price has already breached daily 50 sma.. what's the hell happening?
can't resist emotions but i have to
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #73,642
- Apr 17, 2008 12:36pm Apr 17, 2008 12:36pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
price has already breached daily 50 sma.. what's the hell happening?
can't resist emotions but i have to
Any news out to remind the market how bad things really are will send this pair down quicker than you can blink your eye!
However, right now people are enjoying the upward pips and this may continue for the rest of the week into early next week!
Food for thought!
- #73,643
- Apr 17, 2008 12:54pm Apr 17, 2008 12:54pm
- Joined Mar 2007 | Status: Trader | 1,731 Posts
There was little bad news out this week to cause a sell-off and the markets are looking for any glimpse of positive news to push this pair up while holding positive interest. But keep in mind that the market does have selective amnesia. . .
Any news out to remind the market how bad things really are will send this pair down quicker than you can blink your eye!
However, right now people are enjoying the upward pips and this may continue for the rest of the week into early next week!
Food for thought!
- #73,644
- Apr 17, 2008 1:00pm Apr 17, 2008 1:00pm
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
There was little bad news out this week to cause a sell-off and the markets are looking for any glimpse of positive news to push this pair up while holding positive interest. But keep in mind that the market does have selective amnesia. . .
Any news out to remind the market how bad things really are will send this pair down quicker than you can blink your eye!
However, right now people are enjoying the upward pips and this may continue for the rest of the week into early next week!
Food for thought!
Imanuel Parsifal
- #73,645
- Apr 17, 2008 1:14pm Apr 17, 2008 1:14pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
thats my Q talking piping...how have you been Q,,its been a while
- #73,646
- Apr 17, 2008 1:23pm Apr 17, 2008 1:23pm
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
am good..barely have time to look at the plat-form,school work is much:lots of research,term paper e.t.c..i see g/j is in its dangerous state now..
Imanuel Parsifal
- #73,648
- Apr 17, 2008 2:06pm Apr 17, 2008 2:06pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #73,649
- Apr 17, 2008 2:12pm Apr 17, 2008 2:12pm
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
is anyone even aware that bush on tv?
i've never seen a president have so little impact on the market...
Imanuel Parsifal
- #73,651
- Apr 17, 2008 2:16pm Apr 17, 2008 2:16pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
I sincerely hope that's a head and shoulders on the DOW chart....
Hi All,
I've been following this thread for a few days and have decided to make myself know instead of lurking in the background. This is my first post so please be gentle with me!!
Great analysis eveyone and thanks for posting your charts, its great to see different perspectives on it all!
I've only been live for a couple of months but having a major problem today...yes you've guessed it - I'm Short G/J...Not only that I've been holding Shorts from 198.80, 199.50, 199.85, 200.50, 201.75! Now altogether now...
I have included a chart from the 14 April where I though we would go, but honestly did'nt think we would get anywhere near this level
The other chart is where I was completely wrong again, thinking we would go South from the Red Triangle (please excuse the charts - I'm having to draw in Microsoft paint!
Well anyway, thanks everyone, keep up the good work and hope to see more in the future...My personal calls havent been great (understatement) this week and if we don't go South soon I'm done (I know, money management blah blah, I didn't listen this time and froze to the Screen wishing it lower!! -obviously didn't work
!)
Is anyone else short at the moment or am I the only Short left on the Planet?? Thanks everyone and great thread!
Shakes
Hi All,
I've been following this thread for a few days and have decided to make myself know instead of lurking in the background. This is my first post so please be gentle with me!!
Great analysis eveyone and thanks for posting your charts, its great to see different perspectives on it all!
I've only been live for a couple of months but having a major problem today...yes you've guessed it - I'm Short G/J...Not only that I've been holding Shorts from 198.80, 199.50, 199.85, 200.50, 201.75! Now altogether now...
I have included a chart from the 14 April where I though we would go, but honestly did'nt think we would get anywhere near this level
The other chart is where I was completely wrong again, thinking we would go South from the Red Triangle (please excuse the charts - I'm having to draw in Microsoft paint!
Well anyway, thanks everyone, keep up the good work and hope to see more in the future...My personal calls havent been great (understatement) this week and if we don't go South soon I'm done (I know, money management blah blah, I didn't listen this time and froze to the Screen wishing it lower!! -obviously didn't work
!)Is anyone else short at the moment or am I the only Short left on the Planet?? Thanks everyone and great thread!
