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Scotty B replied Mar 27, 2008Hey guys — Wasn't able to jump in here this morning. The boss had other plans for me (wife). I see that every one is interested in longing this beast. I just wanted to agree with Malcomb about the pattern repetition thats been going on for the ...
GBPJPY scalpers
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Scotty B replied Mar 26, 2008A conservitive trade — I just TP @ 198.59. A nice little scalp I have to say. I'm sure she has more in her but thats being greedy in my book.
GBPJPY scalpers
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Scotty B replied Mar 26, 2008A real time example — this is interesting on the 15min there are no close by long cycles to complete. She could always make one but I am going short. 1st stop 198.59 We'll see though
GBPJPY scalpers
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Scotty B replied Mar 26, 2008I'm back — Hey just found this post. I was out for a while with my wife. In your example if the candle at the peak closed low then yes a down run would ensue. You never know when the price will finish a cycle, just where. So a lot of patience ...
GBPJPY scalpers
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Scotty B replied Mar 26, 2008As of now — She opened a new long cycle. Will she break it now or attend to those shorts?
GBPJPY scalpers
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Scotty B replied Mar 26, 2008Hey — We are def the minority today! She is retreating now and has not hit the 61 yet. It will be interesting to see how this current hourly candle closes.
GBPJPY scalpers
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Scotty B replied Mar 26, 200850 a breach — not to 61.8 yet. This will be the determining factor. Everyone else say's long. We'll see.
GBPJPY scalpers
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Scotty B replied Mar 26, 2008Broke the 38 — We'll see what happens at the 50. The current candle needs to be broken though the way it is now.
GBPJPY scalpers
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Scotty B replied Mar 26, 2008She's just doing her thing — Refer to chart, Green lines are long cycles and red are short cycles. I think she could bounce off the 38.2 fib and keep heading down to finish her lower cycles.IMHO. The overall trend is down.
GBPJPY scalpers
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Scotty B replied Mar 26, 2008I agree friend — Bears still got it I think as well.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Scotty B replied Mar 25, 2008You're a real thinker, I like it when someone can connect the dots! — Yes and I was not sure whether or not I should share such a discovery explicitly..I always give my targets and even put lines on the chart for people to figure out if they ...
GBPJPY scalpers
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Scotty B replied Mar 25, 2008Yes you're right but it is crucial how the candle in question closes to know if a cycle has indeed been started.
GBPJPY scalpers
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Scotty B replied Mar 25, 2008An example trade — Here you go friend...These are easy and almost primitive scalps.
GBPJPY scalpers
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Scotty B replied Mar 25, 2008Hey there — Yeah...Go back a couple pages I have lines on a chart with all the uncompleted cycles. The key to trade this is the reversals. When the candles open a cycle by ending with 'the trend,' and then the next candle reverses, trade ...
GBPJPY scalpers
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Scotty B replied Mar 25, 2008That low point is in agreement with one of my cycles to the south. I don't feel like teaching or preaching, but whenever at a swing high/low, if the candle that makes the swing closes in the direction of the swing, the price will always make it a ...
GBPJPY scalpers
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Scotty B replied Mar 25, 2008Hey guys — I'm still sitting back watching the charts. On my chart the green lines are all boundaries the market wants to cross to complete candle cycles. The market has focused on completing long cycles all day and has disregarded those ...
GBPJPY scalpers
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Scotty B replied Mar 25, 2008Malco — No worries mate. I'm holding my shorts..I've been warning of a fall for a few days now. 201.17 is the highest hourly target she can break before any more long cycles can be hit. Unless she makes some more. We'll see!
GBPJPY scalpers
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Scotty B replied Mar 25, 2008Not making fun of you personally. Just a favorite quote from a favorite movie. url
GBPJPY scalpers