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

  • #193,381
  • Sep 1, 2009 5:51pm Sep 1, 2009 5:51pm
Quoting malcolmb14
lol when 146 breaks and it likely will then your count will change . This is what I know of EW .. not saying you are dodgy or anything. A lot of literature that I have says this is how EW works and it is very open to interpretation

I got so interested with our discussion on this that I an thinking of getting advanced GET for esignal for elliot wave stuff. There is also another software out there called MT predictor.

here is what I know

gj daily getting oversold ... 147 may bunce back 200 - 300 pips

then is 150 holds on test from underneath...
not sure about advanced GET but MT predictor is more to do using Fibo confluences, retracements and extensions than EW.
  • #193,382
  • Sep 1, 2009 5:55pm Sep 1, 2009 5:55pm
Quoting Eulogy
not sure about advanced GET but MT predictor is more to do using Fibo confluences, retracements and extensions than EW.
http://www.mtpredictor.com/

EW is all about fibs as well I think .... the site says it uses elliot waves and they talk about wave protections in the videos , liekly these are based on fib levels
Blogging daily now at www.volume.zone
  • #193,383
  • Sep 1, 2009 5:59pm Sep 1, 2009 5:59pm
I call it Elliott Witch craft. I got it bad a few years back all I studied was EW for months. Then I subscribed to Prectors web site and found out they dont know any more about it then I did. Finally decided my most valuable learning curve from EW was count the market in threes and fives. Honestly it has helped me but I frequently got caught thinking my count was the right one and it was kind of like getting married to a trade. Now I just look at the current chart and go this could be this or this what do i do if either plays out then I trade.
Price does what price wants , I just need to be prepared.
  • #193,384
  • Sep 1, 2009 6:00pm Sep 1, 2009 6:00pm
Quoting malcolmb14
lol when 146 breaks and it likely will then your count will change . This is what I know of EW .. not saying you are dodgy or anything. A lot of literature that I have says this is how EW works and it is very open to interpretation

I got so interested with our discussion on this that I an thinking of getting advanced GET for esignal for elliot wave stuff. There is also another software out there called MT predictor.

here is what I know

gj daily getting oversold ... 147 may bunce back 200 - 300 pips

then is 150 holds on test from underneath...
your totally right malc if 146 get broken i will for sure recount again as you said and this will mean my counting was wrong from the begining

it doesn't mean EW is wrong but it means i didn't use it the right way

i have been trading for soo long and only depend in technical analysis and i am doing really good with it but i am trying to be more professional. i have been with elliott only 2 months and so far i think the knowledge i gained during this small period is something very good

any way i hope i am not wrong pray for me
  • #193,385
  • Sep 1, 2009 6:03pm Sep 1, 2009 6:03pm
alright since i updated the long term view i will update also the small frames

so lets zoom inside those waves

no counting got change from the old charts its all the same but added the new waves
Attached Image (click to enlarge)
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  • #193,386
  • Sep 1, 2009 6:07pm Sep 1, 2009 6:07pm
Quoting msniper
your totally right malc if 146 get broken i will for sure recount again as you said and this will mean my counting was wrong from the begining

it doesn't mean EW is wrong but it means i didn't use it the right way

i have been trading for soo long and only depend in technical analysis and i am doing really good with it but i am trying to be more professional. i have been with elliott only 2 months and so far i think the knowledge i gained during this small period is something very good

any way i hope i am not wrong pray for me

why not invest in esignals advanced GET .. seems to do the wave count for you...plus has loads of other goodies
Blogging daily now at www.volume.zone
  • #193,387
  • Sep 1, 2009 6:08pm Sep 1, 2009 6:08pm
she's going down!
  • #193,388
  • Sep 1, 2009 6:13pm Sep 1, 2009 6:13pm
Quoting malcolmb14
why not invest in esignals advanced GET .. seems to do the wave count for you...plus has loads of other goodies
hummm i will take a look at this service later on when i come back am traveling to saudi arabia tomorrow so i will not be near the market always

but any way how much it cost monthly ?