Shakes
- #73,653
- Apr 17, 2008 2:26pm Apr 17, 2008 2:26pm
- Joined Apr 2006 | Status: Trader | 2,429 Posts
I sincerely hope that's a head and shoulders on the DOW chart....
Hi All,
I've been following this thread for a few days and have decided to make myself know instead of lurking in the background. This is my first post so please be gentle with me!!
Great analysis eveyone and thanks for posting your charts, its great to see different perspectives on it all!
I've only been live for a couple of months but having a major problem today...yes you've guessed it - I'm Short G/J...Not only that I've been holding Shorts from 198.80, 199.50, 199.85, 200.50, 201.75! Now altogether now...
I have included a chart from the 14 April where I though we would go, but honestly did'nt think we would get anywhere near this level
The other chart is where I was completely wrong again, thinking we would go South from the Red Triangle (please excuse the charts - I'm having to draw in Microsoft paint!
Well anyway, thanks everyone, keep up the good work and hope to see more in the future...My personal calls havent been great (understatement) this week and if we don't go South soon I'm done (I know, money management blah blah, I didn't listen this time and froze to the Screen wishing it lower!! -obviously didn't work
Is anyone else short at the moment or am I the only Short left on the Planet?? Thanks everyone and great thread!
Shakes
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #73,654
- Apr 17, 2008 2:27pm Apr 17, 2008 2:27pm
- Joined Aug 2007 | Status: Trader | 2,616 Posts
Short here too 201.55, 203.08 and 202.18 
. Just when things look good for shorts it takes off have seen this so many time. I am going to stay with the longer term trend. Weekley is still below GANN and Monthly is well below GAN and on my Monthly lower Moving Average has crossed the higher Moving Average indications of more downtrend coming. However, will need to be patient as this thing but shoot but quiet high 206 207 area
. Just when things look good for shorts it takes off have seen this so many time. I am going to stay with the longer term trend. Weekley is still below GANN and Monthly is well below GAN and on my Monthly lower Moving Average has crossed the higher Moving Average indications of more downtrend coming. However, will need to be patient as this thing but shoot but quiet high 206 207 area
- #73,655
- Apr 17, 2008 2:27pm Apr 17, 2008 2:27pm
- Joined Apr 2006 | Status: Trader | 2,429 Posts
Have had a short a couple of weeks now from 193.82
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #73,656
- Apr 17, 2008 2:31pm Apr 17, 2008 2:31pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I sincerely hope that's a head and shoulders on the DOW chart....
Hi All,
I've been following this thread for a few days and have decided to make myself know instead of lurking in the background. This is my first post so please be gentle with me!! I'm Short G/J...Not only that I've been holding Shorts from 198.80, 199.50, 199.85, 200.50, 201.75! Now altogether now...
I have included a chart from the 14 April where I though we would go, but honestly did'nt think we would get anywhere near this level
The other chart is where I was completely wrong again, thinking we would go South from the Red Triangle (please excuse the charts - I'm having to draw in Microsoft paint!
Well anyway, thanks everyone, keep up the good work and hope to see more in the future...My personal calls havent been great (understatement) this week and if we don't go South soon I'm done (I know, money management blah blah, I didn't listen this time and froze to the Screen wishing it lower!! -obviously didn't work
Is anyone else short at the moment or am I the only Short left on the Planet?? Thanks everyone and great thread!
Shakes
James16 Chart Thread
http://www.forexfactory.com/showthread.php?t=2331
It may give you a different look on how Price moves in the market.
Jim
Indicators show the past. Price Action "Indicates" the future.
- #73,657
- Apr 17, 2008 2:31pm Apr 17, 2008 2:31pm
- Joined Mar 2007 | Status: Trader | 1,731 Posts
Have had a short a couple of weeks now from 193.82
- #73,658
- Apr 17, 2008 2:32pm Apr 17, 2008 2:32pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
Have had a short a couple of weeks now from 193.82
That makes me feel better already
My account is already streched with this 500 pip rally...couldn't go 1000pips though...
When do you think we'll go South my friend?I'm sure this price action is just a flash in the pan and a bit of a trap...
UK economic data is terrible and I think the next piece of bad news will drive us South again - in a brick dropped of a building kind of way....Everyone tell me it's all going to be OK please or I'll have to kill my Shorts above 206...
Shakes
- #73,659
- Apr 17, 2008 2:32pm Apr 17, 2008 2:32pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
