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

  • #211,381
  • Jan 7, 2010 11:51am Jan 7, 2010 11:51am
Quoting donfriday
PK the guy got is own EW theory not from mr R.N. Elliott's himelf
bro, naatha's counts in the past had very valid points.
  • #211,382
  • Jan 7, 2010 11:54am Jan 7, 2010 11:54am
Quoting pkimnyc
bro, naatha's counts in the past had very valid points.
valid without abc correction? ...maybe what i read is not EW wave.
MY OPINION NOT FINANCIAL ADVISE
  • #211,383
  • Jan 7, 2010 11:54am Jan 7, 2010 11:54am
Quoting donfriday
they are meant to be killed by trailling...this is just small portion but intend to hold for long term, wish me luck.
I'm with you 100% and mine looks similar... long haul baby (I'll revaluate PA when we hit 152.50)
check out my blog: forexmademillionaire dot com
  • #211,384
  • Jan 7, 2010 11:55am Jan 7, 2010 11:55am
Quoting naatha
gj1h gj15m

it`s not an Elliot Wave, but „some kind of Fractals or Zigzags counting“, may be & volumes. It is more profitable - for me, than EW. EW is too complicated.
cool. thanks.
  • #211,385
  • Jan 7, 2010 11:57am Jan 7, 2010 11:57am
Quoting donfriday
valid without abc correction? ...maybe what i read is not EW wave.
you have to put in the context of cycle.
ew or some other type of wave counting methods.
naatha's methods may not be in the context of ew, but the cycle that he saw was very close to actual.
  • #211,386
  • Jan 7, 2010 12:04pm Jan 7, 2010 12:04pm
pkimnyc
If it is a counts in the past so I can`t got some profit from it, but look at the pics.
02.11.2009
05.01.2010
hocus-pockus: 420->1660
Attached Images
  • #211,387
  • Jan 7, 2010 12:05pm Jan 7, 2010 12:05pm
Not my usual Sunday contribution, but picked the trigger back up today and, as usual, make a contribution here that will formulate my plan for the next few days/weeks.

Hope nobody minds. And point out that I never state specific entry points, as everybody here runs individual systems, and has individual psychologies - too many times contributors are criticized for such practice when price goes the other way. I prefer to consider small regions, and then watch MAs etc on smaller time frames.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu daily_070110.gif Size: 34 KB
Click to Enlarge Name: gu 4hr_070110.gif Size: 32 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #211,388
  • Jan 7, 2010 12:08pm Jan 7, 2010 12:08pm
Quoting naatha
pkimnyc
If it is a counts in the past so I can`t got some profit from it, but look at the pics.
02.11.2009
05.01.2010
hocus-pockus: 420->1660
naatha, i'm not disagreeing with you bro.
although i do heavily rely on ew in my method of trading, i also respect your way of view of the market.
bottom line is... whichever methods we choose to trade with, as long as it's profitable then why change it.
  • #211,389
  • Jan 7, 2010 12:16pm Jan 7, 2010 12:16pm
Quoting pkimnyc
you have to put in the context of cycle.
ew or some other type of wave counting methods.
naatha's methods may not be in the context of ew, but the cycle that he saw was very close to actual.
thnx...if he say so ...
MY OPINION NOT FINANCIAL ADVISE
  • #211,390
  • Jan 7, 2010 12:38pm Jan 7, 2010 12:38pm
ok..i think we gonna see 146.80 before the real upmove,, eur/jpy 131.80..
  • #211,391
  • Jan 7, 2010 12:38pm Jan 7, 2010 12:38pm
id like test 146 again
  • #211,392
  • Edited 1:10pm Jan 7, 2010 12:56pm | Edited 1:10pm
here is my view..similar to eur/jpy .. gbp/jpy back to 146.80 to test the support,after 2 failed attempts. eur/jpy wedge formation, back to the 78.6 fib at 131.80 ..before any bull runs

and if you stayed long,youre stop must be below 146.
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  • #211,393
  • Jan 7, 2010 1:08pm Jan 7, 2010 1:08pm
Look at this weekly chart from Gopher, interesting how 50 Ema is driving the down movement.

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Click to Enlarge Name: gopherweekly.gif Size: 20 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #211,394
  • Jan 7, 2010 1:47pm Jan 7, 2010 1:47pm
Closed GY longs now. I've seen this kind of PA before where a significant break north is expected, (wished for), only for the price to suddenly drop 200 pips. Not saying it will drop necessarily, just that my personal risk/reward for longs has diminished as the day has gone on.
Also seen slight signs of sellers at various times too. If it's distribution,I don't want to be on the wrong side of it.

Holding AY longs for the longer term.
  • #211,395
  • Jan 7, 2010 2:11pm Jan 7, 2010 2:11pm
If you look at the average true range over a period of one year on the DAILY you will notice that the price action is extremely complacent - even with the holiday factored in.

This means the obvious, of course, a big move is likely coming. It has gone down all times. Sept. 22 and Nov. 26 are notables. Sept. '08 also compares.

On the other hand, we did break a big trend line to the upside.

Just a few additional observations.

NM
  • #211,396
  • Jan 7, 2010 2:14pm Jan 7, 2010 2:14pm
Quoting next-move
If you look at the average true range over a period of one year on the DAILY you will notice that the price action is extremely complacent - even with the holiday factored in.

This means the obvious, of course, a big move is likely coming. It has gone down all times. Sept. 22 and Nov. 26 are notables. Sept. '08 also compares.

On the other hand, we did break a big trend line to the upside.

Just a few additional observations.

NM
True, but lets remember these these take time to unfold (generally much more than we feel like they will). We could see this "complacent" type of PA up to the mid 150s or even low 160s and then see this big move, or as some like to say "KABOOM" to the downside.

A few of us are definitely anticipating this and waiting for it to unfold.
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  • #211,397
  • Jan 7, 2010 2:22pm Jan 7, 2010 2:22pm
but, strength/weakness analyses of GBP and YEN improve a little bit for longs see GU and UJ, no reason to change long position
Don't be a hero. Don't have an ego. Always question yourself
  • #211,398
  • Jan 7, 2010 2:24pm Jan 7, 2010 2:24pm
Quoting Beljevina
Looks like 148.3 is the support. Should see a trace back up to 148.55, but I think today's NY high is accounted for.
tsk tsk tsk... never underestimate the beast, never! Anyway, glad you were wrong
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  • #211,399
  • Jan 7, 2010 2:25pm Jan 7, 2010 2:25pm
Was spooked earlier and cut GY for a pip. Target was WP. Ah well...

Right, I retire for the evening. Good luck to all that stay.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #211,400
  • Jan 7, 2010 2:26pm Jan 7, 2010 2:26pm
Quoting USD-Bear
but, strength/weakness analyses of GBP and YEN improve a little bit for longs see GU and UJ, no reason to change long position
Yes, yes hold tight Bear... we're in a bull run for now


http://travelhouseuk.files.wordpress..._the_bulls.jpg


Hold on to your butts!!!
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