Hi guys.Nice down movemnt.I wasnt able to jioun you before.Now it is up to mee to see shoul i join or just look!??
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #97,764
- Jun 30, 2008 3:25am Jun 30, 2008 3:25am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #97,765
- Jun 30, 2008 3:25am Jun 30, 2008 3:25am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #97,767
- Jun 30, 2008 3:29am Jun 30, 2008 3:29am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
anyone thinking this might range after today action coz of the holidayz...?
I'm thinking price will pivot around the 208.50 area until AUG...?
I'm thinking price will pivot around the 208.50 area until AUG...?
- #97,768
- Jun 30, 2008 3:31am Jun 30, 2008 3:31am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
GJ Weekly - Doji
If tomorrow (Daily) price close below Gann - Then lilmoe will happy
Next 4h - If GJ clould break below 209.50 then 208
If tomorrow (Daily) price close below Gann - Then lilmoe will happy
Next 4h - If GJ clould break below 209.50 then 208
- #97,769
- Jun 30, 2008 3:31am Jun 30, 2008 3:31am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
anyone thinking this might range after today action coz of the holidayz...?
I'm thinking price will pivot around the 208.50 area until AUG...?
Trade what you see, not what you think.
- #97,770
- Jun 30, 2008 3:33am Jun 30, 2008 3:33am
Erm..juz a note to all..U/J juz broke and closed below a major ascending trendline.
This could be a start to a mojor sell off in yen crosses.
Personally, I am placing short orders at 211.71 for geppy and 167.84 of E/J.
I forsee that this will soon pull down all USD pairs too, but timing not too sure as it can be seen that the euro has been defending itself well but I guess not too long. Pound has started to give up hope already.
Now expecting a retrace back up higher before to continue its slide lower for both pairs.
- #97,772
- Jun 30, 2008 3:36am Jun 30, 2008 3:36am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
If UJ goes past 105, I'll be impressed.
NY Big Boys will did it for us
i think this simple chart says a lot: weekly channel with projected upper and lower limits for next week. also, notice the previous resistance at 207.77 (it was powerful enough to make it bounce 800 pips down), i assume it should have turned into some decent support.
all in one, the important levels for next week are: 213.70, 211.65, 209.50; then 207.77 and the channel limits - 214.70 (215.89) and 205.09.
I had a double fib @ 209.80 area with the next fib conf @ ~208.90. It would be great if you could explain to me why 209.50. Thx!!!
Consistency and patience is everything
- #97,774
- Jun 30, 2008 3:46am Jun 30, 2008 3:46am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #97,775
- Jun 30, 2008 3:46am Jun 30, 2008 3:46am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
NY Big Boys will did it for us
- #97,776
- Jun 30, 2008 3:46am Jun 30, 2008 3:46am
Scrat, you were again right on target with 209.50 as a key level - we just having a bounce off that area. However, can anyone explain to me why 209.50?
I had a double fib @ 209.80 area with the next fib conf @ ~208.90. It would be great if you could explain to me why 209.50. Thx!!!
seems to have been observed.
incidently S1 is 21054
draw the lines on your chart and they may give you some help
john
Weekly S1 is at 21023
If you were looking for a retrace level then I would think that might be worth considering, but I missed the trade and i'm not going back in until the 1h crosses back over the 50 line...
john
- #97,779
- Jun 30, 2008 3:52am Jun 30, 2008 3:52am
The 212.80s some (incl you) were calling as a buy back then?..well, price sliced right through them like a hot knife through butter. Then fortunately for those who bought there, it gave them a chance to bail out on B/E, before plunging lower ..and lower
Mid term uptrend still inplace till shown otherwise IMO
Regards,
P
http://img517.imageshack.us/img517/245/209fr1.jpg
- #97,780
- Jun 30, 2008 4:01am Jun 30, 2008 4:01am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
