no it wont go anywhere fast right now, but looks to be nicely poised for a little spike up near start of aus/asia to trigger me in then drop instantly to 147 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #197,582
- Sep 15, 2009 3:26pm Sep 15, 2009 3:26pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I think you are to bias .. your wave counts are way off
1.6750 is wave 2...
1.6750 to 1.6100 test wave 3 ...and maybe 1,5800 if it makes the 100 fe
we are moving down on 60 min in 5 wave patterns
I was hoping for retrace to 1.6520.....but sold .16470
wave 3 ends 1.6400 to 1.6330 , then wave 4 to 1.6500 maybe then wave 5 1.6100
Attachment
now gu is in retracement. I deally in order to remain as selling prssure the retrace should be no more than 1.6520 as mentioned.
IF we go above this then there my not be a move down blow 1.6400.
So now we are long , with 1/2 off and stop moved to +50 on other half with target 1.6520.... and then wait to see what price does in that zone
Blogging daily now at www.volume.zone
- #197,584
- Sep 15, 2009 3:34pm Sep 15, 2009 3:34pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
funny all these people talking like they predicted the down move, when fact is if King had said something different it could just as easily gone flying up instead of down.
thats why i dont see the value of trying to predict where its going to go any longer than the next few mins or hours. all it takes is one guy to say one thing to send it flying in any direction.
oh you mean BOE King lol
Blogging daily now at www.volume.zone
- #197,585
- Sep 15, 2009 3:38pm Sep 15, 2009 3:38pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
but i did not ....
oh you mean BOE King lol
speaking of which, this gj REALLY doesnt want to get above that 38.2. i might short half here then set an order at my original 150.40 for the other half so im covered if it doesnt make it up there, need to sleep soon
- #197,586
- Sep 15, 2009 3:47pm Sep 15, 2009 3:47pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #197,587
- Sep 15, 2009 3:55pm Sep 15, 2009 3:55pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Wow, that is the clearest setup I seen from your charts..
I favor the down side but PB may happen for a discount to a nice 140-141.00
I favor the down side but PB may happen for a discount to a nice 140-141.00
take 2 scenario for near future
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- #197,588
- Sep 15, 2009 4:02pm Sep 15, 2009 4:02pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #197,589
- Sep 15, 2009 4:05pm Sep 15, 2009 4:05pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Wow, that is the clearest setup I seen from your charts..
I favor the down side but PB may happen for a discount to a nice 140-141.00
hahaa sometimes i have expressions of clarity,
myself from the last 2 swing bottom up i see a 5 wave set up a 5 wave set down A B ????????? Lots of buyers off that TL right into the very last offer, time will tell but today was a buy day and they put a position on IMO
"Millionaires don't use astrology, billionaires do"
- #197,590
- Sep 15, 2009 4:28pm Sep 15, 2009 4:28pm
- Joined May 2009 | Status: Trader | 4,895 Posts
I read up on EW .... it seems all it really is is fib extensions and retracements based on the last move up or down ... fairly simple ...
I have used this for ever along with symmetry of moves.
Once symmetry is broken the wave count ends .
The Ew guy make it seem more complicated than it is.....
fib extensions and retracements along with VSA and volume histogram rocks that is for sure.
hope when I go to the US I can visit u there one fine day..
- #197,592
- Sep 15, 2009 4:36pm Sep 15, 2009 4:36pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Malcolm is in Canada I believe...
funny all these people talking like they predicted the down move, when fact is if King had said something different it could just as easily gone flying up instead of down.
thats why i dont see the value of trying to predict where its going to go any longer than the next few mins or hours. all it takes is one guy to say one thing to send it flying in any direction.
)King talking was an excuse for the Pros to move the market the way they wanted, faster. I find watching what the Pros do with the market in news, or situations like this (King opening his mouth) can teach you a lot.
What I still find strange is the distance between EU and GU - GU tanked earlier but EU hardly moved, while when EU rose to its new high in the last few hours GU rose as well.
Blogging daily now at www.volume.zone
- #197,594
- Sep 15, 2009 4:44pm Sep 15, 2009 4:44pm
- Joined May 2009 | Status: Trader | 4,895 Posts
Malcolm is in Canada I believe...
- #197,595
- Sep 15, 2009 5:01pm Sep 15, 2009 5:01pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Malcolm is in Canada I believe...
all welcome if passing thru Vancouver....might cost yopu a beer or 10
Blogging daily now at www.volume.zone
- #197,596
- Sep 15, 2009 5:22pm Sep 15, 2009 5:22pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
- #197,597
- Sep 15, 2009 5:23pm Sep 15, 2009 5:23pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
In order to see if the down move may continue i had a look at the 4 hour futures.
I am going to have to check this against esignal later
Today we hit the 50% fib of the move 1.6100 to 1.6750 and found buyers.
The 4 hour form a vsa perspective looks like it could be a shake out ( down candle highish volume then up candle high volume). The result of this will not be shown till later in London .
If price goes above 1.6520 then 1,6600 to 1.7000 is target and mrsnipers said earlier and this is a bull flag only. If this is the case then we have a 1-2-3 buy set up in gu with fib extensions plotted on it that could take us up into 1.7000 (fe 100)
1.6520 seems to be the critical zone for test 1.6600 ... 1.6600 breaks then the head and shoulder on daily is void and 1.7000 could be target
red in attached is fe assuming that 1.6400 was pivot low for move up
yellow is fib retrace of move 1.6100 to 1.6700
so for now I am looking at 4 hour as a potential bull flag set up.... DX broke recent lows today
I will post EW bs later lol ......
I am going to have to check this against esignal later
Today we hit the 50% fib of the move 1.6100 to 1.6750 and found buyers.
The 4 hour form a vsa perspective looks like it could be a shake out ( down candle highish volume then up candle high volume). The result of this will not be shown till later in London .
If price goes above 1.6520 then 1,6600 to 1.7000 is target and mrsnipers said earlier and this is a bull flag only. If this is the case then we have a 1-2-3 buy set up in gu with fib extensions plotted on it that could take us up into 1.7000 (fe 100)
1.6520 seems to be the critical zone for test 1.6600 ... 1.6600 breaks then the head and shoulder on daily is void and 1.7000 could be target
red in attached is fe assuming that 1.6400 was pivot low for move up
yellow is fib retrace of move 1.6100 to 1.6700
so for now I am looking at 4 hour as a potential bull flag set up.... DX broke recent lows today
I will post EW bs later lol ......
Blogging daily now at www.volume.zone
- #197,598
- Edited 5:45pm Sep 15, 2009 5:25pm | Edited 5:45pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #197,599
- Sep 15, 2009 5:26pm Sep 15, 2009 5:26pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
i hope so bro still having faith in my analysis that we should see 16x.xx
but hummm any way are u saying your bullish with me ? when u said buying dips ?
the count so far 1h suggests wB in place not sure about the 160 just yet if a B nope if a w2 maybe just maybe
prolly scream 170-178 +
alot of time has past with no serious decline correction to this drive north, would might think they dont want it down just yet
i originally said this drive will last into nov-dec and should decline around 160 level-136 as a corrective stance and drive into end of year and fall, no correction so to speak of yet, if at all. Perhaps they havent sucked enough money into market just yet, Its all about raping ppl BIG, definately the herd hasnt piled on yet.
"Millionaires don't use astrology, billionaires do"