Dislikedoh u mean u gonna go long ? hummm
personally i dont like to open any trade against the trend cause for me GJ in down trend. so i only go short looolIgnored
that wud be nice if it reach my expectation levels..
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Dislikedoh u mean u gonna go long ? hummm
personally i dont like to open any trade against the trend cause for me GJ in down trend. so i only go short looolIgnored
Disliked225.90 is still possible though the resistance @226.55 seems not breakable..Ignored
Dislikedhey guyz, any1 sees any signs for long today 4 gj if it bounces up from 226.55 or even 225.70 resistance?Ignored
Dislikedthis what i c:
daily: looks like a break and close above 229 will target 231.30 area(50ema/50%fibo) 225.65-226 should serve as support. the ride to 231.30 area may get bumpy because my 4hr has the 200ema sitting at 229.80 area along w/a tl so we may see a bounce then upward continuation. remember there could be spikes then closes underneath tl's, ma's, fibs, etc. hopefully we will get good confirmations using aus' 15min/1hr /4hr system. IMOIgnored
DislikedGJ follows GU and UJ very precisely. It os infact GU x UJ.
Try multiplying the price of UJ and GJ at any point and it will exactlly equal the price of GJ even to 7 decimals.
Looking at the charts of UJ and GU,
UJ is retracing the recent bear run from 117.94 to 107.15 and it found resistence at 111.18 which is the 38.6 fib retrace.Bouncing off that resistence it is now slowly but surely inching back from that resistence.( Confluence of 23.6 fibs from bear run of 124-107 and 38.6 fib of the bear run from 117-107). I can only see a minor spikes in UJ due to favorable interest cut to half a percent next tuesday though quater percent is more on the cards.crazy action on DOW may also cauise temporary soikes on UJ butu from the charts it looks it is heading down back to recent lows.
Looking at GU:
GU has retraced to 23.6 fib of its bear run from all time high of 2.11 to 2.03.
it found the resiustence at 2.083 even thouhg 23.6 fib from my charts is 2.085. With a interest rate cut fromi BOE looking strong this month or next month, i can only see pound depreciating. also pound didnt show an upside bounce 3-4 days back after Ben's speech when he made it virtually clear of a rate cut next tuesday. IMO this also supprots that pound is looking to depreciate.
Looking at both UJ and GU , both are likely to fall in the short to medium term which i think will cause the GJ to come down with it.Though io do intraday trade too,but thats my take in the medium term.
Will appreciate some input on these views.
Charts to follow:
http://img101.imageshack.us/img101/6...retraceef5.jpg
http://img101.imageshack.us/img101/6...retarcekl7.jpgIgnored
Dislikedi have drawn trend lines on weekly g/j chart..
what i'm thinking is g/j won't touch 233's in this month and we are in a small uptrend till 234.90 ( may touch in jan 3rd week ) and then it's all the way to 219 in feb.. may be 210
this month could be very good for scalpingIgnored
Dislikedthe next one hour will be crucial to decide how price will be effected when newyork opensIgnored