What do you think of this setup?
Order:
Buy 206 S/L 205.51 Target 211
Sell 205 S/L 205.49 Target 201
Any suggestions? Thanks
Order:
Buy 206 S/L 205.51 Target 211
Sell 205 S/L 205.49 Target 201
Any suggestions? Thanks
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #74,664
- Apr 22, 2008 10:07pm Apr 22, 2008 10:07pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
It doesn't look like it has enough power to break the resistance .. but who knows 
- #74,665
- Apr 22, 2008 10:18pm Apr 22, 2008 10:18pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
I don't think it's going down to 201 but you never know lol depends what happens i'm looking for a spot to get in for a shot to 211.
- #74,667
- Apr 22, 2008 10:28pm Apr 22, 2008 10:28pm
I placed a long too:
Pluses:-In favor
QQE5 and QQE 60 crossed up in 15 min TF
Price above pivot and 1hr 100 5-sma.
Supported by this inside bar thingy
Day started right at 4hr -5sma, good risk reward ratio
Minuses: Against
Tokyo price action usually slow
Tokyo famous for stop hunting
I never like placing orders in early Tokyo for the above reasons, but we will see how this goes.
reason my 1/4H stock telling me to same with rsi and MACH
any comments please
kind regards
carl
- #74,668
- Apr 22, 2008 10:33pm Apr 22, 2008 10:33pm
Hi GodfreyH I agree with you, normally when it move up and comes to a standstill or a flat erea(marked with pink) for while and start moving again it genarally move inthe samedirection before it stop. I did put a pending buy in at 206.26 targeting 208.95 with a small sl.whoever i prever what my charts is showin me and that is to go short at 204.85 with 1t at 203.31
reason my 1/4H stock telling me to same with rsi and MACH
any comments please
kind regards
carl
i have short at 205.68
- #74,672
- Apr 22, 2008 10:40pm Apr 22, 2008 10:40pm
The Nikkei is way up for the day, but this sucker is just falling!
i went buy at 205.22 or daily pivot point,
if moving down more i will think twice b4 go to long
- #74,678
- Apr 22, 2008 11:02pm Apr 22, 2008 11:02pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
ic, so if dow down GJ will be down as well isn't
FUBAR...
Hi guys,
First time posting, but been checking here every now and then for some insight on other trader's opinions.
Well here's my own first post expressing my opinion here.
today is pretty hard to tell where the gbp/jpy will close it's day (5 pm NY time 23rd of April)
but here it goes:
GBP/JPY DOWN
First target is 204.70
Second Target is 203.75
Hope to see 203.10 today though
First time posting, but been checking here every now and then for some insight on other trader's opinions.
Well here's my own first post expressing my opinion here.
today is pretty hard to tell where the gbp/jpy will close it's day (5 pm NY time 23rd of April)
but here it goes:
GBP/JPY DOWN
First target is 204.70
Second Target is 203.75
Hope to see 203.10 today though