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

  • #195,981
  • Sep 9, 2009 9:41pm Sep 9, 2009 9:41pm
Quoting malcolmb14
always open to new ideas ....

I guess lets flip a coin ..... cause we do not stand a hope in hell using EW , vsa , or any other system if we are not feeling the markets. is what you are saying.

as I have mentioned I am a better day trader than a swing trader.

This is likely based on being able to sense price action. swing trading perceptions can change on a beat.
can we see 152.05 ?
  • #195,982
  • Sep 9, 2009 9:42pm Sep 9, 2009 9:42pm
Quoting rgitt05
Anyone else joining the Bearish Gang?

you're on your own on that bearish
  • #195,983
  • Sep 9, 2009 9:47pm Sep 9, 2009 9:47pm
Quoting mrfxbaling
can we see 152.05 ?
i think we will see at least 151.50
  • #195,984
  • Sep 9, 2009 9:47pm Sep 9, 2009 9:47pm
Quoting A-speculator
I never been a big fan of EW just because it is too subjective. What I mean is it's heavily depend on the user perspective of the market. If 50 participant in a room was asked to calculate the waves, what you will end up are 50 different/unique calculation. Any comment on this subject is most welcome.
The classical EW joke is that if you put 10 Ellioticians in a room you'll end up with 12 different wavecounts.

Yes EW is subjective, but then again, so is every different method of TA. What direct predictive relationship does a moving average have to current price? Why do divergences have to play out? Why do trends develop, continue or reverse when they do? Every one of these can be interpreted by different people who can arrive at different conclusions. It really is based upon the person that's using whatever method they want to trade to decide.
  • #195,985
  • Sep 9, 2009 9:47pm Sep 9, 2009 9:47pm
I guess you will be on the Kaboom's group.



Quoting feardox
you're on your own on that bearish
[
  • #195,986
  • Sep 9, 2009 9:51pm Sep 9, 2009 9:51pm
Hi.. i am new here.. I am expected GBPJPY will bullish... who with me??
Look at your trading system - wait for signal - GO - don't greedy..
  • #195,987
  • Sep 9, 2009 9:53pm Sep 9, 2009 9:53pm
anyone know how to insert pic here?? tell me pls
Look at your trading system - wait for signal - GO - don't greedy..
  • #195,988
  • Sep 9, 2009 9:55pm Sep 9, 2009 9:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h.gif Size: 41 KB


My EW analysis.. any comment??
Look at your trading system - wait for signal - GO - don't greedy..
  • #195,989
  • Sep 9, 2009 9:59pm Sep 9, 2009 9:59pm
Quoting Eulogy
The classical EW joke is that if you put 10 Ellioticians in a room you'll end up with 12 different wavecounts.

Yes EW is subjective, but then again, so is every different method of TA. What direct predictive relationship does a moving average have to current price? Why do divergences have to play out? Why do trends develop, continue or reverse when they do? Every one of these can be interpreted by different people who can arrive at different conclusions. It really is based upon the person that's using whatever method they want to trade to decide....
That's what i'm saying regarding the perspective thing but there are differences between EW and other method such as MACD. At least MACD give a direct visual result regarding the direction. You can clearly see divergence for example. It depends on the user on how and when to trigger based on MACD result. However, this scenario is different with EW. First of all, you don't have any clue on how to start or where is the market now. So you will start counting based on your perspective of the market. By that means, you can end up with a lot of valid counting. The solution probably use it with other technical method such as MACD. But trust me along the line, you will start to not trust your MACD even your MACD said your counting is wrong.. ahahhaha
  • #195,990
  • Sep 9, 2009 10:03pm Sep 9, 2009 10:03pm
Quoting rgitt05
Anyone else joining the Bearish Gang?

ive been bearish. gonna ride the polar bear express to the south pole!
  • #195,991
  • Sep 9, 2009 10:04pm Sep 9, 2009 10:04pm
Quoting ahmadul_hadi
Attachment

My EW analysis.. any comment??

Based on your chart, we can see Descending Triangle Pattern - Bearish Pattern.
  • #195,992
  • Sep 9, 2009 10:05pm Sep 9, 2009 10:05pm
Quoting ahmadul_hadi
Hi.. i am new here.. I am expected GBPJPY will bullish... who with me??
Im with you, ignore others, this spike is going to change their mentality... This week is fundamentals, and tonight the action is upon us. If you're short, then close that position, because we're going up north.
  • #195,993
  • Sep 9, 2009 10:10pm Sep 9, 2009 10:10pm
Quoting ahmadul_hadi
Attachment

My EW analysis.. any comment??
tell me what is that yellow indicator drawing your pivot please? you can post it as an attachment if it's not too much trouble..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #195,994
  • Sep 9, 2009 10:12pm Sep 9, 2009 10:12pm
Great.. All aboard before you miss the bearish train...

Kaboom tomorrow at 7am or earlier..



Quoting fc3s
ive been bearish. gonna ride the polar bear express to the south pole!
[
  • #195,995
  • Sep 9, 2009 10:13pm Sep 9, 2009 10:13pm
Also watch the Oanda Position Ratios, we have 70% buyers on GJ too. So go and short this thing, lets see who will be smiling at the end of the week.

  • #195,996
  • Sep 9, 2009 10:14pm Sep 9, 2009 10:14pm
Quoting PandoraBox
Based on your chart, we can see Descending Triangle Pattern - Bearish Pattern.
Maybe u right.. but what i am see now wave are still in Wave 4 and hopeful wave 5 will bullish until FE 138.2 H1..
Look at your trading system - wait for signal - GO - don't greedy..
  • #195,997
  • Sep 9, 2009 10:14pm Sep 9, 2009 10:14pm
I don't know what fundamentals you are reading but you will learn margin way...





Quoting feardox
Im with you, ignore others, this spike is going to change their mentality... This week is fundamentals, and tonight the action is upon us. If you're short, then close that position, because we're going up north.
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  • #195,998
  • Sep 9, 2009 10:16pm Sep 9, 2009 10:16pm
gj1h
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h.GIF Size: 13 KB
  • #195,999
  • Sep 9, 2009 10:16pm Sep 9, 2009 10:16pm
Quoting feardox
Also watch the Oanda Position Ratios, we have 70% buyers on GJ too. So go and short this thing, lets see who will be smiling at the end of the week.

Is that so, better short right now.. coz by statistic 95% retail trader lost.. by that means that we are now entering bear territory.. TQ bro..
  • #196,000
  • Sep 9, 2009 10:16pm Sep 9, 2009 10:16pm
Quoting england33
tell me what is that yellow indicator drawing your pivot please? you can post it as an attachment if it's not too much trouble..

that just daily support/Resistance.. i get from here.. http://www.mataf.net/en/tools/pivot-points
Look at your trading system - wait for signal - GO - don't greedy..
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