Dislikedi think u're right, monthly chart is gaining bearish momentum. this is probably visiting monthly 5sma at around 207.xx area. buying should be at that area, but with CAUTION!!!
last line if defense is 210.20 then 209.50 let's see if these hold!!!
ps: i'm still smelling something fishy. the possibility of this reversing anytime soon is still there. I AM NOT TRADING!!! lolIgnored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #100,381
- Jul 11, 2008 7:27am Jul 11, 2008 7:27am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #100,382
- Jul 11, 2008 7:28am Jul 11, 2008 7:28am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
i think u're right, monthly chart is gaining bearish momentum. this is probably visiting monthly 5sma at around 207.xx area. buying should be at that area, but with CAUTION!!!
last line if defense is 210.20 then 209.50 let's see if these hold!!!
ps: i'm still smelling something fishy. the possibility of this reversing anytime soon is still there. I AM NOT TRADING!!! lol
agree whit u
- #100,383
- Jul 11, 2008 7:31am Jul 11, 2008 7:31am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
i think u're right, monthly chart is gaining bearish momentum. this is probably visiting monthly 5sma at around 207.xx area. buying should be at that area, but with CAUTION!!!
last line if defense is 210.20 then 209.50 let's see if these hold!!!
ps: i'm still smelling something fishy. the possibility of this reversing anytime soon is still there. I AM NOT TRADING!!! lol
lilmoe, where is your golden touch....? Before this you could read the reversal pattern ...
- #100,384
- Jul 11, 2008 7:32am Jul 11, 2008 7:32am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
oh dear limoe
agree whit u
- #100,386
- Jul 11, 2008 7:35am Jul 11, 2008 7:35am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
lilmoe, where is your golden touch....? Before this you could read the reversal pattern ...
- #100,387
- Jul 11, 2008 7:35am Jul 11, 2008 7:35am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #100,388
- Jul 11, 2008 7:36am Jul 11, 2008 7:36am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
Closed. Reversed. GJ Long!
- #100,389
- Jul 11, 2008 7:37am Jul 11, 2008 7:37am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Closed. Reversed. GJ Long!
Long @ 210.20, already lock the profit +1
.
- #100,390
- Jul 11, 2008 7:44am Jul 11, 2008 7:44am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
We are the champion my friends ... we are the champion of the Geppy ...
.. unbelievable .. just woke up and saw this ..Friday is always nice and full of surprises ..
.. unbelievable .. just woke up and saw this ..Friday is always nice and full of surprises ..
- #100,391
- Jul 11, 2008 7:46am Jul 11, 2008 7:46am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #100,392
- Jul 11, 2008 7:48am Jul 11, 2008 7:48am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Ok.. I found the cause of why ..( just realized for myself 
)
12:43 EUR/USD: Squeezed To 1.5868 As The Mac & Mae Effect Hits Home London, July 11. A push for stops underway as the market factors in significant falls in U.S mortgage company shares. The Dollar has gone from being boosted by the prospects of Fannie rescue to dumped as the rescue speculation is turned into bad news confirmation.
EUR/USD has climbed to 1.5868 and talk in the market is of a push to the 1.5875-80 stops. [email protected]
)12:43 EUR/USD: Squeezed To 1.5868 As The Mac & Mae Effect Hits Home London, July 11. A push for stops underway as the market factors in significant falls in U.S mortgage company shares. The Dollar has gone from being boosted by the prospects of Fannie rescue to dumped as the rescue speculation is turned into bad news confirmation.
EUR/USD has climbed to 1.5868 and talk in the market is of a push to the 1.5875-80 stops. [email protected]
- #100,393
- Jul 11, 2008 7:50am Jul 11, 2008 7:50am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
nothing's clear yet. 210.20 is daily R3 pivot. m5 IS showing reversal as i write this. a 5 min candle close above 210.73 would mean revisiting daily pivot at 211.6x, let's watch and see. it's too spooky! lol
- #100,394
- Jul 11, 2008 7:50am Jul 11, 2008 7:50am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #100,396
- Jul 11, 2008 7:56am Jul 11, 2008 7:56am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
It seems too early to call it a reversal .. it's ok if you scalp.. otherwise this run still has around 200 pips or more to run down .. imo..
- #100,399
- Jul 11, 2008 8:02am Jul 11, 2008 8:02am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
that's what i'm saying, it's too early to be called a reversal. but the signs are there as long as 210 is not taken out on an m5 level. i use a naked m5 chart to spot reversals, and i will make a post if i do see one that is confirmed.