Auslanco - GBP/JPY and GBP/USD (newstrade)
i was thinking uj could drag her down as well..... uj not looking very supported either..... this could be a fun day! or if not it could be another ranging scalper day ..... either way.... forex novice.... sorry bud but i respectfully disagree with you (at least for now) as i think long has not yet presented itself and short may have started to show her head again IMO === be careful those countertrend plays can hurt!
Here is another chart posted by Carrera in Cable Update thread showing a harmonic pattern in play on GU 4hr. Beautifully illustrated....even someone with no knowledge of Harmonics will grasp it easily. http://www.forexfactory.com/showpost...ostcount=48031 to me gu looks temporarily supported uj is in freefall until further notice..... if g/u cant push up through its resisatnce gj will drop like a hammer .... lets hope so! trade according to you own plan and what you see..... i get the feeling though that ranges are beginning to form.....
Well right now GU is tanking and UJ is advancing - Go figure, good for my GU short =
Just closed out another one. . .
The fed just announced that its increasing the sie of TAF auctions from 20 bil to 30 bil next time, thats why we got the UJ spike, not that thats going to help, the marke must takes its natural course lumps and all. . .
was wondering when the fed was going to get in there!
Thanx Dagoods. Contrarian point of views on my analysis are always welcome
Thanx Dagoods. Contrarian point of views on my analysis are always welcome
am useing vt i have import the qqe alert to the trade builder the qqe is on my chart as well as the level stop reverse system/but the qqe show upwith out the 50 red line /when i try to attach or add it to the attach it show the attach list then i push add /or high lite the qqe then click on properties go change valve to 5 then click on horizline put 50/the problem is that my qqe alert is not show up in the attach list its like i am adding just the regular qqe/like if the qqe alert is add to the chart it should say qqe alert /i have the stop reverse on the chart /could some one please help
FN,
Here is what I see at the moment using basic pivot points, GU is below 1hr, 4hr and daily pivot and looks to be headed toward 1.9681 which is next support. An hourlie close below these pivot would more than likely confirm that target. A close above would negate what I've said here. . .
Looking at a 1hr chart GU failed to make a close above 5 sma and has a bearish candle at the moment. 1hr mom's are pointing south. . . However, stoch, macd looks OS. I'll wait for the next 1hr candle which should confirm where it is headed. . .
. I have already considered the pivots on the smaller as well as the larger TFs. My position on both longs is small..more like low risk high reward imo even though its countertrend trading. I will be holding till next week's close unless my SL gets hit first
Thanx Q
Hi Lilmoney. Check out post #323 on this thread:
http://www.forexfactory.com/showthre...=45076&page=22
Got'cha!
I know you know what you are doing and have considered all risk, that's why I put you "AMONGST" the top traders on this thread. Btw, you have to teach me your fib method soon, like to incorporate that in my strategy somehow.
Best of luck bro!
. Just Kidding.Dow is at 12860 (down 200pts today). There is support at 12800, so I doubt it will break today. However, it is Freaky Friday with thin markets, so anything is possible. If 12800 breaks, get ready for the show. There is minor support at 12000, but nothing significant until the 10,00-11,000 range. If Dow breaks 12800, I will be shorting GJ at market.
