4H QQE is close to overbought area
1H QQE has also touched the overbought area
everything pointing to a good 200-300 retracement before resuming uptrend
Good luck everyone
Indicators show the past. Price Action "Indicates" the future.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #61,701
- Feb 14, 2008 4:02am Feb 14, 2008 4:02am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
- #61,702
- Feb 14, 2008 4:04am Feb 14, 2008 4:04am
4H QQE is close to overbought area
1H QQE has also touched the overbought area
everything pointing to a good 200-300 retracement before resuming uptrend
Good luck everyone
200-3000 retracement!....i sure hope so, that would make my day
- #61,703
- Feb 14, 2008 4:06am Feb 14, 2008 4:06am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Price kissed that 213.60 and ran away to momma. Doesn't mean she won't be back.
I've got enough patience to wait and collect a couple of hundred pips
Trade what you see, not what you think.
- #61,705
- Feb 14, 2008 4:09am Feb 14, 2008 4:09am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
where is forexnovice and queecee? help!!! lol
thats it.... i hate these areas where it gets tough..... i am taking what i got and going to bed.... good luck to e1
doughboi u pretty good there kid.... u never post charts though ...would love to see a chart from u ...and see what u r looking at when u make your calls.....
this is an analysis thread u know... u can do it... its ez...just do a save as and then attach it with the manage button below...easy as pie buddy....
thats it.... i hate these areas where it gets tough..... i am taking what i got and going to bed.... good luck to e1
doughboi u pretty good there kid.... u never post charts though ...would love to see a chart from u ...and see what u r looking at when u make your calls.....
this is an analysis thread u know... u can do it... its ez...just do a save as and then attach it with the manage button below...easy as pie buddy....
- #61,706
- Feb 14, 2008 4:13am Feb 14, 2008 4:13am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
sure, that's no problem at all
I've got enough patience to wait and collect a couple of hundred pips
Indicators show the past. Price Action "Indicates" the future.
- #61,707
- Feb 14, 2008 4:17am Feb 14, 2008 4:17am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
where is forexnovice and queecee? help!!! lol
thats it.... i hate these areas where it gets tough..... i am taking what i got and going to bed.... good luck to e1
doughboi u pretty good there kid.... u never post charts though ...would love to see a chart from u ...and see what u r looking at when u make your calls.....
this is an analysis thread u know... u can do it... its ez...just do a save as and then attach it with the manage button below...easy as pie buddy....
). Will post charts in a while.
- #61,708
- Feb 14, 2008 4:21am Feb 14, 2008 4:21am
where is forexnovice and queecee? help!!! lol
thats it.... i hate these areas where it gets tough..... i am taking what i got and going to bed.... good luck to e1
doughboi u pretty good there kid.... u never post charts though ...would love to see a chart from u ...and see what u r looking at when u make your calls.....
this is an analysis thread u know... u can do it... its ez...just do a save as and then attach it with the manage button below...easy as pie buddy....
- #61,709
- Feb 14, 2008 4:23am Feb 14, 2008 4:23am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #61,710
- Edited 5:07am Feb 14, 2008 4:51am | Edited 5:07am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
i see the 200 ema and the monthly pivot resistance guys thanks for pointing those out.... i am with jaroo though...staying long until PA says otherwide at least until 214 prior high should get tested at this point and it lines up with one of my skunny fib targets as well... then we will see... but will monitor closely
good analysis all! thanks
Price has a 4hr close outside the channel it was stuck in over two weeks. Price looks OB right now so a retest of the channel resistance now support should be tested.
I look for price to pull back to at least 212.50, maybe back down to 210.40 area (doubtful but possible) then continue upward to 214 1st target, 217.50 next target. . .
I'll look to buy on that dip since my buy targets didn't get hit last night.
- #61,713
- Feb 14, 2008 5:14am Feb 14, 2008 5:14am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
y 212.5 though???
y not a full retrace down IF it retraces to bottom of channel ?????
and y not just straight up through resitance....
still trying to learn from u guys
thanks in advance
ps here is my semi-naked 1 hour chart
I'll look to buy in that area, just my two cents. . .
- #61,715
- Feb 14, 2008 5:33am Feb 14, 2008 5:33am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
I am short from the Weekly 5sma Hi @ 213.35.
Still working on Skunny's fibs. I believe we have hit resistance @ 162 fib. Your thoughts Dagoods ?
Thanx for the PM.
Still working on Skunny's fibs. I believe we have hit resistance @ 162 fib. Your thoughts Dagoods ?
Thanx for the PM.
- #61,716
- Feb 14, 2008 5:40am Feb 14, 2008 5:40am
Price has a 4hr close outside the channel it was stuck in over two weeks. Price looks OB right now so a retest of the channel resistance now support should be tested.
I look for price to pull back to at least 212.50, maybe back down to 210.40 area area then continue upward to 214 1st target, 217.50 next target. . .
I'll look to buy on that dip since my buy targets didn't get hit last night.
I was waiting for the retrace..........any advice karmo....you there buddy have a stop @ 81.....do you think I should cut my losses or should I just be patient.....Thanks
- #61,717
- Feb 14, 2008 5:46am Feb 14, 2008 5:46am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #61,718
- Feb 14, 2008 5:51am Feb 14, 2008 5:51am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
I am short from the Weekly 5sma Hi @ 213.35.
Still working on Skunny's fibs. I believe we have hit resistance @ 162 fib. Your thoughts Dagoods ?
Thanx for the PM.
skunny fibs are tough as u know.... my thoughts are that there are many points of support and resiatance and sometimes its hard to tell if a move is over yet.....skunny fibbing can require up to 4 fibs at once.... but i have an active buy fib still and i dont have a fib where yours is..... on the other hand i am not confident that my buy fib will be hit straight away since there is so much resistance in its way....(this owuld be a no trade zone for me unless we pucnh through resitance upside and then i take a small ride up...
so your fib is just another way to see that resistance.... but i am only learning this stuff....like u... so..... but i would expect my fib target to be hit sooner or later unless i did something wrong....
and if it doesnt hit sooner or later and i did do something wrong...then i would probably go retrade it and find out that there was a bigger timeframe down fib that countered it..... but
my 2 cents is we have more upside to go ..... like i originally posted.... but we could retrace first like karmo and quecee have pointed out...... so basically i add nothing to what has already been said LOL
- #61,720
- Feb 14, 2008 5:57am Feb 14, 2008 5:57am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
skunny fibs are tough as u know.... my thoughts are that there are many points of support and resiatance and sometimes its hard to tell if a move is over yet.....skunny fibbing can require up to 4 fibs at once.... but i have an active buy fib still and i dont have a fib where yours is..... on the other hand i am not confident that my buy fib will be hit straight away since there is so much resistance in its way....(this owuld be a no trade zone for me unless we pucnh through resitance upside and then i take a small ride up...
so your fib is just another way to see that resistance.... but i am only learning this stuff....like u... so..... but i would expect my fib target to be hit sooner or later unless i did something wrong....
and if it doesnt hit sooner or later and i did do something wrong...then i would probably go retrade it and find out that there was a bigger timeframe down fib that countered it..... but
my 2 cents is we have more upside to go ..... like i originally posted.... but we could retrace first like karmo and quecee have pointed out...... so basically i add nothing to what has already been said LOL