Money & Pain
Respect the market, protect your capital, be patient
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #101,822
- Jul 17, 2008 3:08pm Jul 17, 2008 3:08pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
time will tell, letīs both make PIPS
- #101,823
- Jul 17, 2008 3:10pm Jul 17, 2008 3:10pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #101,830
- Jul 17, 2008 3:20pm Jul 17, 2008 3:20pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Peaches, your chart and mine are q similar, why don't you think cable is going down to the lower channel, given the daily pin is yet to play out and there's bearish divergence on the daily??
I'm short, here's why:
The price break up through a former resistance zone.
I draw a fibo-line from 1,9639 to 2.0156, the retracement today was
stopped at a fibo level. This is now a profen resistance. But Iīam not sure,
if yesterday and today count as 2 attacks of this defended resistance.
IF so, gbp/usd will explode next UP. Read james16 for this.
Sorry, got nothing to do with gann.
- #101,831
- Jul 17, 2008 3:21pm Jul 17, 2008 3:21pm
Earnings reports; IBM, Microsoft, Merrill Lynch and to top it all off. The SEC is going to announce the EXACT requirements for its new short selling rule that goes into effect on Monday. Funny it only applies to the TOP financial firms in the world and Fannie and Freddie.
So much for "free" markets. LOL
Oh, just my 2 cents but I believe we have seen the high on G/Y for a while.
Look at Malcolmbs last post........look at last July.
So much for "free" markets. LOL
Oh, just my 2 cents but I believe we have seen the high on G/Y for a while.
Look at Malcolmbs last post........look at last July.
- #101,835
- Jul 17, 2008 3:33pm Jul 17, 2008 3:33pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
daily pivot-point: here I come !! 
- #101,836
- Jul 17, 2008 3:35pm Jul 17, 2008 3:35pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #101,837
- Jul 17, 2008 3:36pm Jul 17, 2008 3:36pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
daily pivot-point: here I come !!
- #101,838
- Jul 17, 2008 3:38pm Jul 17, 2008 3:38pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
WTF Just happened a 50+ PIP Drop in seconds then recovered ...
jeezus christ ..
-powered
u know he's new to GJ!!bro, welcome to GJ Awakened! where did u think the name "beast" came from? did u ever see it drop 300+pips in five mins?
- #101,839
- Jul 17, 2008 3:49pm Jul 17, 2008 3:49pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
That's the regular bearish divergence I'm talking about, the daily pin is from Monday/Tuesday, still hasn't been triggered/invalidated.
In my admittedly limited experience Cable respects its channels, so its going down to 1.97 b4 it goes up again, imvho
middle of a trend.
I put my SL 1.9930, yourīs 2,016 ?
My target is above 2,046
a home run for the cable at the moment.
- #101,840
- Jul 17, 2008 3:55pm Jul 17, 2008 3:55pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
I've buy order at 208 I'm ready this time
i'm bullish biased. have been so for weeks. the FALL will come, it will be VERY terrifying you have no idea, history will be made, we might be part of that history, i asked a graphics designer to make some adjustments on my crapper for that post i will make when we reach the top. but the top is not 213.90, trust me on this one too. We SHOULD have a dip, it might be a nice 300 pip dip, but only for this to reverse again and slash out each and every freagin point of resistance that held for months. and after it's done, the big boys will also be done. i will post the new and enhanced crapper when that happens.
BUT if we go below 208, i'll post my usual crapper.
time will tell. let's make history together fella's
