Wehave been capped off by the 4H gann, and so far going through the 1H 5ema low. So a good chance we may be headed for at least 214.10 What do you think dagoods?
Attached Image(s) (click to enlarge)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #58,203
- Jan 9, 2008 8:57pm Jan 9, 2008 8:57pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Wehave been capped off by the 4H gann, and so far going through the 1H 5ema low. So a good chance we may be headed for at least 214.10 What do you think dagoods?
looking at your chart i might be biased long in near term though are we not sitting on support on that ema? is that not apinbar forming when we examine PA? but I use differetn charts than u only YOU can trade YOUR plan
- #58,205
- Jan 9, 2008 9:01pm Jan 9, 2008 9:01pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
price is sitting on daily 5 sma
ah yes so i see that is what it is...is this not usually an indication of long UNLESS it breaks through taht and holds to the down side?
maybe someone else knows better??/
to me it is still waiting game
- #58,207
- Jan 9, 2008 9:04pm Jan 9, 2008 9:04pm
Im not sure what has people thinking this thing will go up. What we had was a retrace to the 61.8 fib. Also yesterday's move up was a retrace to the 61.8 fib, and then price rocketed down. Also the overall trend is DOWN. Therefore the bias should be short. If i knew how to upload a chart, i would show you guys my analysis with a picture. Anyway, as a added bonus, the daily momemtum is also down. We are completing is what i like to call my own 1-2-3 wave pattern. With that said, most likely we are headed to test yesterday's lows.
- #58,209
- Jan 9, 2008 9:08pm Jan 9, 2008 9:08pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #58,212
- Jan 9, 2008 9:22pm Jan 9, 2008 9:22pm
it broke the 50% fib from that upmove. It just bounced a bit off the 61% fib of that same move. 214.20 is the daily 5 sma low. Today is not a normal day, so I am clueless. When it bounced off the 50 fib and rejected at the 38 fib, i sold it at 214.93. target is 5 sma low. I still have a micro long with a stop below the 5 sma low. Daily mom 10, 14, and 5 are still trending upward slightly, although below 100.
daily 5sma low seems like a reasonable 1st target
- #58,214
- Jan 9, 2008 9:25pm Jan 9, 2008 9:25pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
trending upwards...only momentum that is trending upwards is the 14, and it is barely doing that. The one and ten are trending downwards below 100.
trade YOUR plan when others disagree we all learn
- #58,216
- Jan 9, 2008 9:32pm Jan 9, 2008 9:32pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #58,218
- Jan 9, 2008 9:36pm Jan 9, 2008 9:36pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
ok all here is what i think.... we all made some dough scalping and I know I gave some back trying to get fancy.... but now its time to be patient IMO
here is the daily gj chart.... there is a beautiful set up coming when she finally breaks out.... rate decision may do the trick just my humble opinion but to each his/her own...... I am going back to basics and taking a boatload of Karmo patience pills!
here is the daily gj chart.... there is a beautiful set up coming when she finally breaks out.... rate decision may do the trick just my humble opinion but to each his/her own...... I am going back to basics and taking a boatload of Karmo patience pills!
Aud/Usd
Here is Short-Term wave-count ( 10 min bars )
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Only a Probability !................ Not cast in Stone
Marketwavez,
just wanted to let u know that we mainly follow GJ, GU, UJ, EJ in this thread
I think I understand ..............
You are saying mainly chart the
Yen Pairs and Gbp Pairs , right ?
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- #58,220
- Jan 9, 2008 9:41pm Jan 9, 2008 9:41pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
this is one reason some might be a bit bullish the uj has uptrend on 4 hour so for me its mixed signals i like it when its easy!
