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

  • #197,541
  • Sep 15, 2009 12:19pm Sep 15, 2009 12:19pm
Quoting ewokuk
thing i dont trust about these fibs is if you draw enough lines then its ALWAYS going to stop on or near ONE of them lol

hahaa which ones when and where, markets have different vibrations bro static harmonic and geometric

there is a reason why geppy stopped where it didn more than what meets the eye and anyone who accumulated knows why this is why they accumulated, so now ask yourself why, the clues are there on the chart and its pattern
"Millionaires don't use astrology, billionaires do"
  • #197,542
  • Sep 15, 2009 12:22pm Sep 15, 2009 12:22pm
Quoting 5ysfx
and SP 500 still going up
unbelievable....
SP is?
Read the entire market, money is made on the main trend not the fluctuation
  • #197,543
  • Sep 15, 2009 12:28pm Sep 15, 2009 12:28pm
Quoting OrionsWay
hahaa which ones when and where, markets have different vibrations bro static harmonic and geometric

there is a reason why geppy stopped where it didn more than what meets the eye and anyone who accumulated knows why this is why they accumulated, so now ask yourself why, the clues are there on the chart and its pattern
ahh but pepole often see what they want to see. the place it stopped today was exactly where my fib pivot R3 is, and i have noticed the daily fib pivot levels are very strong sup/res levels intraday. infact it stopped at my R3 on the up move and has just stopped exactly at my S3 on the down move which i hadnt noticed before lol. i need to make my fib pivot lines more noticeable haha
  • #197,544
  • Sep 15, 2009 12:32pm Sep 15, 2009 12:32pm
Quoting OrionsWay
hahaa which ones when and where, markets have different vibrations bro static harmonic and geometric

there is a reason why geppy stopped where it didn more than what meets the eye and anyone who accumulated knows why this is why they accumulated, so now ask yourself why, the clues are there on the chart and its pattern
I hope it wasn't b/c of ny lunchtime lol
  • #197,545
  • Sep 15, 2009 12:33pm Sep 15, 2009 12:33pm
Quoting igmak
I was looking at the charts and I see that Daily 50EMA and 100SMA crossed into bearish pattern. IMO, it will take long time to cross it back in to bullish territory. We may see GJ go to the previous lows 118 or even make a new low end of this year or next year.

Time to make money
Agreed, plus weekly QQE has crossed down
It's time to get rich again..
Trade what you see, not what you think.
  • #197,546
  • Sep 15, 2009 12:38pm Sep 15, 2009 12:38pm
Quoting ewokuk
ahh but pepole often see what they want to see. the place it stopped today was exactly where my fib pivot R3 is, and i have noticed the daily fib pivot levels are very strong sup/res levels intraday. infact it stopped at my R3 on the up move and has just stopped exactly at my S3 on the down move which i hadnt noticed before lol. i need to make my fib pivot lines more noticeable haha
chart here with fib pivots highlighted, stopped at fib pivot R3 on the up move, went down and stopped at daily pivot R1 the black line (maybe coincidence), retraced back up and stopped at fib pivot point level, tanked some more and ifnally stopped at fib pivot S3. right now its fighting with fib pivot S2

right now looks like oil flying, gold flying, GU flying, and dollar getting killed
Attached Image (click to enlarge)
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  • #197,547
  • Sep 15, 2009 12:39pm Sep 15, 2009 12:39pm
Cable loves 50 & 61.8 FL for pullback, let's see, if down move is stronger, we just could see a retracement until 38.2 FL.

Attached Image (click to enlarge)
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On Geppy is the same history, chart:

Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 35 KB


Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #197,548
  • Sep 15, 2009 12:43pm Sep 15, 2009 12:43pm
Quoting malcolmb14
really just fib expansions and retracements .... kind of if retracement does not go above 50% of last move down then price action is still bearish

now on gu we get reatracement no higher than 1.6520 asnd by plotting fib expansions we should get a 78.6 to 138 fe .... giving us targets 1.6345 , 1.6293 and 1.6200
Malcolmb, could you please explain step by step how do you insert Fibs and how do you pick the start and the end of Fib.

As I see it 1) you draw a Fib from the top of the last move down to the bottom. 2) if the pullback is not higher than 50% of this move, than it is still bearish. But how do you pick the beginning and the end for the second Fib to forecast the further price levels. On your first picture I see these levels on the right side, but I do not understand how did you choose the bottom of the Fib. The top of the second Fib is 50% retracement of the first Fib, but how do you choose the bottom for the second Fib? Could you explain, please. I think it is very good, but I do not quite understand the method. Could you please explain step by step? Thank you very much!
  • #197,549
  • Sep 15, 2009 12:55pm Sep 15, 2009 12:55pm
Somehow i am thinking Mr Sniper gonna be smiling a really big big smile in the very near future, especially if he pressed the plan on LTL touch today
"Millionaires don't use astrology, billionaires do"
  • #197,550
  • Sep 15, 2009 12:58pm Sep 15, 2009 12:58pm
im going to set a sell order at 150.45 if it doesnt reach it while im still awake

150.50 area is

 

  1. daily pivot
  2. previous very strong resistance
  3. The 50% retrace of todays down move
  4. The area where my 55SMA comes in on 15min chart

any objections?

