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

  • #189,021
  • Aug 14, 2009 9:36am Aug 14, 2009 9:36am
Quoting bluemax
patience pills needed. It'll get there
i aint a patient man
  • #189,022
  • Aug 14, 2009 9:40am Aug 14, 2009 9:40am
Quoting donfriday
where are u expecting the wave 2 to to be?
Fibo weekly 618, step by step mate.
  • #189,023
  • Aug 14, 2009 9:41am Aug 14, 2009 9:41am
Quoting PandoraBox
After she complete wave 2 at weekly TF.
What level to consider wave 2 completed, bro?
  • #189,024
  • Aug 14, 2009 9:43am Aug 14, 2009 9:43am
No double bottom here IMO. It took long enough to comprehensively break 157, so I can see GY cutting straight through 156.

ES has taken a huge dive and unless something changes to bring it back to test 1000, we could se signifivantly more downside over the coming days.

Not long, absolutely not long.
  • #189,025
  • Aug 14, 2009 9:46am Aug 14, 2009 9:46am
Quoting ukdaytrader
No double bottom here IMO. It took long enough to comprehensively break 157, so I can see GY cutting straight through 156.

ES has taken a huge dive and unless something changes to bring it back to test 1000, we could se signifivantly more downside over the coming days.

Not long, absolutely not long.
depends on timeframe? if 156 does hold and bounces, might be good for 50-100 pips even if it doesnt start a new uptrend. s+p might need to get back above 1000 to do that, but the number of times its done it before i wouldnt be surprised

988 should be big support in s+p. if that breaks and stays below then plenty of downside potential.
  • #189,026
  • Aug 14, 2009 9:47am Aug 14, 2009 9:47am
Quoting ukdaytrader
No double bottom here IMO. It took long enough to comprehensively break 157, so I can see GY cutting straight through 156.

ES has taken a huge dive and unless something changes to bring it back to test 1000, we could se signifivantly more downside over the coming days.

Not long, absolutely not long.
Valid point for sure. Nothing is as it seems or as it should be these days so nothing would surprise me anymore. Actually if my memory serves me correctly, double bottoms or tops are only valid if the price moves back to at least the peak or trough in between the two peaks or bottoms
  • #189,027
  • Aug 14, 2009 9:47am Aug 14, 2009 9:47am
we may have formed a small bottom here looking at the 5 and 15 going back 2 days.

tight stop placed at 5640, if its hit i am done for the day.
--post hoc ergo propter hoc--
  • #189,028
  • Aug 14, 2009 9:48am Aug 14, 2009 9:48am
Quoting mktjong
What level to consider wave 2 completed, bro?
1st- OS level at weekly.

2nd - wave c in wave 2 complete
  • #189,029
  • Aug 14, 2009 9:48am Aug 14, 2009 9:48am
Quoting PandoraBox
After she complete wave 2 at weekly TF.
wave 2 ?
so u are consider this whole upmove from 118 to 163 as a wave 1 ?
I think that might be wave 4 and now we are heading down to create head of future shampoo formation with 160 level as a neckline.
I dont know only where might be a bottom 93 or 50 perhaps ?
And what target she could give us 400-500 level ?


Anyway she looks promising in both ways as usual.

Crazy ?, funny idea ? hell yeah.
  • #189,030
  • Aug 14, 2009 9:49am Aug 14, 2009 9:49am
stay short
God, i love, how i'm trade!!!
  • #189,031
  • Aug 14, 2009 9:53am Aug 14, 2009 9:53am
Looking at the daily and weekly its saying short all rallies. . .
  • #189,032
  • Aug 14, 2009 9:53am Aug 14, 2009 9:53am
Quoting ewokuk
depends on timeframe? if 156 does hold and bounces, might be good for 50-100 pips even if it doesnt start a new uptrend. s+p might need to get back above 1000 to do that, but the number of times its done it before i wouldnt be surprised

988 should be big support in s+p. if that breaks and stays below then plenty of downside potential.
There will be orders at 156 for sure, but i'm not sure how many would risk it when you look at the 1hr TF. We may see a small bounce. Just wouldn't surprise me if we didn't......
  • #189,033
  • Aug 14, 2009 9:57am Aug 14, 2009 9:57am
Quoting quecee5
Looking at the daily and weekly its saying short all rallies. . .

Hello bro...still stuck with that granny in the Thinking R #$#%$#%?
  • #189,034
  • Aug 14, 2009 10:02am Aug 14, 2009 10:02am
wow, i really dont have any idea where gj will move for next week
either continue to go down to 152 or go up back to 160
hopefully not go back to 145
  • #189,035
  • Aug 14, 2009 10:02am Aug 14, 2009 10:02am
Quoting 5ysfx
wave 2 ?
so u are consider this whole upmove from 118 to 163 as a wave 1 ?
I think that might be wave 4 and now we are heading down to create head of future shampoo formation with 160 level as a neckline.
I dont know only where might be a bottom 93 or 50 perhaps ?
And what target she could give us 400-500 level ?


Anyway she looks promising in both ways as usual.

Crazy ?, funny idea ? hell yeah.

If GJ still play below 163, wave 1 still valid. Wave 4 ? nope...250 to 118 I take as correction wave abc.
  • #189,036
  • Aug 14, 2009 10:03am Aug 14, 2009 10:03am
Quoting PandoraBox
Hello bro...still stuck with that granny in the Thinking R #$#%$#%?
  • #189,037
  • Aug 14, 2009 10:05am Aug 14, 2009 10:05am
eeeerm everything just took off like a rocket. wtf

it wasnt s+p driven either

DAMNIT i was going long off 156 but it didnt quite get close enough for me to see it test. look away, look back and its 60 pips up!!
  • #189,038
  • Aug 14, 2009 10:05am Aug 14, 2009 10:05am
Quoting quecee5

Don't worry, I won't disturb you in that R%$%%^^^ ...
  • #189,039
  • Aug 14, 2009 10:09am Aug 14, 2009 10:09am
Quoting PandoraBox
If GJ still play below 163, wave 1 still valid. Wave 4 ? nope...250 to 118 I take as correction wave abc.
Now that's what I call the bigger picture. lol
  • #189,040
  • Aug 14, 2009 10:11am Aug 14, 2009 10:11am
Quoting PandoraBox
Don't worry, I won't disturb you in that R%$%%^^^ ...
Que out to lunch with a 88 yr stripper "Do Not Disturb" Tai Time
"shake it granny, shake it - drop it likes it hot!
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