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

  • #222,401
  • Apr 25, 2010 12:49pm Apr 25, 2010 12:49pm
Quoting Allseeingeye
4hr H&S
Here is the Pattern I see on 4hr that tells me we will have a fast DROP! The bottom picture should look like what we will get
Attached Image(s) (click to enlarge)
Click to Enlarge Name: patternbefore.jpg Size: 74 KB
Click to Enlarge Name: pattern.jpg Size: 76 KB
  • #222,402
  • Apr 25, 2010 12:58pm Apr 25, 2010 12:58pm
Quoting pkimnyc
a road map.

note : if we go above 146 zone then it's a start of wave 5.
potential wave 3 marked lower than 161 fe of wave 1 and 2, therefore wave 5 may be the longest wave? (longer than wave 3?)

if price does indeed marks higher than 146 then i would wait for price pulls back or consolidate and look for buy opportunities.
100% Correct but all we need to know that we are in a wave 5 is the break of the high of 145.04 but remember that wave 5 is the SUCKERS WAVE just when you think its going up it CRASHES! Just some food for thought!
  • #222,403
  • Apr 25, 2010 1:05pm Apr 25, 2010 1:05pm
Quoting pkimnyc
a road map.

note : if we go above 146 zone then it's a start of wave 5.
potential wave 3 marked lower than 161 fe of wave 1 and 2, therefore wave 5 may be the longest wave? (longer than wave 3?)

if price does indeed marks higher than 146 then i would wait for price pulls back or consolidate and look for buy opportunities.
Your consider long area & my 141 also make an INVERTED HEAD & SHOULDER so like I said this is real MUSHY & that tells me get READY FOR SOME ACTION! Also lets keep in mind that H&S Patterns come at THE END OF A BULL RUN! I think this could be the same type of scenario we had at 252 ANYONE REMEMBER THAT H&S
  • #222,404
  • Edited 1:27pm Apr 25, 2010 1:12pm | Edited 1:27pm
Quoting Allseeingeye
100% Correct but all we need to know that we are in a wave 5 is the break of the high of 145.04 but remember that wave 5 is the SUCKERS WAVE just when you think its going up it CRASHES! Just some food for thought!
if it breaks 146 then i would consider this as the start of wave C (daily + weekly). Plenty of time to get in. break of 146 would complete the initial wave sequence, then a pull back or consolidation. waiting for that would give us much bigger opportunity.

as for 5th wave being a sucker wave... i have a plan for that as well.
besides, i normally get in before hand, not at the break out (i suck at break out trades).
  • #222,405
  • Apr 25, 2010 1:17pm Apr 25, 2010 1:17pm
Quoting Allseeingeye
Your consider long area & my 141 also make an INVERTED HEAD & SHOULDER so like I said this is real MUSHY & that tells me get READY FOR SOME ACTION! Also lets keep in mind that H&S Patterns come at THE END OF A BULL RUN! I think this could be the same type of scenario we had at 252 ANYONE REMEMBER THAT H&S
for me to consider H&S, it would have to give me a clear impulse wave sequence (just my preference). as there is no clear 5th wave as of yet, i (personally) would not consider it as shampoo.
  • #222,406
  • Apr 25, 2010 1:37pm Apr 25, 2010 1:37pm
Quoting pkimnyc
for me to consider H&S, it would have to give me a clear impulse wave sequence (just my preference). as there is no clear 5th wave as of yet, i (personally) would not consider it as shampoo.
I consider everything Visible to the EYE & everything I SEE has an invalidation & or break point just like the H&S has one the wave 5 has one & so does the wave 2 have one, like Ive said 10000 times before its not about being right or wrong its about waying your options & taking the best odds & getting the HELL OUT if you are wrong!
  • #222,407
  • Apr 25, 2010 1:48pm Apr 25, 2010 1:48pm
Quoting Allseeingeye
I consider everything Visible to the EYE & everything I SEE has an invalidation & or break point just like the H&S has one the wave 5 has one & so does the wave 2 have one, like Ive said 10000 times before its not about being right or wrong its about waying your options & taking the best odds & getting the HELL OUT if you are wrong!
point well taken.
  • #222,408
  • Apr 25, 2010 1:59pm Apr 25, 2010 1:59pm
This is how I see the daily wave count ... I do not count the bump between wave 3 and wave 4. Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY,Daily.jpg Size: 201 KB
  • #222,409
  • Apr 25, 2010 3:36pm Apr 25, 2010 3:36pm
Quoting plucker01
This is how I see the daily wave count ... I do not count the bump between wave 3 and wave 4. Any thoughts?
how do u count the previous cycle of PA?
  • #222,410
  • Apr 25, 2010 3:48pm Apr 25, 2010 3:48pm
Anyone think the CSPI numbers coming out later today will have any impact on the Yen?
  • #222,411
  • Apr 25, 2010 4:28pm Apr 25, 2010 4:28pm
The chart posted before did not show the fractals. This is how I see it.
Attached Image (click to enlarge)
Click to Enlarge Name: dailyg-j.gif Size: 36 KB
  • #222,412
  • Apr 25, 2010 5:16pm Apr 25, 2010 5:16pm
gj1w
Attached Image
  • #222,413
  • Apr 25, 2010 5:33pm Apr 25, 2010 5:33pm
can anyone explain what makes gbp up please
thanks in advance
Attached Image
  • #222,414
  • Apr 25, 2010 5:38pm Apr 25, 2010 5:38pm
Quoting riko2705
can anyone explain what makes gbp up please
thanks in advance
Thin market..
Aus and NZ markets are closed (Anzac)... best stay away until Tokyo kicks ..
  • #222,415
  • Apr 25, 2010 5:48pm Apr 25, 2010 5:48pm
Quoting riko2705
can anyone explain what makes gbp up please
thanks in advance
The truth is GOLDMAN SUCKS I mean SACHS
  • #222,416
  • Apr 25, 2010 5:52pm Apr 25, 2010 5:52pm
after reading allseeingeyes's post #222410 I'm re-assessing my GBPJPY outlook. IMO if a EW starts to work, then the self-fullfilling carries on.

So, cheers allseeingeye for highlighting that one
  • #222,417
  • Apr 25, 2010 6:10pm Apr 25, 2010 6:10pm
thank you piters, allseeingeye..
good trading
  • #222,418
  • Apr 25, 2010 6:21pm Apr 25, 2010 6:21pm
No major news today. looks like gonna be a easy trending day
Where there is a will there is a way...
  • #222,419
  • Apr 25, 2010 6:33pm Apr 25, 2010 6:33pm
Quoting Allseeingeye
I see a pattern on 4HR that tells me we are going to have a 3-4 hundred pip move within the next 2 4hr candles & then I am really confused with this thing my brain & logic say keep selling but I keep seeing up moves so after the spike down to 141 I will look again to see if there is any change.
ya u r right...really mess my head last week..n am thinking to stay away even I still felt (not see a very clear movement) some pull back after 2-3 consecutive attempt to break this 145...

maybe gold is the culprit i think..mmm

am just watch atm....
  • #222,420
  • Apr 25, 2010 6:38pm Apr 25, 2010 6:38pm
Quoting plucker01
The chart posted before did not show the fractals. This is how I see it.
thank you, agree that count might be valid but keep in mind that wave 5 in rare occasions could be flat or even fail
let's see what geppy will do this week
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