Patience + Humility + Study = Success
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #108,781
- Aug 26, 2008 7:57pm Aug 26, 2008 7:57pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
- #108,783
- Aug 26, 2008 8:28pm Aug 26, 2008 8:28pm
i think g/u is heading south in the long run ,therefore i will take every chance of cable rising to add to my long term short position targeting 1.8100.
the beast looks nervous so no position is taken for geppy.
hope you all the best luck trading.
the beast looks nervous so no position is taken for geppy.
hope you all the best luck trading.
I always knew that someday I would make it big
- #108,784
- Aug 26, 2008 8:33pm Aug 26, 2008 8:33pm
i think g/u is heading south in the long run ,therefore i will take every chance of cable rising to add to my long term short position targeting 1.8100.
the beast looks nervous so no position is taken for geppy.
hope you all the best luck trading.
Price does what price wants , I just need to be prepared.
- #108,785
- Aug 26, 2008 8:42pm Aug 26, 2008 8:42pm
I agree the geppy follows a break out with the gbp/usd and then reverses because usd/jpy goes down so very very confused looking chart and price action on 5 min chart is wild wild wild....
hi PJKiller,
yes your right ,i think to trade G/J now is away too dangerous,cause as you just stated ,the price action is indirectional for both usd/jpy and the beast .
it seems the cable and us/jpy are failure this asian session to move the price of geppy in a directional way.
trade well
I always knew that someday I would make it big
- #108,787
- Aug 26, 2008 10:56pm Aug 26, 2008 10:56pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #108,789
- Aug 27, 2008 12:05am Aug 27, 2008 12:05am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Moe
Right now we're compressed btw the 110.00/110.25 failure area on the upside and the 109.50 bottom support/ema area usually such a squeeze busts out to the upside. If that happens we've got major resistance topside at around 110.65 which is the fibo off the move down from 124. I'm more inclined to think we'll retest 108 and eventually head down to 103. Thoughts?
<edit>
We just broke thru 109.50 at, sorry typo 109.40/38now
- #108,790
- Aug 27, 2008 12:09am Aug 27, 2008 12:09am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
could it be? Could it be? Wait I think it is the old...
http://www.worth1000.com/entries/281...1012DiKH_w.jpg
woke up to 70 green pips on a huge short, looool
took 1/4th profit, sl to b/e +10
let's see how this goes
- #108,791
- Aug 27, 2008 12:15am Aug 27, 2008 12:15am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
need a break of 201.16 and we will have some more down
- #108,792
- Aug 27, 2008 12:18am Aug 27, 2008 12:18am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
this should be massively explosive for UJ, we have the same CCI pattern that led GJ to fall 1500+ pips from 215.80 on the weeklies.
taking a look at the weekly line chart, if we maintain this level and lower for the end of the week, we might get an actual breakout of a weekly bearish flag.
mom says bearish divergence, so does MACD (although i think i see a h/s on MACD)
the big picture says DOWN fella's
good luck!
taking a look at the weekly line chart, if we maintain this level and lower for the end of the week, we might get an actual breakout of a weekly bearish flag.
mom says bearish divergence, so does MACD (although i think i see a h/s on MACD)
the big picture says DOWN fella's
good luck!
Its a damn strange day today, several times now we've seen quick sharp bounces upwards without warning. I had always considered the carries to be a risk based trade and its unwinding moved far quicker than its initial wind-up. Now the opposite seems true.
- #108,794
- Aug 27, 2008 12:20am Aug 27, 2008 12:20am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Hello traders, hope everybody is fine, Lilmoe how are you, where do I have to get the power of attorney to lounch the U.S.S Crapper, thanks in advance or you don't think we will see 200 today
The Chonchy
- #108,795
- Aug 27, 2008 12:29am Aug 27, 2008 12:29am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
it's just like u said bro. 108 then 103, then back to 105-106, then sub 100
Patience + Humility + Study = Success
- #108,796
- Aug 27, 2008 12:32am Aug 27, 2008 12:32am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
this should be massively explosive for UJ, we have the same CCI pattern that led GJ to fall 1500+ pips from 215.80 on the weeklies.
taking a look at the weekly line chart, if we maintain this level and lower for the end of the week, we might get an actual breakout of a weekly bearish flag.
mom says bearish divergence, so does MACD (although i think i see a h/s on MACD)
the big picture says DOWN fella's
good luck!
Attachment
- #108,797
- Aug 27, 2008 12:33am Aug 27, 2008 12:33am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
You see how price reacts below 109? Japanese desparately trying to stop the onslaught
- #108,799
- Aug 27, 2008 12:47am Aug 27, 2008 12:47am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
I was so excited that I blew 100k on Full Tilt Poker(play money of course) 
Patience + Humility + Study = Success
- #108,800
- Aug 27, 2008 12:47am Aug 27, 2008 12:47am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts