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- rgitt05 replied Aug 20, 2009
Someone mention about the shareware on this board several days ago on the FF board..I think Donfriday should know..( Look thru the attachment files the past few days)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 20, 2009
I use the "snagit "program to draw lines.. url
I hope the PA follows my lines.. Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 20, 2009
Ping Pong down the 15TF bearish channel — The channel is getting smaller as the ping pong continues forming a wedge.. Due for a breakout downward or upward.. I prefer downward because the PA respects the downward channel nicely.. The ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 20, 2009
I can hear the echo down below...
Fitch ratings agency has downgraded two major UK banks and a few major European banks... Buy on bad news and sell on good news.. Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 18, 2009
Hi Donfriday, I did not want to violate the FF rules advertising the source..Anyway, I am glad you found this article helpful. I wished I knew this when I first started.. Good Luck..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 18, 2009
GREED — Part of an article I thought would be helpful for the newbies as well the experience traders. GREED is the most important reason of their failure. They have not been able to become a profitable forex trader because they are greedy. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 17, 2009
King Crushing Pound as U.K. ‘Can’t Afford’ Strength — url

Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
GJ end of the year Price Action — All bets on the ending of the year for GJ PA I projected 178.00<X < 180.00 resistance zone (38.2% fib level) to be the finally STOP before the BIG REVERSAL RALLY to 100.00 LEVEL into next year...
TREND IS ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
It depends on the JPY GDP fundamentals sunday morning that will determine PA ..It the JPY GDP is good than GJ is heading downward.. UJ TA looks bearish and GU looks bearish.. hmmm maybe GJ is bearish. Wait and see...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
IMHO, the ascending TL maybe the blueline I drawn over your chart.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
You are correct it is an ascending Triangle plus it broke back in the major TL channel . IMHO, the PA will test the minor LTL(153.00 zone) and retrace up to test the highs again this month or into next month
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
Here is my GJ layout for the Sept,Oct PA possible. If the 153.00 LTL( blue line) holds than 174.00<X< 178.00 will be the overall target in Oct.09. If the 153.00 breaks than 150.00 support will be the next level to target.. IMHO Plan your trades and ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
It is great you approved of the PA setup...LOL I hope it plays out...You are getting better with your chart setup.. Keep it up..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
It is true 140.00 is a strong resistance for EJ but if the fundamentals keep putting out BS news to rally this market than 140.00 will be a strong Support.. IMHO.. Trade the charts..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
I don't usually post EJ chart but I do trade the EJ as well since it follow the GJ. Look at the PA EJ form bouncing off the bullish channel... 131.00 is my TP for the short position and possibly my long position if the LTL holds.. Trend is your ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 15, 2009
Daily GJ perspective — Overall the daily channel( Green line) is still bullish and PA now in a PB to the LTL and support zone at 153.00 before another run for the high for the month.. Fundamentals for this month is still bullish after the feds ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 12, 2009
Fed leaves Treasury purchase plan unchanged at $300 bio; no extension; gradually slow Tsy purchases thru Oct. ahead of FOMC decision; despite the FED is widely expected to leave the funds target range at 0.0 percent - 0.25 percent, and since past ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 12, 2009
Federal Open Market Committee (FOMC) Rate Decision - August 12, 14:15 ET At 14:15 ET, the Federal Open Market Committee (FOMC) is widely expected to leave the fed funds target range at 0.0 percent - 0.25 percent, and this should remain the case ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Aug 12, 2009
The USD has been slammed in the run-up to the FOMC meeting...It all appears to stem from the usual correlations, where a steady Fed will support risk appetites, and stocks have rallied, and JPY-crosses have had an amazing rebound after an equally ...
Auslanco - GBP/JPY and GBP/USD (newstrade)