Good morning all =
Please enlighten us with your analysis ...
Discipline + Patience - Fear - Greed = Success
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #69,041
- Mar 17, 2008 8:01am Mar 17, 2008 8:01am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Please enlighten us with your analysis ...
- #69,042
- Mar 17, 2008 8:02am Mar 17, 2008 8:02am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
Good evening shahroodi. . .
do u have any position????
new 12 hr momentoms shows me retrace to 196.30-40 area...so i have a little long position at 194.12 to that area.
what do u think???
ps:aslo price has double bottom at 192.60
- #69,045
- Mar 17, 2008 8:06am Mar 17, 2008 8:06am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Ok did something just happened how the heck did geppy go so high in matter of minutes I just can't get it right this time around
j/k
- #69,047
- Mar 17, 2008 8:19am Mar 17, 2008 8:19am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Are the shorts still safe my pending short kicked in at 195.50 while I was in the bus and this thing turned around. I feel so dam lost and hopeless
But don't be greedy man ..
- #69,050
- Mar 17, 2008 8:28am Mar 17, 2008 8:28am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Are the shorts still safe my pending short kicked in at 195.50 while I was in the bus and this thing turned around. I feel so dam lost and hopeless
just kidding ... trade the chart only ...
Discipline + Patience - Fear - Greed = Success
- #69,056
- Mar 17, 2008 8:58am Mar 17, 2008 8:58am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
tks
do u have any position????
new 12 hr momentoms shows me retrace to 196.30-40 area...so i have a little long position at 194.12 to that area.
what do u think???
ps:aslo price has double bottom at 192.60
Price has bounced from 192.62 which is short-term support for now and probably the short-term low for today. . .
I expect price to go back and challenge at least 197/198 area over the next several days. . . Then we may see it resume the downtrend back to 190 area. . .
If we get a break of 198 during the uptrend then we'll have to re-evaluate the position from there. . .
I made my decision to go long based on what I was seeing on the 15min chart this a.m. I knew price had challenged this suport yesterday when I took profit on my shorts so It was a good idea to go long if the support held. Initially I thinking the long may be good for 150-200 pips but it look like it could go further up before heading back down.
Also 1hr chart starting to look good for this long if it can get above 1hr hi/lo gann. . . ZL Stoch already crossed up but I'd like to see it closer to the 50 level to confirm. . . Also, price on 1hr is sitting above 5 SMA which is another good sign for now. . . I'm watching close so let see how it plays out. . .
Be back with more analysis in a bit. . .
15min/1hr chart 4 u. . .
- #69,057
- Mar 17, 2008 9:01am Mar 17, 2008 9:01am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Hi q, what is you overall idea about the market ?
Please enlighten us with your analysis ...
Just wrote what I see on GJ in a post. . .
Will further this analysis shortly.
- #69,060
- Mar 17, 2008 9:14am Mar 17, 2008 9:14am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
hello arezab =
Just wrote what I see on GJ in a post. . .
Will further this analysis shortly.
2 scenarios are in my mind. I'm not sure about them yet. Gotta wait to see what happens ...
cheers
Discipline + Patience - Fear - Greed = Success