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  • #1,701
  • Apr 1, 2008 7:47am Apr 1, 2008 7:47am
that 4hr 100 ema should provide some resistance, how much who knows. we may see a perfect set up of bad news at 10am along with that 100 ema bounce. an hourly close above and bulls would appear to be in charge.
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  • #1,702
  • Apr 1, 2008 7:50am Apr 1, 2008 7:50am
Quoting rrram2
It has been in this MT 197-200 channel for a few days anyways.

I am naturally long GJ, but I cannot find absolutely anything indicating
we could sustain a break above 200.

We have not been above 202 in over 2 weeks.
And the LT still looks to be down.

yes the 240 may look possibly promising for a move up.
But look back on that 240 min chart, there is still bearish divergence on the RSI.

So I am going to sit tight with my shorts
I just trading what I see. I see a trendline down from 213.50 peak sitting right at the 4h 100ema. I agree 200.10 will need to break first in order to get up there.
  • #1,703
  • Apr 1, 2008 7:58am Apr 1, 2008 7:58am
Quoting forexlion
second resting place achieved and taken out

now we begin final victory run for 200.19 and then ofcourse a retrace.
Thats a nice number I have my stop loss at 200.25.
Perhaps I need to move it up as GJ is coming down
it is just a matter of when and how far.
  • #1,704
  • Apr 1, 2008 8:03am Apr 1, 2008 8:03am
YM has gap to fill of 110 point

99% of the time this gap will be filled

Not sure what effect this will have on GJ

Right now the lower time frames have bearish div on rsi and macd.

The 2 hour broke the top of the LR channel and looks set to move up to test 201.75.

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  • #1,705
  • Apr 1, 2008 8:03am Apr 1, 2008 8:03am
Put your stop loss above 200.50 so we all win. LOL.
  • #1,706
  • Apr 1, 2008 8:05am Apr 1, 2008 8:05am
wrong chart

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  • #1,707
  • Apr 1, 2008 8:13am Apr 1, 2008 8:13am
Not that I play the news much but Felix from Forex Peace Army says
That divergence on the report up or down of 1.5 from what is expected, will send UJ up or down 50 pips.

So expected is 47.5, Felix claims if it comes out at 46 or lower, SELL UJ
and if it comes in 49 or higher BUY UJ.

Since I Am short GJ, if the report comes out at 49 I am going to hate that
and it will likely be positive for GJ.

I am not pushing Felix or his group, but he trades the news on divergences,
And I have followed his interpretation for a while and notice that he is right 90% of the time with his trigger divergence from what is expected,
sending a related pair one way or another.

So I am hoping ISM comes out at 46 or at least less than what is expected, which I think will push GJ down if ISM comes in DOWN.
  • #1,708
  • Apr 1, 2008 8:20am Apr 1, 2008 8:20am
Thanks Ram, lets see how it plays out. I may chicken out and be RESPONSIBLE and take my profit before that news release.
  • #1,709
  • Apr 1, 2008 8:22am Apr 1, 2008 8:22am
Quoting piptrain
I just trading what I see. I see a trendline down from 213.50 peak sitting right at the 4h 100ema. I agree 200.10 will need to break first in order to get up there.
Hey piptrain. I see the same and I think if 200.35 can give there is a potential 100 pip move there.That would put the price close to the top of the daily bull flag.
  • #1,710
  • Apr 1, 2008 8:26am Apr 1, 2008 8:26am
COOL pipchick!!
  • #1,711
  • Apr 1, 2008 8:30am Apr 1, 2008 8:30am
Quoting rrram2
It has been in this MT 197-200 channel for a few days anyways.

I am naturally long GJ, but I cannot find absolutely anything indicating
we could sustain a break above 200.

We have not been above 202 in over 2 weeks.
And the LT still looks to be down.

yes the 240 may look possibly promising for a move up.
But look back on that 240 min chart, there is still bearish divergence on the RSI.

So I am going to sit tight with my shorts
ALSO,

200.40 is 261% extension of this am range prior to breakout. Just fyi.
  • #1,712
  • Edited 8:49am Apr 1, 2008 8:32am | Edited 8:49am
GJ15m
http://www.tradingrooms.com/chartpos...2008133233.png
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  • #1,713
  • Apr 1, 2008 8:39am Apr 1, 2008 8:39am
DOW up 150 at opening- GJ up- UJ up. The 10 am news may already be old news. I can't find any other reason for the uptrend of DOW. Smells like inside trading???
  • #1,714
  • Apr 1, 2008 8:40am Apr 1, 2008 8:40am
Quoting PipChick
Hey piptrain. I see the same and I think if 200.35 can give there is a potential 100 pip move there.That would put the price close to the top of the daily bull flag.
pipchick?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #1,715
  • Apr 1, 2008 8:45am Apr 1, 2008 8:45am
Quoting 13.1 Runner
DOW up 150 at opening- GJ up- UJ up. The 10 am news may already be old news. I can't find any other reason for the uptrend of DOW. Smells like inside trading???
I think it is some hopeful folks, diehard USD fans, WHo can't see the forest for the trees. The reports like ISM are extremely unlikely to be leaked.
I think we are in for a big surprise on this one, I am just hoping it does NOT
come in at or above 49.

I get the feeling many of the US numbers on reports are sadly manipulated by the liars currently in the White House and all thier cronies.
  • #1,716
  • Apr 1, 2008 8:47am Apr 1, 2008 8:47am
Quoting moneymagnet
pipchick?
yes moneymagnet
  • #1,717
  • Apr 1, 2008 8:48am Apr 1, 2008 8:48am
Quoting 13.1 Runner
DOW up 150 at opening- GJ up- UJ up. The 10 am news may already be old news. I can't find any other reason for the uptrend of DOW. Smells like inside trading???
I think people think with the new quarter that eveythink is ok ....until the next peice of news comes along...

if its not today then the next employment figurestwill do it.
  • #1,718
  • Apr 1, 2008 8:51am Apr 1, 2008 8:51am
As M said, Divergence on RSI is there but this thing feels like its going up. I want to short it but I have this eerie feeling we might see a pop to the upside. Im going to sit for now and wait for confirmation. I might get in a little late but this beast is too uncertain for my taste right now.
  • #1,719
  • Apr 1, 2008 8:56am Apr 1, 2008 8:56am
Quoting rrram2
I think it is some hopeful folks, diehard USD fans, WHo can't see the forest for the trees. The reports like ISM are extremely unlikely to be leaked.
I think we are in for a big surprise on this one, I am just hoping it does NOT
come in at or above 49.

I get the feeling many of the US numbers on reports are sadly manipulated by the liars currently in the White House and all thier cronies.
Manipulation is the name of the game in the money world. Not sure about the White House but you can bet the big financial boys are hard at it.
  • #1,720
  • Apr 1, 2008 9:02am Apr 1, 2008 9:02am
Tried to tell you
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