and are you subscribed with them ? if yes can you post a chart for their counting and see if it meet any of my counting

thx
  • #193,389
  • Sep 1, 2009 6:17pm Sep 1, 2009 6:17pm
remember after high wave when price is moving sideways this means trend will resume as soon as reach proper EMA usually m5 ema50
and first target for the break is 161.8% extension of that flat correction move

fibo confluence is getting more obvious
Attached Image (click to enlarge)
Click to Enlarge Name: gj.PNG Size: 37 KB
  • #193,390
  • Sep 1, 2009 6:22pm Sep 1, 2009 6:22pm
Quoting Banker
I think it's waiting for S&P to break 1000 hurdle. Whenever it will, GJ should drop hard too.
Hasn't it broken already? I thougt close 998?
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  • #193,391
  • Sep 1, 2009 6:25pm Sep 1, 2009 6:25pm
Quoting malcolmb14
15 min 150.20 got hit with sellers even in this light vol time .. very clear

not time yet .. lets wait till asia and see what they throw at us

Attachment

another crappy trade and entry using vsa principle ....
Blogging daily now at www.volume.zone
  • #193,392
  • Sep 1, 2009 6:26pm Sep 1, 2009 6:26pm
Quoting azibi
Hasn't it broken already? I thougt close 998?
996....

target for me 925 ...

that is 61.8% of last move up if this is only retracement

or 300 if that was top of market for next 1 year lol
Blogging daily now at www.volume.zone
  • #193,393
  • Sep 1, 2009 6:32pm Sep 1, 2009 6:32pm
Quoting malcolmb14
another crappy trade and entry using vsa principle ....

VSA kicks ass. Malcomb, please keep posting your VSA examples. I've been doing alot of reading on it and I'm starting to catch on. Your posts in this thread have helped a bunch.
  • #193,394
  • Sep 1, 2009 6:36pm Sep 1, 2009 6:36pm
Quoting malcolmb14
another crappy trade and entry using vsa principle ....
I sold 150.19 on 5 min volume spike at res. just took off half at 149.50 VSA is my new Girl friend for about 4 weeks now. We in love the two of us... The rest has stop at + 20
Price does what price wants , I just need to be prepared.
  • #193,395
  • Sep 1, 2009 6:37pm Sep 1, 2009 6:37pm
Quoting PJkiller
I sold 150.19 on 5 min volume spike at res. just took off half at 149.50 VSA is my new Girl friend for about 4 weeks now. We in love the two of us... The rest has stop at + 20
same trade .. no half off yet .. vsa gave no reason to
Blogging daily now at www.volume.zone
  • #193,396
  • Sep 1, 2009 6:42pm Sep 1, 2009 6:42pm
I'm a chicken, I closed all my shorts @ 149.26
  • #193,397
  • Sep 1, 2009 6:43pm Sep 1, 2009 6:43pm
did i miss something? whats VSA?
  • #193,398
  • Sep 1, 2009 6:46pm Sep 1, 2009 6:46pm
could be ugly today. all throughout US session big boys were piling into bonds.

2yr TSY yields dropped 7.53 bps to 0.9128%
Libor yields dropped 1.31 bps to 0.3344%

  • #193,399
  • Sep 1, 2009 6:46pm Sep 1, 2009 6:46pm
I hope we're not looking at a downthrust. The price is moving very rapidly.
  • #193,400
  • Sep 1, 2009 6:54pm Sep 1, 2009 6:54pm
naked chart with bollinger band only

the support for bollinger is around 147.50 area

i guess this will be a nice area for me to go long for my swing trade and SL is the same 146.

150 pips loss is nothing compared of the huge profit when it bounce
Attached Image (click to enlarge)
Click to Enlarge Name: bollinger.png Size: 43 KB
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