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

  • #197,661
  • Sep 15, 2009 7:28pm Sep 15, 2009 7:28pm
49.77 could be concidered w2
"Millionaires don't use astrology, billionaires do"
  • #197,662
  • Sep 15, 2009 7:31pm Sep 15, 2009 7:31pm
Quoting A-speculator
Well, in my experience as a swing trader, i can say that.. yes, you can swing 1/several position up to a point you want but giving back all the profits to the market then what is the point to swing the position(s)..

the point is to close certain part of the position at a predetermined area should you happen to be correct in ur analysis and letting rest run. every trade could turn into an Olympic runner but you also need to get paid
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #197,663
  • Sep 15, 2009 7:32pm Sep 15, 2009 7:32pm
Quoting A-speculator
Well, in my experience as a swing trader, i can say that.. yes, you can swing 1/several position up to a point you want but giving back all the profits to the market then what is the point to swing the position(s)..

Well was just saying because the court isnt out just yet for a true count IMO, BUT MS is playing large swings so in light of that Large swings i can understand why he held on and hope he perhaps added to the position on the exdhaustion, DBL DOWN on the aces, for a cpl monkey's IF its a true count,
"Millionaires don't use astrology, billionaires do"
  • #197,664
  • Sep 15, 2009 7:32pm Sep 15, 2009 7:32pm
The attachment is uglier than i expected but the gist of the matter is this.

On dailies the 149.xx mark has provided effective support repeatedly. And this seems to be happening again this time round.

Coupled with last weeks absence of volume and this weeks good results am tempted to expect this thing to go up very soon...
  • #197,665
  • Sep 15, 2009 7:32pm Sep 15, 2009 7:32pm
http://www.forexfactory.com/news.php?do=news&id=196468

Howzit guys...I think we may be heading for a soda pop rally...not sure if there is any shorts to accelerate things but this articles just underlines it.

This will give reason for fear to kick in and a sell off...

Not that this really matters for me but from what is been said on Blooms, etc.

From what I hear on Blooms there is money to be applied to the long side....

So...for me I think I am dusting of EJ as preferred long for now and GJ for shorts...

  • #197,666
  • Sep 15, 2009 7:32pm Sep 15, 2009 7:32pm
Quoting sinner-
I am getting so sick of being ratted on for speculating in this thread while waiting for PA to move!

What is the point of even talking here then if we can't share our views.

The PA is slow, guess what, I will post here with my opinion. If you don't like it, then don't read it. Put me on your ignore list please!

As for the idea of "conspiracy" what a joke, yeah right mate, it's simple to me maybe difficult for you to understand: TOKYO WILL NOT BREAK THIS RANGE TODAY. THEREFORE SHE MUST GO UP.

PS: Why do people in this thread keep...
Settle down dude, as you said just sharing my veiw. to be honest i do have you on my ignore list because of these useless rants, and i only came across this post because i momentarily logged off and ignore lists don't work. So i was not talking about you origianaly or no spesific person infact i was generaly speaking. i sincerely wish you all the best any way.

Don't bother replying because i am staying logged on, if you know what i mean
  • #197,667
  • Sep 15, 2009 7:33pm Sep 15, 2009 7:33pm
Quoting Agaba130
There is a lot of talk about 147.XX but from my reading of this I think 149.XX is a more realistic expectation as per historical support.

What do you think? This is my daily...
i didn't understand your chart to be honest lol

but let me tell u

when we were going down from 163 while approching 150 area

i said guys i am not going to sell i am waiting for a buy setup

i said price could go between 150 to 146 i can't make sure but what i know that the buy setup that i am waiting for will fail if 146 is broken

so i kept waiting and counting waves until we fineshed the counting for down wave at 149 !!!

so i said thats it big guys had enough of down move its buying time

so i went long at 149.50 and put my SL at 146 which is failing point for my EW analysis

after 400 pips jump i counted all the move from 149 to 153.26 as FIRST WAVE ONLY

so this down move now is SECOND WAVE which is correction wave

2nd wave can go down any where they want but they shouldn't break 149 by 1 single pip

i remember long long time in cable i had the same exactly setup and i went long

price came close to my EW stop loss by 9 pips only !!! and then it shoot up 1000 pips up

so u never know it might happend again

and this is why i raised my SL from 146 to 149 and exactly to 148.80 just incase various closing in various MT4
  • #197,668
  • Sep 15, 2009 7:39pm Sep 15, 2009 7:39pm
Quoting msniper
i didn't understand your chart to be honest lol

but let me tell u

when we were going down from 163 while approching 150 area

i said guys i am not going to sell i am waiting for a buy setup

i said price could go between 150 to 146 i can't make sure but what i know that the buy setup that i am waiting for will fail if 146 is broken

so i kept waiting and counting waves until we fineshed the counting for down wave at 149 !!!

so i said thats it big guys had enough of down move its buying time

so i went long at 149.50 and put my SL at 146...
That is a very dangerous game my friend. We have yet to have positive acceleration on monthly, weekly or even daily.. Not to mention about the downward momentum.. I reckon 148 is achievable if 149.50 taken out.
  • #197,669
  • Sep 15, 2009 7:41pm Sep 15, 2009 7:41pm
Nikkei and SPI up already on anticipation of China up open.
  • #197,670
  • Sep 15, 2009 7:47pm Sep 15, 2009 7:47pm
Quoting malcolmb14
sell candles higher volume can ALWAYS be hidden buying.....particularly if they occur on a 15 min chart. Pros will always buy into weakness and sell into strength.

