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Piters replied May 21, 20085.42am still awake.. but Happy and with Bermudas...
congrat friend.. !!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
Thnks bro... EW to me is just another tool, as FIB'O''s. I am not trading with.. Just using fot some additional confirmation for Price targets.. I like to scalp
making more money with...Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
The TL is gone, but the good news is, that a lot of Resistance is above..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
I believe that same thing I did said. We are in Down movement from 251. so wave 1,3, and 5 are impulsive and 2 and 4 are corrective. The same is with ABC correction after wave 5. So Each Impulsive wave 1,3,5,A and C are made of 5 waves.. So Each ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
Only for Reference: EW Cheat Sheet.pdf www.doske.com/fx/EWCheat.pdf
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
EW Theory is very subjective. I am not an Expert in EW, but with my litlle knowledge, wave 4 is corrective and usually goes in 3 corrective patterns as ABC, or WXY.. the last wave 4 is complicated, A lot of EW experts are with different oppinions. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
1. If you read all my today''s posts you can see that I am scalping all day today .. been 12 times long and 13 times short and I am UP 213 pips..
2. My believe and fundametial NEWS are 2 diferent things.. I was expecting at least up move to DPP, ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
No joke man.. it is possible W5 to go to 2.618 FE = 180.937 (by Theory)
image Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
EW.. — If 204.85 is W2 of 5., then we go down.. to bigest one. Wave 3.. possible extend to 1.618FE = 190.06766 Chart: image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
If we break upper TL (trend line) then we go to DPP (Daily Pivot) and 0.618 FIBO.. but I can''t see any Buying power @ this moment..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
This threat is really: COLLECTIVE KNOWLEDGE You can''t get enough even after 2 years on this thread
just from personal experianceAuslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
Too early to give up from Bears
lol... but this can retrace till DPP (Daily Pivot Point) to much to go to upside.. it is easyer to go short .. less support. From the other side.. Fundamential NEWS are very bad for DJ.and $$ Oil, gold..Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
Possible RUN (retrace) to 203.95 ..carefull shorts! 0.618FIBO, Daily Pivot, Gann [4H], 200ema [4H] = 203.95 - 204.027
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
YEs. and usualy extend to 0.61FIBO
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
I believe that today is BOUNCE day as well, but mate, both YMM and DOW futures live are on 12836.. very close to close price from yesterday.. image image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
already edited.. sorry guys TYPO 203.40
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Piters replied May 21, 2008
so far 2 very strong lines are here: one is resistance line on top around 203.40 with more resistance lines (all block) 50ema [1h], 100sma [1h], gann HILO [1h] 200ema [1h]. Daily Pivot, and one is support proven strong line @ 202.65.. The price is ...
Auslanco - GBP/JPY and GBP/USD (newstrade)