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- gene22 replied Nov 2, 2007
Your stop loss was not strategically placed INMO, look at the chart more closely, above 240.21 would of made a lot more sense to me on the intraday play. Identify intraday extremes, match with fib's sup/res, and then see which way the wind blows
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
Price and time, 11.52, 239.51, Based on my bored state I had 11.50 239.49, hahah, 238.71 target at least, just playing around squaring numbers. Aus, how long have you been trading bro, I hope your wife is well balanced, mine would of killed me if I ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
OK that was my guess but wanted to be sure, I don't know based on all of the analyses that I've done prior to this week and up to yesterday, I'm biased to the downside lower than we had yet seen, I want to wait for the end of today as any serious ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
The dollar broke through, and now has another 25 pips to fall, ok, lets wait, don't see it going further north today.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
Hi Rookie, I'm not an expert, like Aus, it's his strategy, but I had looked at it extensively for the past several weeks and you argument holds water. Keep in mind though, we don't know if this is a correction or a short term top that we saw ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
Ok, a question first, how did you draw that elipse that you are showing the top at the 78 fibo level, I'm not proficent yet in this thing, that's why I'm asking. If you tell me the reasoning behind this, and it's solid than most likely scenario is ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
Ok, this is just a speculation based on the EU/BP, accrding to the chart, pound is going to the shitter for a long, log time, Euro on the other hand will be the currency of choice. This is a yearly time frame, considering what I hear is happening ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
Aus, Islander, thank you, a stupid question if I may, what do I need to do now with this?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
OK, just learned what 1k means, after got the vouch from Markam, didn't ask for it, thank you my friend, I didn't even know what it was untill now. Well, now that I do know, would that be to presumptious to see if someone else feels that they can ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
There is nothing easy in this world, but beauty lies in simplicity, the problem is not trying to see the waves they are obvious(well at least to me) it's remembering and applaying 3000..... different rules variations, projections, etc, also without ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
I appologise, don't remember who posted the polytrendline stuff, never used it personally, was bored again, did some digging, very usefull, thanks
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
I was so pissed when I read that EW analyses joke, was about to just turn this off untill the end of the day, but you, you..... "I'll remain short until I see things reversing" This made me tingly all over, way to go, read the charts, don't do ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 2, 2007
Ok, now why don't we do a full count now, God, why do people attempt to do some complicated stuff when they really don't know what they are talking about. My friend learn how to crawl first before you start running on all cylinders. Which wave are ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 1, 2007
Aus I see your point, i've checked going back on the charts, I can't say that it has a such a high rate of being exactly on target, on the monthly scale 100 pips is pinuts, tommorrow is Friday, the weekly shouldn't close on the extreme according to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 1, 2007
HMM, ok, I can see this as a possibility, but if we are talking purely technical, the only thing to support your claim is the momentum, PA idicates otherwise, pound had set a minor top, some retracement will follow, I don't see an extension in the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 1, 2007
Ya, I would say amusing is an understatement, ok july 9th, I think you beat me again, will find the post anyway but mine was a bit later I think, I was concentrating on picking a very exact entry, I mean within a 50 to a max 100 stop loss, made my ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 1, 2007
Aus, I swear, every time you post I go back to the charts to double check for myself. Your credibility is rather high with me so, you are making me work yet again, kidding. Seriously though tomorrow is a real possibility to test the 240 area again, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 1, 2007
Quote: Originally Posted by the_wizard image Ok, since it made lows of 1.0338 and 1.0340 respectively and then rebounded hard, I'd say that gives you some very strong credibility. I have to admit I found the "crazy prediction" part a bit amusing ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Nov 1, 2007
Aus, now why you got to post something like that?! I wasn't planning on anymore analyses untill friday's close, I'm up to my ears in shorts, I know it's nice where you are now, WHY ARE YOU WORKING? lol, btw, there is a time date of 11/05 Monday, I ...
Auslanco - GBP/JPY and GBP/USD (newstrade)