"Millionaires don't use astrology, billionaires do"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #98,481
- Jul 1, 2008 5:58pm Jul 1, 2008 5:58pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
- #98,482
- Jul 1, 2008 5:59pm Jul 1, 2008 5:59pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Ok.. I am long @211.43 targeting 217 ..
- #98,483
- Jul 1, 2008 6:02pm Jul 1, 2008 6:02pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Me too .. reverse ..
Hey .. you both and me have nothing to do .. looks like it .. need to be spanked..
here's something for those who have nothing to do. loool
http://www.bash.org/?853555
http://www.bash.org/?860040
http://www.bash.org/?865032
http://www.bash.org/?865098
http://www.bash.org/?865725
http://www.bash.org/?868223
the last one is nasty, lol
- #98,484
- Jul 1, 2008 6:02pm Jul 1, 2008 6:02pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
.. just kidding bro .. my finger is itchy .. just trying to join the posting battle here .. 
- #98,485
- Jul 1, 2008 6:30pm Jul 1, 2008 6:30pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
here's something else to share....
fibs are pretty powerful. DP yesterday was at 211.10, it was very significant because it was in perfect confluence with 38.2 fib of the fall from 241 to 192.
yesterday was the first of this monthly candle which successfully closed above that level, so did the previous 2 weeklies. so logically expecting the next fib wouldn't be that bad. the next fib (50%) is around 216.88
other than the weekly 200sma (blue) we might have some tough resistance at the green TL (neckline of the massive h/s pattern on monthly/weekly charts) but closing above that on a weekly level might put 221-222 on the cards.
i am current long and will add more longs as we go down, BUT a breach of yesterday's low would ask me to reverse my trade and look for 207.77 as mentioned earlier; where from there i will again start scaling longs.
when we get to 216 area, i will start scaling shorts. with SL above 217. but again, if we close above the green neckline i will reevaluate.
here's the chart.
fibs are pretty powerful. DP yesterday was at 211.10, it was very significant because it was in perfect confluence with 38.2 fib of the fall from 241 to 192.
yesterday was the first of this monthly candle which successfully closed above that level, so did the previous 2 weeklies. so logically expecting the next fib wouldn't be that bad. the next fib (50%) is around 216.88
other than the weekly 200sma (blue) we might have some tough resistance at the green TL (neckline of the massive h/s pattern on monthly/weekly charts) but closing above that on a weekly level might put 221-222 on the cards.
i am current long and will add more longs as we go down, BUT a breach of yesterday's low would ask me to reverse my trade and look for 207.77 as mentioned earlier; where from there i will again start scaling longs.
when we get to 216 area, i will start scaling shorts. with SL above 217. but again, if we close above the green neckline i will reevaluate.
here's the chart.
- #98,486
- Jul 1, 2008 6:33pm Jul 1, 2008 6:33pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
i was shocked because going long on GJ wouldn't be u, looool.
are u currently in a trade? seriously.
- #98,488
- Jul 1, 2008 6:39pm Jul 1, 2008 6:39pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
I am currently on GU short. Closed my UJ long earlier ..No GJ yet.
still long on UJ
also still short on euro, and will add more shorts when we close below DP.
i would seriously advise to take a look at the weekly chart i posted
- #98,489
- Jul 1, 2008 6:46pm Jul 1, 2008 6:46pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
that pattern i see on GJ is in fact a reversal pattern, meaning up. i've been yelling about it for the past 2 days. it is also supported with a reverse h/s pattern with today's low being the right shoulder. the price successfully closed above the neckline. a retest of that neckline is likely. earlier today (yesterday in my part of the world) i thought the neckline was breached, but there was that ugly doji on the 1h chart that i mentioned and made me change my mind of going long there. there was also a possibility of price closing below daily gann, which would've forced me to re-evaulate. but that didn't happen, and now that neckline is breached thank god, and price managed to close above DP 1h 50ema.
now, considering price going below the new DP (not very easy, but nothing's impossible), i really doubt it would go lower than a 61.8 retracement of the latest intraday rally, which would be around 210.68. i'm not asking u to move ur order a bit up, but i think you should consider the other TL u have on your chart in the lower 211 area
good luck!
- #98,490
- Jul 1, 2008 6:48pm Jul 1, 2008 6:48pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Now youre talking my language lilmoe.lol
take a look at your 15m chart, i hope u see what i see
- #98,491
- Jul 1, 2008 6:56pm Jul 1, 2008 6:56pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
careful now, that might be some of my garbage again,
take a look at your 15m chart, i hope u see what i see
- #98,493
- Jul 1, 2008 7:05pm Jul 1, 2008 7:05pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
What time zone are you in lilmoe?
take a look, added a couple more longs on UJ
- #98,498
- Jul 1, 2008 7:30pm Jul 1, 2008 7:30pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #98,500
- Jul 1, 2008 7:41pm Jul 1, 2008 7:41pm
Hate to tell u guys .. I think we would see 209.xx if not 208.xx by tomorrow. The current Japanese Bond market is very strong ..
Risk aversion ahead of US labor report.I guess you can add oil, bank writedowns, US auto sales, subprime and conventional mortgage defaults, dow down to August 02 lows, etc, etc, etc......