DislikedThanx to Jahswitness, found this in the past few pages. Not very clear but a possible scenario am looking at if the bottom at 226.64 holds.Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #56,342
- Dec 27, 2007 11:55am Dec 27, 2007 11:55am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
No, no, no. . .
You are to stick to the rules it keeps me in check bro!-
Remember, I've been shorting since 114.50/65 as my reasoning was posted a couple of weeks ago. . . I posted a chart with UJ channel and trendline resistance which I thought was critical for more upside or reversal. . .
Couple knocks on the door up there but no one answered then another knock, an open then a slam in the face was confirmation enough for me. . .
i took profits already sorry dude lol
- #56,343
- Dec 27, 2007 11:57am Dec 27, 2007 11:57am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
Not sure it will hold if we get a close below 113.70/75 on UJ. . .
- #56,345
- Dec 27, 2007 11:59am Dec 27, 2007 11:59am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
i took profits already sorry dude lol
- #56,346
- Dec 27, 2007 12:02pm Dec 27, 2007 12:02pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
No, no, no. . .
You are to stick to the rules it keeps me in check bro!-
Remember, I've been shorting since 114.50/65 as my reasoning was posted a couple of weeks ago. . . I posted a chart with UJ channel and trendline resistance which I thought was critical for more upside or reversal. . .
Couple knocks on the door up there but no one answered then another knock, an open then a slam in the face was confirmation enough for me. . .
1 hour close below tl ..so taking only small pstion short uj targeting 113.25
then maybe add more if we break down
- #56,347
- Dec 27, 2007 12:03pm Dec 27, 2007 12:03pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
What are your thoughts on GU? Just qurious
- #56,348
- Dec 27, 2007 12:07pm Dec 27, 2007 12:07pm
[quote=FX-Petra;1774532]Since I believe we will see the 230's----with 233's as the tippy top, I am being a lttle more conservative. I don't like to start a positon until I get within 500 pips of total risk. I guess I need to grow my account until I have the equity available to not even blink at 1000 pips---you are the man!!!
On a more serious note, I just finished about 2 hrs of serious evaluation of the daily charts. My summary is:
UJ---scary chart if you want GJ to see the 230's. Will it break the daily downtrend line? Looks doubtful right now.
GU---scary also. Retrace could see 2.000 or 2.0100, but retrace could be over in the high 1.99's.
GJ---still looks like it should make the 230-232 area--from a channel and fib perspective.
Any one knows the reason why GJ restraced approx 150 PIPS in the last 8 hrs?
My projections are still in the 230s.
On a more serious note, I just finished about 2 hrs of serious evaluation of the daily charts. My summary is:
UJ---scary chart if you want GJ to see the 230's. Will it break the daily downtrend line? Looks doubtful right now.
GU---scary also. Retrace could see 2.000 or 2.0100, but retrace could be over in the high 1.99's.
GJ---still looks like it should make the 230-232 area--from a channel and fib perspective.
Any one knows the reason why GJ restraced approx 150 PIPS in the last 8 hrs?
My projections are still in the 230s.
- #56,349
- Dec 27, 2007 12:09pm Dec 27, 2007 12:09pm
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
- #56,350
- Dec 27, 2007 12:13pm Dec 27, 2007 12:13pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
[quote=fish2007;1774583]
IMHO UJ is headed toward 112.70's support in the next few sessions, unless GU makes a significant move higher I can't see GJ reaching 230's/233 before seeing 225's and possibly lower. . . GU will face resistance @ 2.0000 so how do you all see 232's if you don't mind me asking? I can possibly see 229's (lows) with a GU push up but nothing higher at the moment. . .How do we get there?
Since I believe we will see the 230's----with 233's as the tippy top, I am being a lttle more conservative. I don't like to start a positon until I get within 500 pips of total risk. I guess I need to grow my account until I have the equity available to not even blink at 1000 pips---you are the man!!!
On a more serious note, I just finished about 2 hrs of serious evaluation of the daily charts. My summary is:
UJ---scary chart if you want GJ to see the 230's. Will it break the daily downtrend line? Looks doubtful right now.
GU---scary also. Retrace could see 2.000 or 2.0100, but retrace could be over in the high 1.99's.
GJ---still looks like it should make the 230-232 area--from a channel and fib perspective.
Any one knows the reason why GJ restraced approx 150 PIPS in the last 8 hrs?
- #56,351
- Dec 27, 2007 12:14pm Dec 27, 2007 12:14pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
ok if u say so...
- #56,352
- Dec 27, 2007 12:24pm Dec 27, 2007 12:24pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
LOL!
anyone know how much time left until another 4 hour close? anyone have a countdown indicator for mt4???? looking for 4 hour close below TL and i'm with quecee for his uj low targets... gu still looks bullish to me ... so gj i as usual an enigma.... lol i'm trading uj for safety and staying away from the beast....
- #56,354
- Dec 27, 2007 12:29pm Dec 27, 2007 12:29pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Anyone shorting EJ?
yep a td seq 13 already happened a while back indicating a reversal from long to short.... but as usual need confirmation...if this 4 hour ends in a nice pinbar...then pa confirms...but to make exta sure i will also watch the most recent lower tl....waiting on 4 hour close or significant pa then it looks like an awesome opportunity to me.///// stay tuned....
- #56,355
- Dec 27, 2007 12:29pm Dec 27, 2007 12:29pm
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #56,356
- Dec 27, 2007 12:35pm Dec 27, 2007 12:35pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
yep a td seq 13 already happened a while back indicating a reversal from long to short.... but as usual need confirmation...if this 4 hour ends in a nice pinbar...then pa confirms...but to make exta sure i will also watch the most recent lower tl....waiting on 4 hour close or significant pa then it looks like an awesome opportunity to me.///// stay tuned....
Lower recent trendline looks like 165.85/90's. . . I expect to see 166.00 shortly then we'll see how it behaves (LOL!) once it gets there. I think UJ will pull it below in the next couple of sessions. . . Stocks are down, not good for UJ which usually leads the charge for further down move in other carry's. . .
Btw, UJ will probably head toward 112.70/80's shortly (next few sessions) a break below that then we are in full reversal mode back to test the lows @ 108/107. . .
- #56,357
- Dec 27, 2007 12:38pm Dec 27, 2007 12:38pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
last 4 hr close was at 1pm est. next one at 5pm est
gracias
- #56,358
- Dec 27, 2007 12:40pm Dec 27, 2007 12:40pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
anyone know how much time left until another 4 hour close? anyone have a countdown indicator for mt4???? looking for 4 hour close below TL and i'm with quecee for his uj low targets... gu still looks bullish to me ... so gj i as usual an enigma.... lol i'm trading uj for safety and staying away from the beast....
. . .
