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Brave Heart of GBP/JPY

  • #261
  • Aug 30, 2007 6:10am Aug 30, 2007 6:10am
I think it may head up if support holds. carry traders getting back in
  • #262
  • Aug 30, 2007 6:30am Aug 30, 2007 6:30am
the candle before the present closed above the support level ...
but the price returned to test it....
we will wait this candle to close
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  • #263
  • Aug 30, 2007 7:17am Aug 30, 2007 7:17am
It close higher so what now,.......
  • #264
  • Aug 30, 2007 7:22am Aug 30, 2007 7:22am
be careful - important news in 8 min.
  • #265
  • Aug 30, 2007 8:06am Aug 30, 2007 8:06am
Its only a revision, not that much important........
  • #266
  • Aug 30, 2007 8:22am Aug 30, 2007 8:22am

CLOSING @ 38.2% & RETREATING TO 50% ON 4H FRAMETIME .... IT PENERATED THE RESISTANCE LEVEL WHICH TURNED TO SUPPORT AND STILL UP ON DAILY FRAMETIME... CLOSING UP THE RESISTANCE LEVEL OF THE PRESENT CANDLE WILL INSURE THE RISING...BUT THE PAST RESISTANCE LEVEL IS STILL STRONG.. WE NEED TO WAIT

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  • #267
  • Aug 30, 2007 8:27am Aug 30, 2007 8:27am
But On 1h Frametime We Have Fallen Trend..... The Last Candle Penetrated This Trend And Coming Back To Testing ...
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  • #268
  • Aug 30, 2007 10:08am Aug 30, 2007 10:08am
Go Long my friend ... until 235 is reached
  • #269
  • Aug 30, 2007 10:14am Aug 30, 2007 10:14am
Quoting pipskidnapper
But On 1h Frametime We Have Fallen Trend..... The Last Candle Penetrated This Trend And Coming Back To Testing ...
exactly touched the trend & retreated up ...
it seems that the price is going to 61.8% as a first resistance..
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  • #270
  • Aug 30, 2007 10:15am Aug 30, 2007 10:15am
Quoting venci
Go Long my friend ... until 235 is reached
  • #271
  • Aug 30, 2007 10:19am Aug 30, 2007 10:19am
before 235.00 we have astrong level on 4h frametime... if the price overcome this leve nothing could stop it until 240.00
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  • #272
  • Aug 30, 2007 10:22am Aug 30, 2007 10:22am
Quoting pipskidnapper
before 235.00 we have astrong level on 4h frametime... if the price overcome this leve nothing could stop it until 240.00
yeah, I agree... 235.50 needs to be broken.. then it may pave the way for 240, unless there is more upevil in the stock markets of course which I would not like to rule out at this time with subprime issues praying on the mind of speculators.
  • #273
  • Aug 30, 2007 10:26am Aug 30, 2007 10:26am
Quoting pipskidnapper
before 235.00 we have astrong level on 4h frametime... if the price overcome this leve nothing could stop it until 240.00
I hope Dow will help us ... ... unless ... everything is possible in forex
  • #274
  • Aug 30, 2007 10:28am Aug 30, 2007 10:28am
Quoting peterM
yeah, I agree... 235.50 needs to be broken.. then it may pave the way for 240, unless there is more upevil in the stock markets of course which I would not like to rule out at this time.
yes 235.00 is powerful but the price could reach it
  • #275
  • Aug 30, 2007 10:30am Aug 30, 2007 10:30am
Quoting venci
I hope Dow will help us ... ... unless ... everything is possible in forex
nothing is guaranteed..
  • #276
  • Aug 30, 2007 10:32am Aug 30, 2007 10:32am
don't close anything .. we WILL continue UP ..
  • #277
  • Aug 30, 2007 10:38am Aug 30, 2007 10:38am
Quoting venci
don't close anything .. we WILL continue UP ..
sure
  • #278
  • Aug 30, 2007 3:37pm Aug 30, 2007 3:37pm
on daily frametime we have the following objects:-
1- fallen trend
2- 61.8% fibo which the price couldn't break it since 11 days
3- resistance level 1 on @ 234.50 price.

so if the price closed above this level ... the fallen trend will be broken and we will see a highest level until resistance level 2 @ 239.00 price
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  • #279
  • Aug 30, 2007 5:13pm Aug 30, 2007 5:13pm
Quoting pipskidnapper
on daily frametime we have the following objects:-
1- fallen trend
2- 61.8% fibo which the price couldn't break it since 11 days
3- resistance level 1 on @ 234.50 price.

so if the price closed above this level ... the fallen trend will be broken and we will see a highest level until resistance level 2 @ 239.00 price
Hi I have drawn my top trend line from first high to next high. The price has just broken out on the new daily candle. What do you think?
  • #280
  • Aug 30, 2007 11:45pm Aug 30, 2007 11:45pm
Quoting rumbey
Hi I have drawn my top trend line from first high to next high. The price has just broken out on the new daily candle. What do you think?
hi rumbey...
i am sorry for being late...
am now in my job and have not my meta trader....
need somebody to give me chart
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