Money & Pain
Respect the market, protect your capital, be patient
Auslanco - GBP/JPY and GBP/USD (newstrade)
now, that's impressive: just been looking at the technicals for ftse also: miners are heavily oversold perhaps; i was thinking a bloody tuesday for europe, but after this pump
. Bulls are getting shat on
- #99,504
- Jul 7, 2008 3:09pm Jul 7, 2008 3:09pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #99,505
- Jul 7, 2008 3:11pm Jul 7, 2008 3:11pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Buob (bullish outside bar) on 4hr ej right below the red dotted tl. Ill be watching the break of this buob, aither way it breaks ill be taking it, i think its nicely placed on swing high. Short would take us to the lower red dotted tl minimum i think, long mmm i dont know 
Looking at dayly we "might" have dblhc (double bar low higher close) that would signal a buy, so ill be just watching the 4hr buob and take a trade aither direction it wants to go. Triangle is getting stif and a breakout is near i think.
any comments pls
Looking at dayly we "might" have dblhc (double bar low higher close) that would signal a buy, so ill be just watching the 4hr buob and take a trade aither direction it wants to go. Triangle is getting stif and a breakout is near i think.any comments pls
- #99,506
- Jul 7, 2008 3:20pm Jul 7, 2008 3:20pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #99,508
- Jul 7, 2008 4:01pm Jul 7, 2008 4:01pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I mean look, aarrgghhhh!
I donīt trade this pair
.
- #99,509
- Jul 7, 2008 4:10pm Jul 7, 2008 4:10pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Ok safe pips to everybody, see you at Frankie open.
Nite nite
Nite nite
- #99,510
- Jul 7, 2008 4:22pm Jul 7, 2008 4:22pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Hi All, it was a nice trade on GU long this morning. Grabbed about 80 pips .. as always fear kicks in and closed a bit early .. could have more, but it's ok ..am satisfied .. 
Hope you guys are doing fine on Geppy ..
(Just checking in)
Hope you guys are doing fine on Geppy ..
(Just checking in)
- #99,511
- Jul 7, 2008 4:28pm Jul 7, 2008 4:28pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Buob (bullish outside bar) on 4hr ej right below the red dotted tl. Ill be watching the break of this buob, aither way it breaks ill be taking it, i think its nicely placed on swing high. Short would take us to the lower red dotted tl minimum i think, long mmm i dont know
any comments pls
I could imagine getting short at that level (if I got short GJ)
but I cant imagine trying to hold it with a final target of 208 something.
GJ looks to be trending up, making higher highs and lower lows.
Going short LT is risky, hope youhave a tight SL on that one.
but I cant imagine trying to hold it with a final target of 208 something.
GJ looks to be trending up, making higher highs and lower lows.
Going short LT is risky, hope youhave a tight SL on that one.
I am currently short Geppy @211.90.. hope to run down to 208.xx area if possible
- #99,513
- Jul 7, 2008 4:45pm Jul 7, 2008 4:45pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I could imagine getting short at that level (if I got short GJ)
but I cant imagine trying to hold it with a final target of 208 something.
GJ looks to be trending up, making higher highs and lower lows.
Going short LT is risky, hope youhave a tight SL on that one.
Let's see .. thanks.
- #99,514
- Jul 7, 2008 4:53pm Jul 7, 2008 4:53pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
if you are talking about g-j, could you point out on my chart where exactly are your overbought levels on daily (somewhere between the vertical lines)? because i see stochastic around 50, and cci around 0. and these levels are not overbought at all.
Not really .. basically just based on daily over-bought level and supported by European bond closed strong today. So far, the trend is quite exhaustive .. looks like a dead cat bounced ..
Let's see .. thanks.
Nihil Sine Deo.
- #99,515
- Jul 7, 2008 5:11pm Jul 7, 2008 5:11pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
if you are talking about g-j, could you point out on my chart where exactly are your overbought levels on daily (somewhere between the vertical lines)? because i see stochastic around 50, and cci around 0. and these levels are not overbought at all.
Anyway, this is only one of my trigger criteria. Fundamentals plus a bit here and there add up to the decision .. in the end, it's more like "imo" indicator
- #99,516
- Jul 7, 2008 5:25pm Jul 7, 2008 5:25pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
I have had this sometimes too. And I have made a decision
I donīt trade this pair
- #99,518
- Jul 7, 2008 5:46pm Jul 7, 2008 5:46pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
but! but! but!!!! it's easier than GJ!!!!
- #99,519
- Jul 7, 2008 6:02pm Jul 7, 2008 6:02pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Here is my take
The chart below is an 8 hour chart
Price seems to be in a shallow bear flag , with the price moving back and forth thru the 50 sma.
The rsi is ranging around the 50 level , giving no direction
Now the fact that the flag so far has not gone any higher than the 61.8% retracement of them move down tells me that currently this is a true flag and a bearish continuation pattern .
Until price breaks 212.50 I am undecided but do have a bearish bias as long as this flag remains in place.
The chart below is an 8 hour chart
Price seems to be in a shallow bear flag , with the price moving back and forth thru the 50 sma.
The rsi is ranging around the 50 level , giving no direction
Now the fact that the flag so far has not gone any higher than the 61.8% retracement of them move down tells me that currently this is a true flag and a bearish continuation pattern .
Until price breaks 212.50 I am undecided but do have a bearish bias as long as this flag remains in place.
Blogging daily now at www.volume.zone
- #99,520
- Jul 7, 2008 6:07pm Jul 7, 2008 6:07pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
GJ, i prefer channels only, and i see it's in it.
