Get Ready For A 200+ Pip Fall 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #105,982
- Aug 7, 2008 5:15am Aug 7, 2008 5:15am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Get Ready For A 200+ Pip Fall
- #105,986
- Aug 7, 2008 5:23am Aug 7, 2008 5:23am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #105,989
- Aug 7, 2008 5:26am Aug 7, 2008 5:26am
What level you consider significant for selling geppy at best price?
but still no pending orders for that, i just want to be careful
what do you think? might be, to get 215.7 or so ?
- #105,990
- Aug 7, 2008 5:34am Aug 7, 2008 5:34am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
i think we could get 214.30-50 first.
but still no pending orders for that, i just want to be careful
what do you think? might be, to get 215.7 or so ?
Cheers
- #105,992
- Aug 7, 2008 5:38am Aug 7, 2008 5:38am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
my tots excately...GJ is boriiiing...baby
Discipline + Patience - Fear - Greed = Success
- #105,993
- Aug 7, 2008 5:42am Aug 7, 2008 5:42am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
i will believe in shorts only when i see the supporting daily trend line broken. i said it a couple of times already... from my point of view, we must assume we are in an uptrend until proven otherwise. and so far, i haven't seen any signs that a downtrend has begun.
yes, weekly chart suggest that a nice drop is coming. whether it will be only a retracement to 201 area or a continuation to below 192, remains to be seen. but we're talking about weekly chart and this takes a LOT of time to mature. do you dare taking trades on g-j using weekly chart??? i don't... daily and 4h are enough for me.
here are the charts.
and by the way, london closed and pushed it higher. i don't think it will go below 212.40 until tomorrow...
and doubt for a clear trend maybe even i look in yearly chart
