bullish divergence on m30 and h1
This happens sometimes ...
Discipline + Patience - Fear - Greed = Success
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #85,381
- May 29, 2008 6:39am May 29, 2008 6:39am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
This happens sometimes ...
- #85,384
- May 29, 2008 6:46am May 29, 2008 6:46am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #85,387
- May 29, 2008 6:52am May 29, 2008 6:52am
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
Good morning everyone! Hope all is well and collecting Green Pips...been busy loading up different currencies (Long U/J, G/J, U/CH, Short E/G, E/U, E/CAD, A/U)...will be back to this thread next week
Still long from 205.40, 3rd TP hit at 207.95, holding for 4th TP at 208.95 and 5th TP at 212.75
Having probs. uploading charts again, will try again later...but I see G/J daily closed above the 156 SMA for the first time since November, massive conjestion Zone for all SMA's,...Large breakout North within the next 7 days IMHO.
Take care bros!
Still long from 205.40, 3rd TP hit at 207.95, holding for 4th TP at 208.95 and 5th TP at 212.75
Having probs. uploading charts again, will try again later...but I see G/J daily closed above the 156 SMA for the first time since November, massive conjestion Zone for all SMA's,...Large breakout North within the next 7 days IMHO.Take care bros!
- #85,389
- Edited 7:05am May 29, 2008 6:56am | Edited 7:05am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Daily Pivot is yesterdays High + Low + Close divided by three and the support and resistance levels - S1, S2, R1, R2 etc are derived from various combinations of the DP itself and yesterdays H / L etc
Hence these numbers are based on the most recent price action.
The Yen pairs - especially UJ - are very good examples of using the Daily Pivot and its assosciated levels for support and resistance.
Very good info on pivots and their use can be found on the posts by the Dove Alliance in the UJ thread - from memory these were around July last year.
The Chonchy
- #85,390
- May 29, 2008 6:56am May 29, 2008 6:56am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #85,391
- May 29, 2008 6:57am May 29, 2008 6:57am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
May be I am wrong, correct me but here I see regular bearish divergence on the 1h chart
Discipline + Patience - Fear - Greed = Success
- #85,394
- May 29, 2008 7:02am May 29, 2008 7:02am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Great analysis =
I agree, 208.30/50/99 is in play, But I see UJ on it's last leg up before heading down to break thru 102.50 area. . .
105.70 seems a good target as I also stated yesterday but I think GJ will be stuck in a range for a while as I see GU in an uptrend headed back toward 2.04 area in the coming weeks/months therefore holding GJ up for the short-term. This would more than likely put the demand for GJ back down in the 205.50/70/90 area in the coming days/week - IMO. . .
Trading Levels with WRBs
- #85,395
- May 29, 2008 7:03am May 29, 2008 7:03am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #85,396
- May 29, 2008 7:05am May 29, 2008 7:05am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
darn i went to take a shower, to come and see i was stopped out.... at least at B/E
try again
Trade what you see, not what you think.
- #85,397
- May 29, 2008 7:05am May 29, 2008 7:05am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
206.75 ish on the horizon then?
Trading Levels with WRBs
- #85,398
- May 29, 2008 7:06am May 29, 2008 7:06am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts