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

  • #184,081
  • Jul 8, 2009 1:03pm Jul 8, 2009 1:03pm
Quoting medsfx
Hi Guys,
Need Some Advs,Price went up atm 148. its 198.pips up.... is it still bearish or its the rise of the bull???
As im still holding Short@146.


146 is a bad entry for short 147 and 145 is a very strong support we have beec dropping first from 162 and back to 160to for te right sholder and neckline broken at 154 so u shouldnt have sell 146 cus it was going down...i am looking for 150 retest also like piters said..
i am long at 147.46....
hope u know what u doing and when to cut lose in a bigger picture it might green but let the market cool of tomorrow is a new rate release so we might have another rally...
trade safe
MY OPINION NOT FINANCIAL ADVISE
  • #184,082
  • Jul 8, 2009 1:08pm Jul 8, 2009 1:08pm
Quoting Piters
I agree bro.. as we hit F382 on GU and GY on 5min = 148.80 (first target) we are probably seeng another small pull back.. down to 148 - 147.50

I would be carefull sith 150 level as is a strong S/R level, and we just passed through like a butter. So what im saying is that I would be expecting to go Up and retest the 150 level.. and then realy depends of the PA..

We may continue to 153.50 (4h gann) or we may reverse down to complete this drop to possible 143 level..

cheers
Hello, bro!
Nice to see you. haven't talk to you for ages.
Looks like we are on the same page again! But I am still kind of curious what makes you think that it may go to 170? See, I'm not saying it won't, but my charts are shortblinded once in a while)
  • #184,083
  • Jul 8, 2009 1:10pm Jul 8, 2009 1:10pm
Quoting donfriday
146 is a bad entry for short 147 and 145 is a very strong support we have beec dropping first from 162 and back to 160to for te right sholder and neckline broken at 154 so u shouldnt have sell 146 cus it was going down...i am looking for 150 retest also like piters said..
i am long at 147.46....
hope u know what u doing and when to cut lose in a bigger picture it might green but let the market cool of tomorrow is a new rate release so we might have another rally...
trade safe
Noted , thanks for the advs.
  • #184,084
  • Jul 8, 2009 1:18pm Jul 8, 2009 1:18pm
143.84 may be next?
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  • #184,085
  • Jul 8, 2009 1:18pm Jul 8, 2009 1:18pm
One thing guys, by now the WHOLE world is looking for 15000 to sell. Experience tells me that in that case we won't get there. 14880 level was perfect to sell as someone pointed out earlier. I therefor think that we ll see sooner 14500 than 15000. Also now everybody knows the 14880 fib. was good selling point and people wil start to sell there already....In short: a decent recovery will be hard but perhaps i am wrong. Besides earning season will be starting very soon!
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  • #184,086
  • Jul 8, 2009 1:24pm Jul 8, 2009 1:24pm
Quoting pipsbull
Hello, bro!
Nice to see you. haven't talk to you for ages.
Looks like we are on the same page again! But I am still kind of curious what makes you think that it may go to 170? See, I'm not saying it won't, but my charts are shortblinded once in a while)
Nice to see you back mate.. too..!

bro, that bloody correction from 118 should finish at 168-178 level.. My target to be honest for this drop was 150.00 with an extension to 149.60 .. but see, the PA [Q] pushed back one level lower at 146.80..

Anyway I have to rethink.. my charts, but so far.. this is a corrective wave or extension to the level we saw.. From here on.. Theoreticaly we should see a Buying Up all rest of the July.. Now.. I dont know how that sound to you or to everybody else, but realy im expecting all that buying to stop from end of July to begining of August [from 8 to 15 August... ] and then a bigger DROP from those levels..//

Many things are arround, from geo political, to finacial, so everything can happend. but IF we take 143, 00 level Im not expecting higher levels .. then we are TALKING different story, - possible retest of 118 or lower...

Cheers...

p.s. I would be start building LONGS from here.. and also from the bounce [pullbacks] of 150.00 and 153.50.. but that is me..

Let's play the GAME
  • #184,087
  • Jul 8, 2009 1:32pm Jul 8, 2009 1:32pm
Quoting Piters
Nice to see you back mate.. too..!

bro, that bloody correction from 118 should finish at 168-178 level.. My target to be honest for this drop was 150.00 with an extension to 149.60 .. but see, the PA [Q] pushed back one level lower at 146.80..

Anyway I have to rethink.. my charts, but so far.. this is a corrective wave or extension to the level we saw.. From here on.. Theoreticaly we should see a Buying Up all rest of the July.. Now.. I dont know how that sound to you or to everybody else, but realy im expecting all that buying to stop from...
I agree, bro. This thing can play nastly, so sticking to speculation is more affordable.
here is the level on Dow, which once is broken, expect sub 5000 this Fall.
Level:
7965 was the only level able to hold during previous dramatic actions,
7965 is the 38.2 fib retracement from long time lows to recent shoe string below 9k,
7965 is the daily FE(fib extension) 100.0
So, once broken, Virgin territory here we come
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  • #184,088
  • Jul 8, 2009 1:34pm Jul 8, 2009 1:34pm
Hi Piters

I see u buy into impulsive wave well daily sma100 might be support indeed
but this 600 pips drop gives me only one direction, another thing is oil which is falliing faster and faster.

Anyway goodluck mate.
  • #184,089
  • Jul 8, 2009 1:39pm Jul 8, 2009 1:39pm
Piters, I was aiming for mid August for beggining of the show, but based on fib time in chart may start this month. Look how it bounced of monthly Gann and if weekly one gives up - confirmed. If last holds, then yeah..., up may continue.
Chart with fibo time fibo expansion.
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  • #184,090
  • Jul 8, 2009 1:44pm Jul 8, 2009 1:44pm
Quoting 5ysfx
Hi Piters

I see u buy into impulsive wave well daily sma100 might be support indeed
but this 600 pips drop gives me only one direction, another thing is oil which is falliing faster and faster.

Anyway goodluck mate.
ohh.. well.. YES bro.. BTW.. I trade of the 5min chart..

but im saying what I see.. I m maybe wrong.. (not for a first time .. for sure )
but, basicly.. what I stated here is that Im watching and expecting test on 150 and 153.50..[my key levels] then I will see Where we go..

We may go Higher.. then for sure.. Im going to look higher levels and completition of Whole Correction wave from 118..

We may Break lower and then if 143 taken.. then.. different storry..

according to my charts.. longer term trade. we should go Higer with new Hights

good luck 2 all
  • #184,091
  • Jul 8, 2009 1:45pm Jul 8, 2009 1:45pm
wonder what would Mr. Elliot have to say
65?
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  • #184,092
  • Jul 8, 2009 2:02pm Jul 8, 2009 2:02pm
Good day guyz,

without doing too much talk. i have so many convergence here and the chart is interesting.

GY hit 1.618 of the crown formation, which signal a reversal, it did pay out and it further points at the bearish nature of this pair.

we have anothe bearish impu;sive wave, we waiting for pull back. possible pull back at 38.2 and 61.8 could be good as they all have nice support turning resistance.

But 61.8(153-155) looks more like it as it would be a retest of the broken trendline on daily.

amazingly, the 1.618 of 4hr impulsive wave is at 138.2, which converges with support 139.00 on daily.

now lets buy up and be ware of different barrier, how long this will last, i cant say.

thanks all
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  • #184,093
  • Jul 8, 2009 2:05pm Jul 8, 2009 2:05pm
Quoting pipsbull
wonder what would Mr. Elliot have to say
65?
Where is markam?
I miss those evil ending talks in dim bunker
  • #184,094
  • Jul 8, 2009 2:21pm Jul 8, 2009 2:21pm
Quoting Naijafx
Good day guyz,

without doing too much talk. i have so many convergence here and the chart is interesting.

