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

  • #195,041
  • Sep 7, 2009 7:21am Sep 7, 2009 7:21am
Quoting mansaf6
Bcoz Risk to reward ratio points south as well in my opinion 153.50 and 93.30-50 are extremely tough resistance to break on GJand UJ Respectivly.Till we Achieve daily close above both levels i will be selling rallies.To go with it we have all volume story manipulated up move should end soon lets see how it plays out.
A) selling rallies posibly means you keep adding shorts (more than one) i don't know. But what hapens to those shorts if you get that daily close above your levels.

B) since last wednesday i've been hearing low volume up move, this is going to drop any moment now, the mango is ripe etc etc......
but this dang thing kept going up.

look, i am sure you are trading to your plan and you now what you are doing. i respect your veiws. But all i am saying is low volume up move, manipulation, unprecidented move, retrace of a bear run and people ask why is it going up. call it what you want, the main thing is don't go against the flow till you see it turn. cheers
  • #195,042
  • Sep 7, 2009 7:39am Sep 7, 2009 7:39am
Quoting OrionsWay
No i use EW myself, and it is very much so

but i can say 1 thing, the way u going off about it u better be right or u will be the turd in the punch bowl
cool

then since you are using EW could you please post your EW count on daily from 118 and in 4 hour charts from 163 ?


thanks ..
  • #195,043
  • Sep 7, 2009 7:43am Sep 7, 2009 7:43am
Quoting I like steak
If you live in Kampala...I would expect that you may know Gary Skinner?

Btw good quotes on your avatar....
what a small world, didn't know you've need to this neck of the woods so could not tell. Yes i do know of Gary Skinner but as you may tell from my avatar, not that well. Good guy though, I think.

Thanks, glad you liked them, my favorite books...
  • #195,044
  • Sep 7, 2009 7:49am Sep 7, 2009 7:49am
here is gj 3 hours ... some form of flag ....

 

  1. 50 % retracement of down move
  2. sellers off 152 / 153.20 through asia and uk session
  3. volume declining whole move up
  4. bear div 2 hour rsx ..
  5. pin bar 3 hours on highest volume 2 session


all i can say is sputter sputter .... houstin we are running out of fuel

slow market but has been SELLS off 153 / 153.20 one in asia for 65 pips and one in uk session for 70 pips

this is called distributions

real direction will not be resolved until tomorrow but for now I am still calling this a retracement

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #195,045
  • Sep 7, 2009 7:51am Sep 7, 2009 7:51am
Quoting msniper
cool

then since you are using EW could you please post your EW count on daily from 118 and in 4 hour charts from 163 ?


thanks ..

EW is only a tool in the tickle trunk MS, just a way of mapping the fundamentals of the markets supply/demand

My count is irrelavent, for its just a basis of projections x=x or there abouts, Volumes + Time are the real drivers of a market IMO
"Millionaires don't use astrology, billionaires do"
  • #195,046
  • Sep 7, 2009 7:58am Sep 7, 2009 7:58am
Quoting OrionsWay
EW is only a tool in the tickle trunk MS, just a way of mapping the fundamentals of the markets supply/demand

My count is irrelavent, for its just a basis of projections x=x or there abouts, Volumes + Time are the real drivers of a market IMO
no orion price can move to EW 5th wave at 163 with no volume in the market ....lol
Blogging daily now at www.volume.zone
  • #195,047
  • Sep 7, 2009 8:12am Sep 7, 2009 8:12am
Quoting msniper
cool

then since you are using EW could you please post your EW count on daily from 118 and in 4 hour charts from 163 ?


thanks ..
Hi msniper!

Could you confirm this bearish Gartley pattern as valid? I know you're pretty nice on this kinda patterns

Attached Image (click to enlarge)
Click to Enlarge Name: gartley eu.gif Size: 33 KB


TIA

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #195,048
  • Sep 7, 2009 8:14am Sep 7, 2009 8:14am
Quoting mktjong
Ok, sometimes this question still bothering me: If we get US dollar crushed, wouldn't it be GBP got stronger? Thanks for your answer (Whoever please).
GBP situation is similar to USD; due to high deficit they both (USD and GBP) are targeting to loose their purchasing powers because it is the only way out of that problem (otherwise fiat money shall be abandoned)
  • #195,049
  • Sep 7, 2009 8:27am Sep 7, 2009 8:27am
on H1 i see bear divergence?
  • #195,050
  • Sep 7, 2009 8:32am Sep 7, 2009 8:32am
and we back to open day point
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  • #195,051
  • Sep 7, 2009 8:38am Sep 7, 2009 8:38am
Quoting Pipsqueak
When I made the call in May 20, price was at 149 and it went to 162.57 three weeks later. What more do you want? Sure it missed my target by about 250 pips but it did move over 1300 pips. Then I left after that post and hadn't made another analysis. (I find that reading analysis on this forum only negatively influence my decision.) Now price is simply consolidating on the month chart between 149 and 163. It will consolidate for possibly this month and maybe two more months. Then another breakout to upside is expected either late this year...