  • #197,551
  • Sep 15, 2009 1:06pm Sep 15, 2009 1:06pm
I sold a put @ 149.50 to expire October 15th. I was payed a premium of 290 pips. I'm going to look to sell a call when price action is near 153 for about the same. I figure if we get a daily close below 149.50 or above 153.50. We'll have a breakout. Fundamentals, however suggest further channeling with higher equites and risk appetite lifting the pair and improving economic reports for the U.K. while the Bank of England is adding downward pressure to the pair with the the governor suggesting further increases in quantitative easing programs as well as weakening the pound for a better U.K. economic recovery. So if the pair continues to channel between the two price points of 149.50 and 153.50 I'll stand to make about $5,800. And if it doesn't I'll cover whichever short option a breakout occurs as defined by the daily close above or below the price point.
  • #197,552
  • Sep 15, 2009 1:10pm Sep 15, 2009 1:10pm
Quoting Maxsmart
I sold a put @ 149.50 to expire October 15th. I was payed a premium of 290 pips. I'm going to look to sell a call when price action is near 153 for about the same. I figure if we get a daily close below 149.50 or above 153.50. We'll have a breakout. Fundamentals, however suggest further channeling with higher equites and risk appetite lifting the pair and improving economic reports for the U.K. while the Bank of England is adding downward pressure to the pair with the the governor suggesting further increases in quantitative easing programs as well...
nice play on the put id hold off on the call though
"Millionaires don't use astrology, billionaires do"
  • #197,553
  • Sep 15, 2009 1:12pm Sep 15, 2009 1:12pm
whats a put
  • #197,554
  • Sep 15, 2009 1:18pm Sep 15, 2009 1:18pm
who can remember this simple chart i posted 1 month ago
prediction 141 1st target ???

Attached Image (click to enlarge)
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  • #197,555
  • Sep 15, 2009 1:20pm Sep 15, 2009 1:20pm
Quoting warta
who can remember this simple chart i posted 1 month ago
prediction 141 1st target ???

Attachment
no dont remember, i think you just made it up
  • #197,556
  • Sep 15, 2009 1:23pm Sep 15, 2009 1:23pm
Quoting ewokuk
no dont remember, i think you just made it up
hahahah u think ?
  • #197,557
  • Sep 15, 2009 1:26pm Sep 15, 2009 1:26pm
Quoting Fudomyo
here
they have videos that explain how to use fibs.
Hi Fudomyo! Thank you. Well, I know how to use Fibs. I was curious about Malcolmb's use of Fibonacci. If you noticed on his chart he drwas 1st Fib from the top to the bottom of the move down. Than he draws the SECOND Fib, which goes from the 50% retracement of the FIRST Fib and I was curious how he chooses the bottom of the second Fib. Using these two Fibs he forecasts the PA. So, he basically projects the waves based on Fibs. And I would like to get a better understanding how he does it.
  • #197,558
  • Sep 15, 2009 1:27pm Sep 15, 2009 1:27pm
Karmo, how low do you think we will go today?

Quoting karmostaji
Agreed, plus weekly QQE has crossed down
It's time to get rich again..
  • #197,559
  • Sep 15, 2009 1:33pm Sep 15, 2009 1:33pm
Quoting dreed
Karmo, how low do you think we will go today?
I don't know but the charts are looking bearish to me and this small upmove is just a retracement, as long as we close the daily gann below 150.70 then the down move shall continue IMO
Trade what you see, not what you think.
  • #197,560
  • Sep 15, 2009 1:36pm Sep 15, 2009 1:36pm
Quoting Maks
Hi Fudomyo! Thank you. Well, I know how to use Fibs. I was curious about Malcolmb's use of Fibonacci. If you noticed on his chart he drwas 1st Fib from the top to the bottom of the move down. Than he draws the SECOND Fib, which goes from the 50% retracement of the FIRST Fib and I was curious how he chooses the bottom of the second Fib. Using these two Fibs he forecasts the PA. So, he basically projects the waves based on Fibs. And I would like to get a better understanding how he does it.
malcolm is using different ratios than i am
but the concept is the same
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.PNG Size: 45 KB
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