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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #65,323
- Edited 4:14am Mar 5, 2008 3:50am | Edited 4:14am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
- #65,326
- Mar 5, 2008 3:59am Mar 5, 2008 3:59am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
The bears are still so powerful. I think if market couldn't hold above 204.40 today, we will see another big fall by the end of this week and if 203.70 is broken, then we should say good bye to bulls and hello to 201.30 in a very sharp move.
With GU, 1.9820, which was a major support has been broken down and although GBP Services PMI new was positive, it couldn't help GU to get back up. Yesterday everybody thought positive about GU but now with this break down, I think we should expect the opposite for this pair. Though right now H4 EMA 100 and EMA 200 confluence area is around 1.9730. If it holds firmly, there is another hope for GU to rise again.
ADP Nonfarm Employment can help GJ move down today. Spicially with this big fall with GU, it is more probable that we will see another major downfall for GJ rather than seeing above 205.70 because if ADP news is negative, UJ will fall drastically and then pull GJ down too.
let's see how it plays
With GU, 1.9820, which was a major support has been broken down and although GBP Services PMI new was positive, it couldn't help GU to get back up. Yesterday everybody thought positive about GU but now with this break down, I think we should expect the opposite for this pair. Though right now H4 EMA 100 and EMA 200 confluence area is around 1.9730. If it holds firmly, there is another hope for GU to rise again.
ADP Nonfarm Employment can help GJ move down today. Spicially with this big fall with GU, it is more probable that we will see another major downfall for GJ rather than seeing above 205.70 because if ADP news is negative, UJ will fall drastically and then pull GJ down too.
let's see how it plays
Discipline + Patience - Fear - Greed = Success
- #65,327
- Mar 5, 2008 4:05am Mar 5, 2008 4:05am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
where do u think this good news are taking us? 206.17 or 208xx
for this targets we need the price close at 4hr gannhilo.
Trade what you see, not what you think.
- #65,331
- Mar 5, 2008 4:19am Mar 5, 2008 4:19am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #65,333
- Mar 5, 2008 4:20am Mar 5, 2008 4:20am
- Joined Nov 2007 | Status: Trying manual mode again | 2,210 Posts
- #65,334
- Mar 5, 2008 4:22am Mar 5, 2008 4:22am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
We'll have to wait and see
- #65,337
- Mar 5, 2008 4:29am Mar 5, 2008 4:29am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
after...close my buy..with trailing stop...
i see at h4... 205.47 is hard resitance now...
...if break...maybe gj can fly...if not... break...GJ 204.00 today..my personal preview
i see at h4... 205.47 is hard resitance now...
...if break...maybe gj can fly...if not... break...GJ 204.00 today..my personal preview
- #65,338
- Mar 5, 2008 4:30am Mar 5, 2008 4:30am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
WAH !!!!!!!!!!!!!!!
........i'm noob here 