1. Mate you were refering to some analysis back feww weeks ago, that was the only one where you are calling 160, 170, ect.. It is good to have an oppinion, but also leave the rest of the players to read the charts..
2. So far, I haven seen any Chart, or technical analysis, so for future references you may start posting some charts here.. lots of ppl here are spending part of their trading time, to prepare and post the charts..
3. I made a call 24 hours ago.. that we are going to DPP and then up to 153.50.. sorry I dissapointed many ppl here, I missed in +/- 10 pips in accuracy.. My call from yesterday is arround 180pips.. not bad for a slow market.. where the daily RANGE is only 90pips..
[My post] 29h ago...
4. Regard your post on Soros ... YES mate,, you can offer him a Job... he is an OLD but GOOD guy...

http://www.forexfactory.com/showpost...stcount=194810
[My Charts]
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  • #195,052
  • Sep 7, 2009 8:46am Sep 7, 2009 8:46am
Hey Piters,

Don't waste your time with the lost traders..Let them learn from their mistakes...Since yesterday, I pointed out you had an excellent layout and analysis..The board is quiet now because all the bullish traders are gone like their accounts..

My posted charts are still intact for bearish swing, so I will stay with my bias unless the market believe in the BS fundamentals..



Cheers




Quoting Piters
1. Mate you were refering to some analysis back feww weeks ago, that was the only one where you are calling 160, 170, ect.. It is good to have an oppinion, but also leave the rest of the players to read the charts..
2. So far, I haven seen any Chart, or technical analysis, so for future references you may start posting some charts here.. lots of ppl here are spending part of their trading time, to prepare and post the charts..
3. I made a call 24 hours ago.. that we are going to DPP and then up to 153.50.. sorry I dissapointed many ppl here, I...
[
  • #195,053
  • Sep 7, 2009 8:48am Sep 7, 2009 8:48am
Quoting Piters
1. Mate you were refering to some analysis back feww weeks ago, that was the only one where you are calling 160, 170, ect.. It is good to have an oppinion, but also leave the rest of the players to read the charts..
Piters, I noticed on your charts you have support/resistance lines aside. Is that indicator? Is it MT4 indi? Could you share it, please?
  • #195,054
  • Sep 7, 2009 8:50am Sep 7, 2009 8:50am
Quoting OrionsWay
EW is only a tool in the tickle trunk MS, just a way of mapping the fundamentals of the markets supply/demand

My count is irrelavent, for its just a basis of projections x=x or there abouts, Volumes + Time are the real drivers of a market IMO
i asked a person what do u think about hunting ?

he said its boring , and i dont like it !

i asked him if he can shoot for me , he tried but he failed because he didn'tt know how told hold or aim a gun

this is what happening right now when i asked you to post your EW count

  • #195,055
  • Sep 7, 2009 8:53am Sep 7, 2009 8:53am
Quoting msniper
i asked a person what do u think about hunting ?

he said its boring , and i dont like it !

i asked him if he can shoot for me , he tried but he failed because he didn'tt know how told hold or aim a gun

this is what happening right now when i asked you to post your EW count

OK bro
wise fish dont bait easily
"Millionaires don't use astrology, billionaires do"
  • #195,056
  • Sep 7, 2009 8:54am Sep 7, 2009 8:54am
There's a speculation that China will transfer from their huge US dollar holdings to gold or other commodities. Currently China holds 1,034 tonnes of gold which accounted for 39 billion USD - only 2% of total China FX reverse. Due to the fact that current US deficit is way too high, China is now looking to other type of investment vehicle. If China liquidate its USD holdings.. that's doesn't look bullish, does it? but it won't happen overnight for sure..
  • #195,057
  • Sep 7, 2009 8:55am Sep 7, 2009 8:55am
Quoting rgitt05

Cheers


Hit their margin call mate...
  • #195,058
  • Sep 7, 2009 8:55am Sep 7, 2009 8:55am
Quoting JhonMonsalve
Hi msniper!

Could you confirm this bearish Gartley pattern as valid? I know you're pretty nice on this kinda patterns

Attachment

TIA

Jhon
not in my house and dont have the tools but its possible i think it might form after setting a new high
  • #195,059
  • Sep 7, 2009 8:55am Sep 7, 2009 8:55am
Quoting Maks
Piters, I noticed on your charts you have support/resistance lines aside. Is that indicator? Is it MT4 indi? Could you share it, please?
no mate.. the yellow lines are not an indicator.. pure observation.. I draw them in my drawing software.. before I posted them here...

the best thing is always to watch higher TF and trying to spot any level where the price is bouncing off. same is with Trendlines, chanels, flags.. ect...
then we trade of the 5 and 15 min..

If you can combine that with some "Malc's VSA magic" to help you out to spot the triggers,.. THEN there are only 2 things to fix, and to be VERY profitable..

1. MM (money management).. easy bit.. but need a discipline a lot..
2. MINDSET.. (that is a hard one..) can take a weeks, months even a years to clear and position yourself. on right TRADER's path..

Another thing,, Mindset is very variable, so it is not a constant.. and need to flex those muscules the same way as we flex the others in the GYM..

Thnks..
  • #195,060
  • Sep 7, 2009 8:56am Sep 7, 2009 8:56am
Quoting rgitt05
Hey Piters,

Don't waste your time with the lost traders..Let them learn from their mistakes...Since yesterday, I pointed out you had an excellent layout and analysis..The board is quiet now because all the bullish traders are gone like their accounts..

My posted charts are still intact for bearish swing, so I will stay with my bias unless the market believe in the BS fundamentals..



Cheers

Thnks bro..
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