Regards
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #78,101
- May 4, 2008 1:46pm May 4, 2008 1:46pm
- | Joined Sep 2006 | Status: howard | 1,693 Posts
Regards
- #78,106
- May 4, 2008 1:55pm May 4, 2008 1:55pm
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
xe.com often does this around 2 hours before most brokers open. Showing 208.01 now lol.
Yep...207.89 again
- #78,107
- May 4, 2008 2:02pm May 4, 2008 2:02pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
According to Xe.com we had 1hr. close above 209 
- #78,108
- May 4, 2008 2:02pm May 4, 2008 2:02pm
- Joined May 2007 | Status: Trader | 1,050 Posts
man this currency moves or what?!?!
Oh well a few more hours to go until open, see what happens
Oh well a few more hours to go until open, see what happens
Yep...207.89 again
- #78,109
- May 4, 2008 2:39pm May 4, 2008 2:39pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #78,111
- May 4, 2008 3:04pm May 4, 2008 3:04pm
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Many great analyzes. Noticed that many traders are bullish.
In my experience, after price forms double top we will in most cases see an reverse/decline to some degree. Examples here shows that price rarely drop anything lesser than 400 pips and rarely larger than 1500 pips.
So what am I trying to say?
The probability for price to make a bearish move in the range of 400+ pips is greater than continuation of this upward trend we have witnessed lately.
Remember;only the probability for it.
And if we head above 209, it seems like a pretty "clear" area until 213.
Take it for what it's worth
Good week everyone.
In my experience, after price forms double top we will in most cases see an reverse/decline to some degree. Examples here shows that price rarely drop anything lesser than 400 pips and rarely larger than 1500 pips.
So what am I trying to say?
The probability for price to make a bearish move in the range of 400+ pips is greater than continuation of this upward trend we have witnessed lately.
Remember;only the probability for it.
And if we head above 209, it seems like a pretty "clear" area until 213.
Take it for what it's worth
Good week everyone.
Measure twice, cut once
- #78,112
- May 4, 2008 3:43pm May 4, 2008 3:43pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Nice analysis brother as always, and we can clearly see 4hr. inside bar that broke short or we can say 8hr pinbar that broke short as well. In my point of view we still bearish but then again what do i know
Many great analyzes. Noticed that many traders are bullish.
In my experience, after price forms double top we will in most cases see an reverse/decline to some degree. Examples here shows that price rarely drop anything lesser than 400 pips and rarely larger than 1500 pips.
So what am I trying to say?
The probability for price to make a bearish move in the range of 400+ pips is greater than continuation of this upward trend we have witnessed lately.
Remember;only the probability for it.
And if we head above 209, it seems like a pretty "clear" area until 213.
Take it for what it's worth
Good week everyone.
- #78,113
- May 4, 2008 3:46pm May 4, 2008 3:46pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #78,114
- May 4, 2008 3:53pm May 4, 2008 3:53pm
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts | Online Now
- #78,115
- May 4, 2008 4:03pm May 4, 2008 4:03pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #78,116
- May 4, 2008 4:04pm May 4, 2008 4:04pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #78,118
- May 4, 2008 4:11pm May 4, 2008 4:11pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #78,120
- May 4, 2008 4:17pm May 4, 2008 4:17pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
sorry i had to laugh
it's just as malcomb said, gaps fill back in most of the time. the price right now is 207.57, just where i closed my short last friday night. so if u're short u should have been short from the highs, which means u should be in green pips now. i'm not sure when ur broker opens if the price keeps the same then i guess u're in green.
i really doubt we will have anything major in price movement during tokyo, but hey... anything could happen.
again, price might go either up or down. we might as well just wait and see...
are you saying those holding short its OK?Pls clarify