Crude price seems to be falling pretty strong - that also acts as being Yen supportive.
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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #57,582
- Jan 7, 2008 10:29am Jan 7, 2008 10:29am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Probably because he has bad breath
Here's my two cents, I think we will go down to test the 213.60 area again. and be forming a descending triangle. Which is a bearish pattern, or to form a falling wedge, that is a bullish pattern. One to keep an eye on. (Yellow lines)
Should be strong support down there since it bounced off last weeks lows @ 213.49. Might be a good buying opportunity off a bounce. . .
- #57,583
- Jan 7, 2008 10:29am Jan 7, 2008 10:29am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
Probably because he has bad breath
Here's my two cents, I think we will go down to test the 213.60 area again. and be forming a descending triangle. Which is a bearish pattern, or to form a falling wedge, that is a bullish pattern. One to keep an eye on. (Yellow lines)
- #57,584
- Jan 7, 2008 10:43am Jan 7, 2008 10:43am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
Bush to speak at 2Pm about economy expect DOW to take beating. It always tanks when he speaks
- #57,585
- Jan 7, 2008 10:44am Jan 7, 2008 10:44am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
Should be strong support down there since it bounced off last weeks lows @ 213.49. Might be a good buying opportunity off a bounce. . .
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #57,586
- Jan 7, 2008 10:56am Jan 7, 2008 10:56am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Probably because he has bad breath
Here's my two cents, I think we will go down to test the 213.60 area again. and be forming a descending triangle. Which is a bearish pattern, or to form a falling wedge, that is a bullish pattern. One to keep an eye on. (Yellow lines)
- #57,588
- Jan 7, 2008 10:59am Jan 7, 2008 10:59am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
No closed those longs early a.m., I'm short from 216.10, closed some out on the run down to 214.20, looking to close more on a run down to just above last weeks low. Might look for a buying opportunity there if it bounces. . .
- #57,589
- Jan 7, 2008 11:39am Jan 7, 2008 11:39am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
- #57,591
- Jan 7, 2008 11:42am Jan 7, 2008 11:42am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
hi guys... here is my 1 hour for all that care
looks like another opportunity will be coming soon
- #57,593
- Jan 7, 2008 11:45am Jan 7, 2008 11:45am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
4 hour also shows a nice narrowing triangle and thinning channel= patiently waiting for price to decide with omentum
ps bullish bias with wary outlook and prepared to trade either way
- #57,594
- Jan 7, 2008 11:47am Jan 7, 2008 11:47am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Looks like GU took all the beating this time
woke up this morning to nice surprise...
but took a look now and just closed my short - #57,595
- Jan 7, 2008 11:51am Jan 7, 2008 11:51am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
fell asleep last night after placeing sell stop and buy stop.....
woke up this morning to nice surprise...
I did well scalping GU long. Last one messed up thanks to Bush for -15pips. Bought again @ 1.9680 - #57,596
- Jan 7, 2008 12:01pm Jan 7, 2008 12:01pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
- #57,597
- Jan 7, 2008 12:03pm Jan 7, 2008 12:03pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
Almost any way I look at it, we're still in a bearish trend. No major retrace last night. Price couldn't close above the 4H Gann HiLo. Most QQE's have turned bearish. No big Dow rally. But on the other hand, the 4H QQE is still bullish from last night, the Dow is doing OK, and price seems to be moving freely through the pivot area. I don't see any new lows happening today.
If we fib things out with last week's high / low on the 4H chart, last night got a virtual touch of the 23.6 fib, but couldn't penetrate it (chart #1).
If we look at the current trends on the 1H chart, it looks like scalping might rule for the next few hours (chart #2). But that bottom trend line only has 2 contact points, and I prefer to see 3. So I consider it a work in process, and it might need adjusting later.
Have a great day everybody!
If we fib things out with last week's high / low on the 4H chart, last night got a virtual touch of the 23.6 fib, but couldn't penetrate it (chart #1).
If we look at the current trends on the 1H chart, it looks like scalping might rule for the next few hours (chart #2). But that bottom trend line only has 2 contact points, and I prefer to see 3. So I consider it a work in process, and it might need adjusting later.
Have a great day everybody!
- #57,598
- Jan 7, 2008 12:06pm Jan 7, 2008 12:06pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
uj seems to have set up camp..... lol maybe its her new base of operations?
well see
well see
- #57,599
- Jan 7, 2008 12:10pm Jan 7, 2008 12:10pm
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
- #57,600
- Jan 7, 2008 12:13pm Jan 7, 2008 12:13pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Almost any way I look at it, we're still in a bearish trend. No major retrace last night. Price couldn't close above the 4H Gann HiLo. Most QQE's have turned bearish. No big Dow rally. But on the other hand, the 4H QQE is still bullish from last night, the Dow is doing OK, and price seems to be moving freely through the pivot area. I don't see any new lows happening today.
If we fib things out with last week's high / low on the 4H chart, last night got a virtual touch of the 23.6 fib, but couldn't penetrate it (chart #1).
If we look at the current trends on the 1H chart, it looks like scalping might rule for the next few hours (chart #2). But that bottom trend line only has 2 contact points, and I prefer to see 3. So I consider it a work in process, and it might need adjusting later.
Have a great day everybody!
good take ! seems like a low ranging confused monday to me.... could be boring...going to go run some errands see ya'll later good luck!