This is where newbies go wrong... on news they see large volume on an up or down candle they trade it right away instead of waiting to see the reaction to the ultra high volume. Often up moves associated with volumeo n good news are sellers... and down moves on weakness buyers. This is the basci principle of vsa
I've read the VSA thread 30 minutes ago. But the turning point can show with higher volumes than the average if I'm right and right now we have only very small and small volumes.
You Malcom just use MT4 data for the volume?, or some better software with non smoothed feed.
"Hate the sin, love the sinner." - Gandhi
  • #197,671
  • Edited 8:03pm Sep 15, 2009 7:50pm | Edited 8:03pm
I dont know about the Guessing Game..

I just want these 2 Lines to be tested.. some time this week
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Markets are not Random, they are designed!
  • #197,672
  • Sep 15, 2009 7:51pm Sep 15, 2009 7:51pm
MS maybe this is beginning of final drive target 172 min
"Millionaires don't use astrology, billionaires do"
  • #197,673
  • Sep 15, 2009 7:55pm Sep 15, 2009 7:55pm
Quoting OrionsWay
MS maybe this is beginning of final drive target 172 min
172- 173 is the 123% FIB of the move from 118- 163.. Just wanted you Guys to know.
Markets are not Random, they are designed!
  • #197,674
  • Sep 15, 2009 7:56pm Sep 15, 2009 7:56pm
So taking away the GJ chart and looking at its Majors...

I do not see it going up in the short term.

Comments?
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Que
  • #197,675
  • Sep 15, 2009 7:56pm Sep 15, 2009 7:56pm
Quoting OrionsWay
MS maybe this is beginning of final drive target 172 min
i am trying to find old chart for my analysis when GJ was in 140 area i said target is 178

but couldn't find it

any way i will post now a chart now for old situation remind me of the current one
  • #197,676
  • Sep 15, 2009 7:57pm Sep 15, 2009 7:57pm
Quoting Raza
172- 173 is the 123% FIB of the move from 118- 163.. Just wanted you Guys to know.
we'll get back to you after we reach 140 - 141.. don't worry..
  • #197,677
  • Sep 15, 2009 8:05pm Sep 15, 2009 8:05pm
Quoting malcolmb14
upto the Chinese crazy guys .... seems fx waiitng to see open of Hong Kong and Shanghai.

Nikkie opened up as expected .. gj still .... boring..

i think the last week or so those lovely moves we used to see in Asia are not there any more. The market dynamics have changed somewhat over the last 2 - 4 weeks I have noticed.
Agreed. This market has bored me to tears lately. Maybe October will be better . . .
"Don't trade to trade . . . trade to win." - James16
  • #197,678
  • Sep 15, 2009 8:06pm Sep 15, 2009 8:06pm
EUR/JPY follows GBP/JPY?
ABCD..
  • #197,679
  • Sep 15, 2009 8:11pm Sep 15, 2009 8:11pm
ok here is my chart before few weeks when i said we finshed the down move at 149 and u can see my long term analysis that we should shoot uppp

any way the point i am trying to prove right now

that correction wave such as the wave we are riding right now can correct as 100% of the wave before that without breaking any EW rules. and it will break only if it break the low by 1 pip only

and this can be applied at wave 1 and 2 or 3 and 4

the second chart is old chart for price when it was in 135 area

i went long at 138.xx area it was a correction wave 4 which i thought it will correct like 50% or 75% of the 3rd wave

but instead it kept correcting to almost 98% of the 3rd WAVE !!!!!

i was going to loss alot because LOW was 135.20 and stoploss should be 135.19 !! which is almost 3xx pips drawdown

i kept holding postion price went down to 135.69 and bounced up more than 1000 pips

EW analysis is very accurate and sensistive and u should follow the rules always

now our current situation is almost the same !!!

WAVE 1 LOW is 149 !!!

WAVE 2 which is correction wave can correct up to 100% which mean its ok if it goes down to 149 again but shouldn't break it by 1 single pip


i hope this example is clear and sorry for the long post
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  • #197,680
  • Sep 15, 2009 8:13pm Sep 15, 2009 8:13pm
Quoting OrionsWay
MS maybe this is beginning of final drive target 172 min
....just yesterday we were aiming for 136...now it is 172....the mark of a good intraday trader....
Attached Image
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