they are designed!
  • #181,192
  • Jun 8, 2009 2:14am Jun 8, 2009 2:14am
PA looks nasty for long.. closed long for 45 pips..

Its time to sell rallies. IMO
Markets are not Random, they are designed!
  • #181,193
  • Jun 8, 2009 2:19am Jun 8, 2009 2:19am
my 4h chart. i'm waiting to see if break median line.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy0608.gif Size: 19 KB
  • #181,194
  • Jun 8, 2009 2:19am Jun 8, 2009 2:19am
Quoting Raza
Very possible... angle is good..symmetry seems fine.. we should be in OS territory by then as well..atleast on smaller TFs.

At 155.67 we will be having a double bottom situation as well..

But i still took a long from 156.15.. lets see. 4hr Gann is at 156.13... 4 hr 50 ema.. at 155.57.. IF we go to 50 ema.. which I think we are.. Then taking a long from there is not a good idea.. Price will get below it till about 154.47.. Entry for long at B.E.now
Never reached that price !
  • #181,195
  • Jun 8, 2009 2:23am Jun 8, 2009 2:23am
Quoting janela
Never reached that price !
Never Reached 155.57....OR 156.11..

It has only reached till 156.11 so far... I bought at 156.15. already closed it for few pips.

You meant to say never reached 155.57?? No it did not..
Markets are not Random, they are designed!
  • #181,196
  • Jun 8, 2009 4:45am Jun 8, 2009 4:45am
Looks like distribution on the UK FTSE, large 4 hour range been settin up over last couple weeks, could some big down moves be coming for pound?
Fear's for the other guy
  • #181,197
  • Jun 8, 2009 4:46am Jun 8, 2009 4:46am
Fundamental U.K. house prices stopped falling in May for the first time in 20 months, adding to evidence the property market slump is abating, a survey of real-estate agents by Hometrack Ltd. showed. Average prices in England and Wales held at 155,600 pounds ($251,000) after they declined 0.3 percent in April, the London- based property researcher said in an e-mailed statement today. On the year, values dropped 9.6 percent. Technical The U.K. currency will be giving a strong buy signal after forming.... but where that is at the moment is unknown ...

Have a good day ....
  • #181,198
  • Jun 8, 2009 4:46am Jun 8, 2009 4:46am
Quoting Raza
Never Reached 155.57....OR 156.11..

It has only reached till 156.11 so far... I bought at 156.15. already closed it for few pips.

You meant to say never reached 155.57?? No it did not..

oddd how in this choppy price action you get in trades one short at -5 pips (my 300 feed data did not get to your entry) and then a long within 5 pips of a low on a bid chart . Both calls 30 min after fact ...

why the bs ????

why not just post a nice chart saying what way you think it will go and reasons why . Why these bs posts after the fact ... any muppet can do that
Blogging daily now at www.volume.zone
  • #181,199
  • Jun 8, 2009 4:52am Jun 8, 2009 4:52am
Quoting malcolmb14
think we head down , as long as 158 holds on 60 and 15 min we are in down channel with base channel 155

157,17 was point of control at end of day Friday. 156.50 was vwap and 155.52 lower values area . If daily is to continue lower highs and lower lows we should test 154.5 today at some point

Attachment
158 held in asia , price tested the lower value are of Friday 155.52 . 155.5 is now support , looking for breakdown of this level during us session to test 154.5 and maybe 153.xx

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN213.png Size: 209 KB
Blogging daily now at www.volume.zone
  • #181,200
  • Jun 8, 2009 4:56am Jun 8, 2009 4:56am
Just been looking at some weekly of various major indexes and currency pairs and it really looks like its time to start selling soon, everything is pulling back to its 50ma, overbought indicators, and also meeting with heavy resistance levels, drop may not come until August like previous 2 years.

And the post above about UK house prices, well I think we are just seeing a dead cat bounce, the same happened in the last UK major recession, prices leveled for many months causing people to call the bottom, then prices dropped big time. I think same is gonna happen again.

On top of that there seems to be so much bullish news aboout, and bullish economists: Think they the big guys need this news to start offloading long positions and start selling again

Lets see
Fear's for the other guy
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