- Search Energy EXCH
- ovidiu replied Aug 21, 2007
Just click on my signature at Auslanco thread and on page 10 or 11 you'll find what you need in a post from Que
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Perfectly clear, that is why I entered a bit late, but like I said on my MT this also happend, the low of the 4h that broke the trendline was broke, I just hope that all the big players are also on the same start time as my broker so as to act ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Well I only can say that from what I read it is a very powrefull method, only that it has some isues with SL, and the choosing of swing points but in our case the swing points are almost ideal. and we had exactly the same thing when it fell from 238 ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Sorry for the late reply, but I was trying to upload an image, but for some reason imageshack.com doesn't work right now. Yes you are right I took the low from 17th august and the low from today, and you can see that they are both level 2 swing lows ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
226.90 huge support also 227 are upwards trendline broken should act as support, also descending trendline also 227 are not borken yet. On the other hand resistances: 225.80 weekly 50 fib it just bounced from there 225.66 38.2 H1 fib 225.20 23.6 H4 ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
I have like 24 hours of not doing any trading (just freaking watchig the screen) because of the range the triangle, the 50 weely the 23.6 mothly etc... If I am wrong no problem..., I'll do some more reading,but this looks to good, we even have a 57 ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Like I said above, I am short I don't care about a perfect entry..., TP 220... to give it some margin, are you riding this with me?

Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
A very interesting fact is that on the last 4h candle on my chart we just had a Mouteki trendline break with a price projection of 727 pips from the open of the last 4h candle which is at 226.36 so that gives us a price target at 219.09. I maybe ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Does this theory has any price projections too, if so how far do you see it go down?

Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Zoheir were would you short/long after a break? I would 225, 228.70 just to be sure but maybe you have better spots
Edit: I would have to go to sleep it is curently 11:20 PM here, and I bet I will be sleeping when it happens I have to set some ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
So you are inclining for a break upwards?:surprised
Brave Heart of GBP/JPY
- ovidiu replied Aug 21, 2007
then you could get away with it, only if it doesn't decide to break the trendline at that point
image Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
If I were you I would try to exit with minimal loss it will go back to test the trend line at 226.40
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Markam I really think we should find someone who is very positive about the future as you are negative, just to set a balance to thread

Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
In a week's time you will be praised as a someone who can see in the future

Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
I am only getting short only around 224.80 and with a firm 4h candle close, and if it will be something close to Auslanco strat, like everybody said looking at this for more than 12 hours and I wasn't tempted to get in I won't do it unless I am ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Well at least you are in an interesting envoiroment with interesting people. Between 7 and 12 hours before the next big move, more and more I am starting to think it will be down.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
I think things maybe simpler than they seem..., I am just waiting for one of those trendlines to be broken and I'll take either a long or a short. But again I don't know much
image Edit: Also you can see that in order to break either of the ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Normal market conditions suck, as opposed to last week I mean...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovidiu replied Aug 21, 2007
Mine has been crossed one hour ago, now 5min QQE might cross up
Auslanco - GBP/JPY and GBP/USD (newstrade)