i'm closing my GJ shorts if this day closes like this (Doji)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #106,461
- Aug 11, 2008 4:39am Aug 11, 2008 4:39am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #106,463
- Aug 11, 2008 5:32am Aug 11, 2008 5:32am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
wot a boring day..to think it all started well.....
can't stay aware....ne--ed to...st--ay--a--w-ake..baby
can't stay aware....ne--ed to...st--ay--a--w-ake..baby
- #106,465
- Aug 11, 2008 6:31am Aug 11, 2008 6:31am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
completely agree 
.
i would focus on 1.43/42, since 1.48 is so close and i can't see any signs of reversal. i think it has more room to go down, especially if ECB are not doing anything and fed starts increasing the interest rate again.
but we'll see.
there should be a retracement to 1.54 area and then another round down from there.
.i would focus on 1.43/42, since 1.48 is so close and i can't see any signs of reversal. i think it has more room to go down, especially if ECB are not doing anything and fed starts increasing the interest rate again.
but we'll see.
there should be a retracement to 1.54 area and then another round down from there.
potential long term bottoms for euro.
1) the current level.
2) 1.43xx
3) 1.33-37 (hardly, but will be revised if we reach there in 3-4 months (end of the year)
Attachment
Nihil Sine Deo.
- #106,466
- Aug 11, 2008 7:25am Aug 11, 2008 7:25am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
completely agree
i would focus on 1.43/42, since 1.48 is so close and i can't see any signs of reversal. i think it has more room to go down, especially if ECB are not doing anything and fed starts increasing the interest rate again.
but we'll see.
there should be a retracement to 1.54 area and then another round down from there.
23.6 retracement of the drop from 1.6 is 1.518x and 38.2 is 1.534x area which is also a good S/R level where price had a very hard time breaking as support. if we reach the latter i'll short from there and will add more shorts if we go up more. that should be a really nice trade
- #106,468
- Aug 11, 2008 9:39am Aug 11, 2008 9:39am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #106,471
- Aug 11, 2008 10:34am Aug 11, 2008 10:34am
- Joined Aug 2007 | Status: Jamaica | 1,069 Posts
...I wonder if the daily sma low was the highest point for the day. Notice the previous daily candlesticks. But note also we are at the monthly 50 fib now.
- #106,472
- Aug 11, 2008 11:49am Aug 11, 2008 11:49am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #106,473
- Aug 11, 2008 12:57pm Aug 11, 2008 12:57pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #106,474
- Aug 11, 2008 12:59pm Aug 11, 2008 12:59pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
chart:
- #106,476
- Aug 11, 2008 1:10pm Aug 11, 2008 1:10pm
- | Joined Oct 2007 | Status: Trader | 1,236 Posts
"Timing Is Everything. Really I Swear It Is"
- #106,478
- Aug 11, 2008 3:19pm Aug 11, 2008 3:19pm
- Joined Nov 2007 | Status: beginner | 7,828 Posts
nice!
have a more green pips for you dear bro
but attention whether with break 1.5000 we can see a up trend