GY hit 1.618 of the crown formation, which signal a reversal, it did pay out and it further points at the bearish nature of this pair.

we have anothe bearish impu;sive wave, we waiting for pull back. possible pull back at 38.2 and 61.8 could be good as they all have nice support turning resistance.

But 61.8(153-155) looks more like it as it would be a retest of the broken trendline on daily.

amazingly, the 1.618 of 4hr impulsive wave...


great bro..i like ur analysis..
MY OPINION NOT FINANCIAL ADVISE
  • #184,095
  • Jul 8, 2009 3:39pm Jul 8, 2009 3:39pm
Quoting Piters
ohh.. well.. YES bro.. BTW.. I trade of the 5min chart..

but im saying what I see.. I m maybe wrong.. (not for a first time .. for sure )
but, basicly.. what I stated here is that Im watching and expecting test on 150 and 153.50..[my key levels] then I will see Where we go..

We may go Higher.. then for sure.. Im going to look higher levels and completition of Whole Correction wave from 118..

We may Break lower and then if 143 taken.. then.. different storry..

according to my charts.. longer term trade. we should go Higer...

Piter ... gu to complete cycle to 1.5800 I think . This will take Gj to 145 test. Iam thinking there may be some kind of move to 150 for a test of supply , but doubt that we will see anything above that.

Check out ES chart at close ... highest volume bar was on a doji right under major resistance = sellers. More carnage to ocme tomorrow
Blogging daily now at www.volume.zone
  • #184,096
  • Jul 8, 2009 3:49pm Jul 8, 2009 3:49pm
Quoting malcolmb14
Piter ... gu to complete cycle to 1.5800 I think . This will take Gj to 145 test. Iam thinking there may be some kind of move to 150 for a test of supply , but doubt that we will see anything above that.

Check out ES chart at close ... highest volume bar was on a doji right under major resistance = sellers. More carnage to ocme tomorrow
hi mate.

ohh YES.. I agree on another leg down.. but not lower then 143...

If we take that then we may making a new LOWS> Im looking for now the retracement from 150 to 153.50.. after what the next leg down should be in..

on completiton of that.. 145, 144, 143... then we should be back UP... to finish the weekly retracement..

I hope Im more clear now...
  • #184,097
  • Jul 8, 2009 4:02pm Jul 8, 2009 4:02pm

I got it..., i finally got it!
Auslanco removed the strategy principle on the first page. So.... that's why no love for Gann this days on this thread. Alas.
Going to look for Karmo's thread, see if it didn't neglect it's basics.
Adios
  • #184,098
  • Jul 8, 2009 4:16pm Jul 8, 2009 4:16pm
Quoting pipsbull

I got it..., i finally got it!
Auslanco removed the strategy principle on the first page. So.... that's why no love for Gann this days on this thread. Alas.
Going to look for Karmo's thread, see if it didn't neglect it's basics.
Adios
I'm still using the old Gann. Combined with a 5 SMA, QQE, a few trendlines and PA, it still works well for me.
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  • #184,099
  • Jul 8, 2009 4:16pm Jul 8, 2009 4:16pm
Quoting pipsbull

I got it..., i finally got it!
Auslanco removed the strategy principle on the first page. So.... that's why no love for Gann this days on this thread. Alas.
Going to look for Karmo's thread, see if it didn't neglect it's basics.
Adios
You can also C/O Auslanco's website for the strategy...

http://66.70.197.110/auslanco/4-1strategy.htm

Cheers...
  • #184,100
  • Jul 8, 2009 4:17pm Jul 8, 2009 4:17pm
Quoting malcolmb14
Piter ... gu to complete cycle to 1.5800 I think . This will take Gj to 145 test. Iam thinking there may be some kind of move to 150 for a test of supply , but doubt that we will see anything above that.

Check out ES chart at close ... highest volume bar was on a doji right under major resistance = sellers. More carnage to ocme tomorrow
i agree with both of u but
my calculation point 136 for the current wave down(a), then retrace to 150 (wave b) and final touchdown around 90 (wave c) in this way we will draw one side of the head.

u know i am kidder
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