would u mind showing that bull flag u see on a chart if possible
I think it will go down not thru top of flag
Blogging daily now at www.volume.zone
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #183,561
- Jul 1, 2009 12:48pm Jul 1, 2009 12:48pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I think it will go down not thru top of flag
- #183,562
- Jul 1, 2009 12:52pm Jul 1, 2009 12:52pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Hey PK how are you mate? I miss your charts and analysis since long time ago.
sort of stayed away for a while with all the daily or weekly girl scout shows going on in here lately....
looks like it's all settled? hope so...
- #183,563
- Jul 1, 2009 12:53pm Jul 1, 2009 12:53pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
Timing seem about right...Piter..
Get ready to short this in ..End July ...August...
14 AUGUST... Thats my Countrys Independence Day!!! lol..
that us the plan ....Rggit05 post that chart before if u forget
here is the post from my boss....it should play out or we should crash....tomorrow or next week should give us answer.
MY OPINION NOT FINANCIAL ADVISE
- #183,564
- Jul 1, 2009 1:01pm Jul 1, 2009 1:01pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
would u mind showing that bull flag u see on a chart if possible
Let me show you once I get back in town. Bear with me for 2 more days..
Well If you like to make sense out of it ..Make a straight linefrom the highest price.. i.e is 162xx.. then Parallel that to the lowest price... i.e 154xx.. There you have a bull flag .. in the making..I am expecting a False Breakout .. Making a wedge..(164xx-- 165xx) Then a move down below last low (154xx)
I pictured it before this Flag was even making sense.. on 4 hr.
Later I will post a Chart.. This also coincides with NAATHA.( member) Elliot wave count.. also PKIMYNC..
Check out Naathas post.. He is good..
On the flip side Malcolmb is also right.. This Flag can also break to the Down side..
My Bias is up short term...Then Down to finish wave wave4..
Different opinions.. Best to trade the Breakouts.to grab few hundred pips with MM.
Keep this mind . Apart from this weekly monthly .. daily Bull Flag Or Bear Flag.. its forming a Cup.. Where this Cup is gonna End.. we can only tell from Elliot Wave Count or Double top on Weekly..+ FIBS..
Having said that .. This Cup will have A Handle as well.. Which should be VISIBLY huge( weekly ) .. so for sure expect some Down side(2000--3000 pips at least).. G/U is the same.(Cup and Handle)
Markets are not Random, they are designed!
- #183,565
- Jul 1, 2009 1:01pm Jul 1, 2009 1:01pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
Go on bro your trading style is perfect. If I had started 2 years ago the way you look at the market I wouldn't blow one account plus this much time I spent looking for the best system or a flawless indicator out there.
This is what we need to trade this crazy market. PA + trend lines + Fibs + key S/R levels. That is all.
Nice charts
MY OPINION NOT FINANCIAL ADVISE
- #183,566
- Jul 1, 2009 1:13pm Jul 1, 2009 1:13pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
i agreed keep it simple is great .....i hate to see to much info on screen so i added 3indi into 1 just to play out the divergence stuffs....i like your post anyway...keep it up
Discipline + Patience - Fear - Greed = Success
- #183,567
- Jul 1, 2009 1:19pm Jul 1, 2009 1:19pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
hope all is well with you bro.
sort of stayed away for a while with all the daily or weekly girl scout shows going on in here lately....
looks like it's all settled? hope so...
Markets are not Random, they are designed!
- #183,568
- Edited 6:32pm Jul 1, 2009 6:07pm | Edited 6:32pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
After several attempts to break the 38.2% 156.00 zone (strong support), PA looks bullish toward the 50.0% 167.00 zone.....If the PA continues bullish bias than 61.8% 179.00 zone is the next level, before a nice reversal back down...
Fundamentals to me is just an opportunity to scare the longs...This beast is going up with or without you...This past few weeks bad news is just showing you that fundamentals really mean nothing....
This forex market wants to short this beast at a higher level..
Good Luck shorts!!
Fundamentals to me is just an opportunity to scare the longs...This beast is going up with or without you...This past few weeks bad news is just showing you that fundamentals really mean nothing....
This forex market wants to short this beast at a higher level..
Good Luck shorts!!
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- #183,569
- Jul 1, 2009 6:26pm Jul 1, 2009 6:26pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #183,570
- Jul 1, 2009 6:35pm Jul 1, 2009 6:35pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Here is one of them..
Criticism Welcome!!
Markets are not Random, they are designed!
- #183,573
- Jul 1, 2009 7:06pm Jul 1, 2009 7:06pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Trend is your friend...As long as the hourly TL holds, than this is moving up slowly...
Target the R1,R2, R3 if the PA moves in the bullish direction or the S1,S2, S3 in the bearish direction
Trade your charts..
Target the R1,R2, R3 if the PA moves in the bullish direction or the S1,S2, S3 in the bearish direction
Trade your charts..
Please advice
[
- #183,574
- Jul 1, 2009 7:13pm Jul 1, 2009 7:13pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
After several attempts to break the 38.2% 156.00 zone (strong support), PA looks bullish toward the 50.0% 167.00 zone.....If the PA continues bullish bias than 61.8% 179.00 zone is the next level, before a nice reversal back down...
Fundamentals to me is just an opportunity to scare the longs...This beast is going up with or without you...This past few weeks bad news is just showing you that fundamentals really mean nothing....
This forex market wants to short this beast at a higher level..
Good Luck shorts!!
MY OPINION NOT FINANCIAL ADVISE
- #183,575
- Jul 1, 2009 7:13pm Jul 1, 2009 7:13pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
After several attempts to break the 38.2% 156.00 zone (strong support), PA looks bullish toward the 50.0% 167.00 zone.....If the PA continues bullish bias than 61.8% 179.00 zone is the next level, before a nice reversal back down...
Fundamentals to me is just an opportunity to scare the longs...This beast is going up with or without you...This past few weeks bad news is just showing you that fundamentals really mean nothing....
This forex market wants to short this beast at a higher level..
Good Luck shorts!!
Blogging daily now at www.volume.zone
- #183,576
- Jul 1, 2009 7:19pm Jul 1, 2009 7:19pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
If the GBP future playout as you layout, than mid Aug. maybe the reversal period..
I have been looking at these . IF the weekly weakness that has appeared in the gbp futures plays out then gbp is going down 2000 pips within next 6 weeks
Attachment
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- #183,577
- Jul 1, 2009 7:21pm Jul 1, 2009 7:21pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Always remember to look at the higher TF for the bigger picture..
Funnymentals is a joke...
Funnymentals is a joke...
i miss you mate. i post the same chart from your previous post if they have forgotten...
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- #183,578
- Jul 1, 2009 7:23pm Jul 1, 2009 7:23pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
this goes up yen gets stornger
signs of buyers off 103.78 ..... this could move to 108 ( 500 pip move in uj)
there is nothing long term bullish on gj based on daily / weekly charts gbp and yen futures
I would be very surprised to even see 162
signs of buyers off 103.78 ..... this could move to 108 ( 500 pip move in uj)
there is nothing long term bullish on gj based on daily / weekly charts gbp and yen futures
I would be very surprised to even see 162
Blogging daily now at www.volume.zone
- #183,579
- Jul 1, 2009 7:25pm Jul 1, 2009 7:25pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
If the GBP future playout as you layout, than mid Aug. maybe the reversal period..
yes that is what I was thinking
based on fib time...
today , 100 % , 138.2 July 30th . 161.8 august 18th . Those are our potential pivots dates with day or so
Blogging daily now at www.volume.zone