we agreed on one thing, the downfall.
i was waiting on a H/S formation last week, but i believe that formation was incomplete...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #72,181
- Apr 7, 2008 2:34pm Apr 7, 2008 2:34pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #72,182
- Apr 7, 2008 2:37pm Apr 7, 2008 2:37pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I don't see a close below 1h 100 sma. Also, we are currently above 4h 200ema.
for close on 4h I have to wait another 2.5h
Chart:
http://www.doske.com/fx/snapshot-17.png
- #72,183
- Apr 7, 2008 2:37pm Apr 7, 2008 2:37pm
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
dow looks 12607area
Imanuel Parsifal
- #72,184
- Apr 7, 2008 2:41pm Apr 7, 2008 2:41pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I didn't said close, I said pass. I know that there is a diference between brokers and feed providers, but my 240min[200ema] is on 203.368 on GY
for close on 4h I have to wait another 2.5h
Chart:
Bless
Patience + Discipline - Greed = Success
- #72,185
- Apr 7, 2008 2:41pm Apr 7, 2008 2:41pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #72,186
- Apr 7, 2008 2:55pm Apr 7, 2008 2:55pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Ok, just as i posted before we had a bounce for nearly 50pips from the 50% fib @ 203.18 and Dayly pivot @ 203.16 and retraced full way back to 1hr 5sma @ 203.67, so that 50% fib level was a nice place to go long, though price missed it by 1 point and bounced up as i was expecting. What next ?
- #72,187
- Apr 7, 2008 3:09pm Apr 7, 2008 3:09pm
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
hrly just closed..i see dow goin to 12670area
Imanuel Parsifal
- #72,189
- Apr 7, 2008 3:12pm Apr 7, 2008 3:12pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #72,190
- Apr 7, 2008 3:18pm Apr 7, 2008 3:18pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I think fall is coming soon. I am still wondering why it didn't fall on friday's data. I think if we get more negative earnings behind Alcoa, stocks will fall taking geppy with it. The dow daily also closed as a long wick. Tomorrow should be interesting.
Patience + Discipline - Greed = Success
- #72,191
- Apr 7, 2008 3:23pm Apr 7, 2008 3:23pm
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
earnings started badly, Alcoa off 4 cents a share. Hmmm..
I think fall is coming soon. I am still wondering why it didn't fall on friday's data. I think if we get more negative earnings behind Alcoa, stocks will fall taking geppy with it. The dow daily also closed as a long wick. Tomorrow should be interesting.
Everyone enjoy the ride.
Humble Lifetime Member
- #72,192
- Apr 7, 2008 3:26pm Apr 7, 2008 3:26pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Wishful thinking / hope on part of the bulls. Don't get me wrong, I would like to long this SOB till Kingdom Come but for now, I need it to fall, fall hard. Sorry, but I have always been with the bears. Some of my analysis has come to bear fruit a few months late and some are showing signs a little too early. In the end, It's all good brother.
Everyone enjoy the ride.
you're no bear/bull, you're a pip collector
just like me.
Patience + Humility + Study = Success
- #72,193
- Apr 7, 2008 3:26pm Apr 7, 2008 3:26pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #72,194
- Apr 7, 2008 3:29pm Apr 7, 2008 3:29pm
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Ash,
you're no bear/bull, you're a pip collector
Humble Lifetime Member
- #72,195
- Apr 7, 2008 3:31pm Apr 7, 2008 3:31pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Yeah, but there is no fun in collecting pips during bull "shit" rallies. The fun is when "Fear" is rampant and the bulls are being slaughtered.
Well, yeah I do enjoy a good bull steak
:
Patience + Humility + Study = Success
- #72,197
- Apr 7, 2008 3:43pm Apr 7, 2008 3:43pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
I'm still long from 202 area. . . As long as price is trading above daily gann hi/lo, daily pivot and and daily 5 SMA. . . A close above the daily pivot would see price back at 204.60/65 later today. . .
where is the daily pivot?
Patience + Humility + Study = Success
I think fall is coming soon. I am still wondering why it didn't fall on friday's data. I think if we get more negative earnings behind Alcoa, stocks will fall taking geppy with it. The dow daily also closed as a long wick. Tomorrow should be interesting.
Earnings could definitely be a catalyst for the fall. This pair seems to flow very well w S&P. However, I have been convinced of FIB trading & believe that price MUST finish the cycle. I am not always disciplined enough to hang in there & trust myself & the FIBs, but I know that confidence will come.
Anyway
I believe we will hit 205 again to finish. Then, PA will follow the fundamentals for the next move.Still holding GJ long from 198.19, long from 203.67, & UJ short 102.68 to 101.40.
- #72,199
- Apr 7, 2008 3:45pm Apr 7, 2008 3:45pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
I'm holding a partial long position wouldn't mind some bear steak followed by a bull fillet
- #72,200
- Apr 7, 2008 3:50pm Apr 7, 2008 3:50pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
I'm holding a partial long position wouldn't mind some bear steak followed by a bull fillet
dude, make up ur mind!!