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

  • #222,861
  • Apr 29, 2010 5:30am Apr 29, 2010 5:30am
Quoting kegra
Man you dont even understand, is like someone using the right tool the wrong way, every tool has instructions, the harmonic pattern theory has a huge instruction manual written by its creator John Gartley , do your due diligence before flaming ...

and you can base your trading on wrong analysis i dont have problem with that, in fact i like it cause people need to lose money in order other people that read instructions to win, ...i love zero sum games lol and btw its not ego i have crushed mine years ago, just a precaution to other readers that...
use some common sense mate..the dude posted gartley patterns and see what u wrote...Can you please dont post wrong harmonic analysis ? people they will think that harmonics are not working if you post wrong analysis.......we all been down the road man.
MY OPINION NOT FINANCIAL ADVISE
  • #222,862
  • Apr 29, 2010 5:32am Apr 29, 2010 5:32am
Quoting Raza
He could be right...

142 and last low needs to Hold..

Take a look at this Gartley and compare that to your 1 hr Chart..147xx ( Elliot wave)

even the Daily Candle stick pattern looks like a Bullish Harami...

News was Good...
i care about wrong analysis , i dont care about outcome never, i play probabilities and for me now is at the middle of nowhere can go up can go down..coin flip... i dont play coin flip stopped years ago..prefer stay in sidelines.
  • #222,863
  • Apr 29, 2010 5:36am Apr 29, 2010 5:36am
Quoting kegra
i care about wrong analysis , i dont care about outcome never, i play probabilities and for me now is at the middle of nowhere can go up can go down..coin flip... i dont play coin flip stopped years ago..prefer stay in sidelines.
Everyone is responsible for their OWN...

Sideline is Good...

It will be a nice short later
Markets are not Random, they are designed!
  • #222,864
  • Apr 29, 2010 5:37am Apr 29, 2010 5:37am
Quoting donfriday
use some common sense mate..the dude posted gartley patterns and see what u wrote...Can you please dont post wrong harmonic analysis ? people they will think that harmonics are not working if you post wrong analysis.......we all been down the road man.
I didnt and i dont want to be mean to anyone , just that many people may rely to others here and i saw someting that i know is a wrong use of harmonic patterns and my understanting in those situations is to tell that this is wrong..

anyway.. i am waiting for better setup...
  • #222,865
  • Apr 29, 2010 5:37am Apr 29, 2010 5:37am
Geppy is going to test 143.79, and next 144.45, are u up until we get out of this region, we shall continue dancing around.

Quoting ngiler
let's sing jaysean - down
Geppy are you down down down down down, Downnnnnnn, downnnnnnn....
  • #222,866
  • Apr 29, 2010 5:42am Apr 29, 2010 5:42am
Quoting uncletrumpet
Geppy is going to test 143.79, and next 144.45, are u up until we get out of this region, we shall continue dancing around.
i am singing and watching

Inserted Video


lol this translated means that first we must see new lows and then new highs..
  • #222,867
  • Apr 29, 2010 6:09am Apr 29, 2010 6:09am
Quoting ngiler
let's sing jaysean - down
Geppy are you down down down down down, Downnnnnnn, downnnnnnn....

But it looks to me like it is ready to fly. EU up..EJ up..I am buying gJ too
  • #222,868
  • Edited 6:56am Apr 29, 2010 6:20am | Edited 6:56am
interesting - for me
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  • #222,869
  • Apr 29, 2010 7:14am Apr 29, 2010 7:14am
Quoting Myrza
I am starting to doubt this...bull seems so determined. Looking like we are going back to 145

143.6 is the last crucial resistance . IMO if it doesnt hold the 4 hour upswing may reach 145-146 again.

