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Raza replied Jun 21, 2009Here is a 30 year.. quarterly chart... Check out the Fib% level.. also a BIg Hammer.....
We should know what to expect next 3 months. We are far from 23%. Can someone do a wave count on this one?? Please.. Since 1990s this 243xx levels is Holding ...Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 20, 2009I have not traded this pair for a long time.. so I dont know.. Need One more candle to confirm!!! Since they both are paired with JPY.. but they dont move together some times.. one goes one way the other goes the other way.. I will leave this to ...
Daily candle chart
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Raza replied Jun 20, 2009Not a gravestone Doji But This.. From what I know It Can have a small lower shadow... In EJs case you do.. image INVERTED UMBRELLA Type:ReversalRelevance:IndecisionPrior Trend:N/AReliability:MediumConfirmation:N/ANo. of Sticks:1 Definition: An ...
Daily candle chart
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Raza replied Jun 20, 2009I am also waiting for this..
What about the stop loss for Sell positions.. 164ish??? That would be a little too much. I am gonna short with smaller trade and add..Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 20, 2009Honestly i dont know.. where its gonna go.UP first OR Down first. If it goes UP.. I am expecting a Double Top Atleast... If down 153 xx level. So really hard to say.. It doesnot look like any pattern..Wave count is not making sense yet.. the only ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 20, 2009BTW. gbp/Usd 4HR.. Looks like a Bearish Triangle... not a Coiling triangle.. like we had earlier.. Agree with PHI's Scenario... better yet Trade the Break outs.
Elliott Wave Trading
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Raza replied Jun 20, 2009Take a look at These Fib% levels Again!! posted this 2 months ago I think!! This is not a Coincidence.. its been Planned ( Markets are not Random)
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 20, 2009This is not a Bearish Harami!! It has piercing line to the prior candle. Bearish haramis should reside within the prior candle.. This can qualify as Hammer or Better yet as Hanging Man. But dont let the Red colour Deceive you.. Ideally next candle ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 19, 2009My broker does not offer Hedging option any more.. Could you recommend few good brokers who can??? Thanks
Elliott Wave Trading
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Raza replied Jun 18, 2009Enjoying the PA...NOT....!!Can Someone wake G/J up... please... It seems like a Head and Shoulder..month... in most of the currencies... probably all traps..
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 18, 2009Forget the ladies... Checkout the chart... 2 hr.. chart.. Bearish HD all over the RSI... If This is a Head and Shoulder for REAL..(162xx - 157xx) then This is what should happen.. If not there is an Arrow for upward Target as well.. But I dont agree ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 18, 200930M chart. This is still a Bull Flag even if it goes down to 152xx. If it does it will be a very good buying opportunity.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 18, 2009I am still short biased...153xx-- 152.. Hourly Pin bar looks good so far.. QQE is Down on Daily.. MACD is also crossed Down...But RSI has massive Bullish Diversion. Thanks Rgitt for a reminder . ( tripple witching Hour.) there will be some nasty ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 18, 2009[quote=malcolmb14;2812087] lol... I think it will get there... Patience.,,
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 17, 2009First We need to break or close below 156xx. 1Hr.. then 154.70 london... after news at 4:30am.. Lower to 153xx level. By Friday 152xx level.. I dont see this thing going below 152xx level. Daily 50ema is approaching 152xx.. 50% retracement of ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 17, 2009This consolidation means only one thing.. Big Move is on the Way.. think it will be Fast too.. Move should happen today.. thursday. News is gonna be positive... but gut feeling is Market or Market makers are gonna take that as negative..(as usual) I ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 17, 2009Lost some PiPS LAST WEEK going forward this sunday.. with the Bias of price going slightly higher than last high.. Then took the loss..and left that Bias in neighbours backyard. Back to Trading charts now...

Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied Jun 17, 2009YES Captain.. got them 300pips for me.. then I had a sell limit from Weekly Pivot( slept).. so got another 300 some pips round trip..
On hourly this looks like a ABC.. zig-zag.. but think its tricky..its got another leg to complete C.. or ...Auslanco - GBP/JPY and GBP/USD (newstrade)