Hi everybody just came back from holiday.
The consolidation is really happening.
The consolidation is really happening.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #101,242
- Jul 16, 2008 4:17am Jul 16, 2008 4:17am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #101,243
- Jul 16, 2008 4:26am Jul 16, 2008 4:26am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Falling wedge on UJ H1 and price sitting on support (red line).
- #101,244
- Jul 16, 2008 4:30am Jul 16, 2008 4:30am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
nice observation
yo thanks brother!
- #101,245
- Jul 16, 2008 4:37am Jul 16, 2008 4:37am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
playing up, in a downmarket is a risk.
I newbie will only trade down at the top.
Last year, same time, i thought: there has to be a retrace, there has to be retrace. And it wasn´t.
So I learned. This year I wait, and watch, and short, IF there is a new top.
Its easy to see 205.500 for the beast today.
Don't worry peaches
Trade what you see, not what you think.
- #101,248
- Jul 16, 2008 4:59am Jul 16, 2008 4:59am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #101,249
- Jul 16, 2008 5:02am Jul 16, 2008 5:02am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #101,251
- Jul 16, 2008 5:06am Jul 16, 2008 5:06am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
I deffo agree....a possible bounce from here as very very strong support...it could as i mentioned earlier go to 208 but i will expect it to snap back up if it does...baby
- #101,253
- Jul 16, 2008 5:08am Jul 16, 2008 5:08am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I deffo agree....a possible bounce from here as very very strong support...it could as i mentioned earlier go to 208 but i will expect it to snap back up if it does...baby
For bears to continue strong, they will need a daily close below 209 otherwise bulls will come back strong.
Trade what you see, not what you think.
- #101,254
- Jul 16, 2008 5:15am Jul 16, 2008 5:15am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
IMO the lowest GJ might go is the Monthly 5sma, the Monthly momentum suggests that.
Monthly 5sma is at 207
yeah......price has monthly momentoms as supports for reach to monthly 5sma close.
see post below:
http://www.forexfactory.com/showpost...&postcount=354
- #101,255
- Jul 16, 2008 5:24am Jul 16, 2008 5:24am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
yeah......price has monthly momentoms as supports for reach to monthly 5sma close.
see post below:
http://www.forexfactory.com/showpost...&postcount=354
- #101,256
- Jul 16, 2008 5:25am Jul 16, 2008 5:25am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
closed half of my position right here nice 150 pips..
nice 150 pips..
- #101,257
- Jul 16, 2008 5:26am Jul 16, 2008 5:26am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
This is just consolidation for the next leg down.
Shorting all rallies.
- #101,259
- Jul 16, 2008 5:33am Jul 16, 2008 5:33am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
Im thinking the same thing looking at the daily QQE, we will find out in the coming days
For bears to continue strong, they will need a daily close below 209 otherwise bulls will come back strong.
.....
- #101,260
- Jul 16, 2008 5:34am Jul 16, 2008 5:34am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
I deffo agree....a possible bounce from here as very very strong support...it could as i mentioned earlier go to 208 but i will expect it to snap back up if it does...baby