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- gene22 replied Jun 6, 2008
If usd/chf manages a solid weekly close below 1.0315 level, and next week has 2 solid days of closing below 1.0220, that would be a very strong indication that perhaps we are finally on our way, chf is leading the way currently, but as the move ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 6, 2008
lol, perhaps , perhaps... Looking at the usd chf chart, the structure is very similar to usd/yen, watching if the trendline can get effectivelly broken on a daily closing bases. There is a certain flight to safety as evidenced by the usdchf plunge, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 6, 2008
Yes there is that possibility, especially if we surpass 210.50 on the daily and then weekly bases, 219 level or even 230 would be in sight, I would say that in that case it will simply leave me dumbfounded, but I'll trade it if the price gives an ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 6, 2008
S&P futures had just spiked above 5/29 high, that is the line in the sand if the bearish scenario is to hold. Dow is still looking ok, but the fact that the futures on S&P are surpassing the level that shouldn't be breached if we are in a 3rd wave ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
The first intervention happened at 100 level by BOJ, I was trading at that time, it lasted for 6 months and went up 1300 pips to crash down violently later on. At which point there was a joint central bank intervention together with a policy by ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
Possible, but do not be so sure, there are some possibilities on that front, just refer to the Dollar index for refference, once it hits the extreme I was talking about earlier Euro will have a strong surge upwards beyond that fact I would have to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
Here is a simple picture that speaks a thosand words...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
Stare at the screen for 12-15 hours a day for 3-5 years and study in betweeen, perhaps you'll get there...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
Yes, you are correct, there is an opposite scenario that I of course have at the moment, but, and I repeat there is a big BUT, in order for that to happen there has to be a major fundamental shift in the markets and the entire world economy, and ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
Where did you find any of my posts that stated I was looking for a bull run? I think you had missunderstood, I was reffering to the immenent drop, depending on the time frame and price levels I do see a sideways to up movement on the Geppy, that ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
Lol, let me put it this way, everything in universe behaves according to the law of nature: the stars get born- 1st wave, grow- 2nd wave, mature-3rd wave, start to age-4th wave, and then finally die-5th wave. The same can be applied to any living ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
As it was discussed previously, there are certain cycles that one has to be aware off, a huge selloff is immenent, it is just a matter of time, one thing to watch for is 11:30 gmt 30 min yen candle, if there is a clear reversal signal at that point, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
106.65-107.20 is the reversal zone on the usd/yen, weekly cci had just cleared 100 level, in the type of donwntrend that we are in it is severe, last reading above this level was on 6/10 of 2007, one year ago. Inmo this is extremely significant and ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 5, 2008
This ia a Correction c wave up, most likely targets are between 207.65-207.85, the cycle high made on 5/30 should not be exceeded, on a daily closing bases, inmo, otherwize there would be a substantial shift and I do not see any signs for that to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 4, 2008
Who said I was offensive, read the previous posts, I was simply trying to have the man employ his brain before speaking out loud on the subject

Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 4, 2008
You could, that would be an effective hedge position that would ideally make money on both ends with a very minimum risk and a possibility of a highly stretched leverage, the only problem with this is your level on the geppy first of all, and second ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 4, 2008
Who said I was angry, simply trying to stimulate your brain, different ha, ok why don't you switch to a daily, and see what happens at the swing points and the strength of the move.

Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 4, 2008
[quote=Clouds;2036524]Most people don't have months to wait for a drop., I guess u do[/quo First off patience is a virtue, second of all trading is very much like fishing if you are not patient enough you may catch a lot of little pipsies, but if ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- gene22 replied Jun 4, 2008
Ok, this post I will not even dignify with any explanation or response except to say that your macroeconomic perceptions, cycles, waves, etc analyses are not on a level where you are able to make such comments, furthermore it would help if you had ...
Auslanco - GBP/JPY and GBP/USD (newstrade)