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- ernesto replied May 9, 2008
BTW... when taking a look at DJ in addition the mentioned support line is also the neckline of an inverse H&S. If it breaks this line, then we really go down... right now I am more long biased as we also don't have taken out the 50% fib level of the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied May 9, 2008
I consider that we will go up now... we have to close the GAPS of the share market indices... Further I you take a look at the DJI the retracement might be done as it currently reached the mid-term-support-line @ 12.767 (very important level since ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied May 9, 2008
Gap - DJ — Does anybody agree that we might go up a little bit in order to close the gaps for share market indices ? Any thoughts ?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied May 8, 2008
Glad to hear... otherwise I would have had to think about my position again....

Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied May 8, 2008
Hi, do you mean "buy" or "bye" ? Big difference - and... I wouldn't buy GJ if it does not take out 203.5 ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied May 5, 2008
If you identify such a "perfect" setup (unfortunately we never know 100%)... do you increase the risk for the specific trade or do you trade exactly with the same risk as with every other trade? Reason for my question: it is very difficult to have ...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied May 2, 2008
Igrok - I am currently trying to adapt some of your trading styles myself to trade on long-term basis. I am slowly figuring out that trading on lower level time frames is possible for a very very short term but very inconsistent and mainly goes ...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied Apr 30, 2008
Igrok - just curious whether you traded the GU breakout today? Personally went short @ breakout and set my stop to break even afterwards - unfortunately had no time to watch... In this case according to your strategy you would have taken the long ...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied Apr 29, 2008
Already thought about this one and posting it as well - but... considered it as no diamond because the break of the left upper boarder... do you consider this break not relevant?
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied Apr 29, 2008
Thanks - regarding "it has not been completely formed yet" - do you mean we need a retest of 0.9950 area to make the diamond symmetrical? Having this retest the north-south-diagonal would be crossed by the east-west diagonal exactly in the middle...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied Apr 28, 2008
USDCAD — Taking a look at USDCAD we are still having the diamond - at least I would suggest it is one... Current monthly range is 336 pips - avg 100 months is 448. Previous month was even 564 pips. Current yearly range is 668 pips - avg 10 ...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied Apr 15, 2008
Hi Igrok, regarding the USD/CAD Daily diamond I would make the following personal analysis: a) break should be to the upside (because of diagonal) b) to be symmetrical with the lower left diamond-line "break-in" it should occur directly (now) in the ...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied Mar 14, 2008
Igrok, currently reading through your book... maybe you can help me with the following questions: * Which time frames do you use? Monthly, Weekly, Daily for Long term trends and H4/H1 for daytrading? Or even smaller ones? * On which time frames do ...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- ernesto replied Mar 14, 2008
If it really goes up (I hope so) then I have the following targets: 1) 205.4 (Pivot from last major down move) 2) 206.2 (Weekly Pivot + Daily R1) + Fibo Target of last small down move 3) 206.8 (Fibo Target 2) Let's see... at the moment it's no easy ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 14, 2008
Yep... but doesn't that mean that we will see further rate cuts and that should be bad for the USD ? But... maybe rate cuts down to 0% are priced in already anyway...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 14, 2008
USDJPY currently fighting with Gann HiLo H4. Normally in my opinion we should move down again... but... who knows. Anybody knows why the data was bullish for UJ? Anyway... for future announcements I will simply go long UJ before. Win - Chance seems ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Thanks !!!! Went long and recovered nearly my whole loss... great... Any thoughts how far it might go? At the moment it seems not stopable at all... Maybe 208.2... or even Pivot @ 209.36 ?!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
US going into recession... me into depression.... Have a nice weekend.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
PLEASE DON'T FOLLOW THAT !!! IT'S JUST THAT I WANT TO BE RIGHT ALWAYS! My argumentation Stocks: they are closing the opening gap... and than we go down again... MM: I had a very very profitable week (1000% profit) - I say to myself that I can afford ...
Auslanco - GBP/JPY and GBP/USD (newstrade)