Daily has to close below 141.6 for bears to reach lower..we havent closed below it for more than 2 weeks..we can ignore last week's opening gap...that was a fluke

I suspect GJ is picking up steam for 148..
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  • #222,870
  • Apr 29, 2010 7:24am Apr 29, 2010 7:24am
Quoting Myrza
I suspect GJ is picking up steam for 148..
not necessarily, I'm looking at weak and still declining volume here on the rise
  • #222,871
  • Apr 29, 2010 7:29am Apr 29, 2010 7:29am
Ok boys and girls ,are you all ready for that 400 pip drop? 50 pips still left on gbp/usd and gbp/jpy before the bears take over..
  • #222,872
  • Apr 29, 2010 7:31am Apr 29, 2010 7:31am
Quoting Eulogy
not necessarily, I'm looking at weak and still declining volume here on the rise

Right..the rise looks very very weak. Let just wait and see where the hourly bar will close.
  • #222,873
  • Apr 29, 2010 7:35am Apr 29, 2010 7:35am
Quoting fullhouse
Ok boys and girls ,are you all ready for that 400 pip drop? 50 pips still left on gbp/usd and gbp/jpy before the bears take over..
Don't sounds so confident. always leave an alternative direction. alot of ppl is reading this forum.
Read the entire market, money is made on the main trend not the fluctuation
  • #222,874
  • Apr 29, 2010 7:37am Apr 29, 2010 7:37am
guys isn't it bearish div forming on 1h ?
  • #222,875
  • Apr 29, 2010 7:42am Apr 29, 2010 7:42am
Quoting Kofmaster
Don't sounds so confident. always leave an alternative direction. alot of ppl is reading this forum.
Loool...
  • #222,876
  • Apr 29, 2010 7:55am Apr 29, 2010 7:55am
Quoting fullhouse
Ok boys and girls ,are you all ready for that 400 pip drop? 50 pips still left on gbp/usd and gbp/jpy before the bears take over..
Possible, but I don't think the market is feeling that way. Dips are being bought - look at the volume 2 days ago down below 142 - the JPY crosses are representing the state of the US sentiment. I know I said EURJPY was on it's way to 121, but it looks like the EU catastrophe is being bought - "we ain't got no stinkin' crisis!" Heck, they only need $800B to bail out all the hands. And don't forget the straight up 1000 pips from 134-144. UK election resolution is also driving sterling - the crash is on hold.
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  • #222,877
  • Apr 29, 2010 8:16am Apr 29, 2010 8:16am
Quoting Beljevina
Possible, but I don't think the market is feeling that way. Dips are being bought - look at the volume 2 days ago down below 142 - the JPY crosses are representing the state of the US sentiment. I know I said EURJPY was on it's way to 121, but it looks like the EU catastrophe is being bought - "we ain't got no stinkin' crisis!" Heck, they only need $800B to bail out all the hands. And don't forget the straight up 1000 pips from 134-144. UK election resolution is also driving sterling - the crash is on hold.
Yip,got that in mind and most important will we see the close of tommorow. I will short gbp/jpy at 144..13 and gbp/usd at 1.5318 and keep an close eye. This is all 100% technical entries. You know for sure or anyone here more than me in the fundamental side.I'm a knoob when it come to neews and fundies. From my technical point of view can I see we will get as low as 138 and my personal target is 136.50 and eur/jpy 120.50/120.80. From there on its back up but again more sideways on monthly . But gbp/usd tell me a whole diff story and I see 1.45 after we break the low.but again elections is in the way . Let's see . All my posts is only based on technical and fundies can mess up this view.
  • #222,878
  • Edited 9:09am Apr 29, 2010 8:55am | Edited 9:09am
Got this elsewhere ... if this were so, given the ire that the Spain downgrading took from EU leaders, hard to judge the validity of this. You'd at minimum expect official word to be released at European equity market closes, like they did for Spain yesterday. Just putting it out there, as a remote possilibity for your trading positioning over the next few days:

There is some chatter in the market with regards to a rumor of a potential UK credit downgrade… the long-term credit rating in the UK is AAA across all ratings agencies, so a downgrade here from the top perch would be very negative for GBP in the short-term.


In the meantime, looks like the bulls & bears are duking it out between 143.8 and 143.4 - might be a break to the downside until further support is cemented.
  • #222,879
  • Apr 29, 2010 9:37am Apr 29, 2010 9:37am
Hi there,
Currently GJ is up. Im expecting it hits 144.28 next is 145.00.
Ok bye for now.
Tq.
  • #222,880
  • Apr 29, 2010 9:40am Apr 29, 2010 9:40am
time for short ?
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