"Millionaires don't use astrology, billionaires do"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #60,121
- Jan 25, 2008 5:49am Jan 25, 2008 5:49am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
- #60,122
- Jan 25, 2008 6:01am Jan 25, 2008 6:01am
There was a report today that there are multiple funds who are buying USD/JPY (when it was at 107.00) today and over the weekend.. looks like that report was true.. this thing is up strong. Unless some crazy news comes out .. the DOW should rally today.
There were a lot of factors that propelled global markets yesterday - the economic stimulus proposed by the Congress, bond insurers getting capital, good MSFT results.. in short, everything was rosy.
Looks like funds want to get back into carry trades.. this will be short lived though. Would be fun to watch GJ go back to 250.. and then duplicate its drop like previous times.
When everything looks rosy to everyone the market has a cinical way
of just doing the opposite. Especially when it comes to sterling.
The more I wait the more I make
- #60,125
- Jan 25, 2008 6:41am Jan 25, 2008 6:41am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
A 1hr open bar below 1hr gann hi/lo will be my confirmation for the targets in my chart. . .
i was looking at same q...but we are back above the hi lo i think...lets see when the hour closes.... i have 210.56 as fib target if it closes lower than gann hi lo if not.... i will post my upper targets and hope u do the same
PS arent we well above gann hilo on daily now q? i would think that puts us in long thinking mode for the time being no?
- #60,126
- Jan 25, 2008 6:51am Jan 25, 2008 6:51am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
i was looking at same q...but we are back above the hi lo i think...lets see when the hour closes.... i have 210.56 as fib target if it closes lower than gann hi lo if not.... i will post my upper targets and hope u do the same
PS arent we well above gann hilo on daily now q? i would think that puts us in long thinking mode for the time being no?
Trade what you see, not what you think.
- #60,127
- Jan 25, 2008 6:52am Jan 25, 2008 6:52am
Guys becareful with the shorts as the dow future is positive and it seems like it is going to rally up this beast again today. thanks
i was looking at same q...but we are back above the hi lo i think...lets see when the hour closes.... i have 210.56 as fib target if it closes lower than gann hi lo if not.... i will post my upper targets and hope u do the same
PS arent we well above gann hilo on daily now q? i would think that puts us in long thinking mode for the time being no?
- #60,129
- Jan 25, 2008 7:13am Jan 25, 2008 7:13am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #60,130
- Jan 25, 2008 7:28am Jan 25, 2008 7:28am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
always wait for the candle to close
OK ty karm! ps... could see 215.2 or so soon based on my fibs....(but i am only learning them)
gl e1
- #60,131
- Jan 25, 2008 7:28am Jan 25, 2008 7:28am
No doubt about it my initial target lies @ 213.70 (38.2% retracement of low of 2000 & hi of 2007) from there I will close all my long positions and re position as what the market tells me.
sell stop @ 211.80; target 50 pips (211.30) sl: 212.25
This is what the market tells me let us see how it goes....
- #60,132
- Jan 25, 2008 7:35am Jan 25, 2008 7:35am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
i was looking at same q...but we are back above the hi lo i think...lets see when the hour closes.... i have 210.56 as fib target if it closes lower than gann hi lo if not.... i will post my upper targets and hope u do the same
PS arent we well above gann hilo on daily now q? i would think that puts us in long thinking mode for the time being no?
But as u stated a close above would negate those target for now. . . I see 217.50's possibly as a long target and possibly higher, then back down to a lower low. . . We are in wave 4 untl it completes long may be the way. I elect to sit on the side line for any long until this wave completes then get back in on the main trend which is down. . .
- #60,134
- Jan 25, 2008 9:05am Jan 25, 2008 9:05am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #60,135
- Jan 25, 2008 9:46am Jan 25, 2008 9:46am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #60,138
- Jan 25, 2008 10:07am Jan 25, 2008 10:07am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
Imanuel Parsifal
- #60,140
- Jan 25, 2008 10:24am Jan 25, 2008 10:24am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
It seems that GJ is gathering strength and acceleration to rise up north. If it breaks 214 next week (and I presume it will) we will definitely see 217.50 area and then 219.30. Then I will think about a reversal down to 208. But if 212.14 (current support) is breached, according to moutek system, 211 will play as the first target down then ... oh that is too much ... let's just see how it moves ...
cheers.
... let's just see how it moves ...cheers.
Discipline + Patience - Fear - Greed = Success