sell rallies 
Trade what you see, not what you think.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #109,943
- Sep 3, 2008 6:44am Sep 3, 2008 6:44am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
192.60 broken.. we should see 187.50
I recommend you read something else as this sentence is now concluded.
- #109,944
- Edited 7:42am Sep 3, 2008 7:05am | Edited 7:42am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #109,946
- Sep 3, 2008 8:34am Sep 3, 2008 8:34am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #109,947
- Sep 3, 2008 8:35am Sep 3, 2008 8:35am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #109,949
- Sep 3, 2008 10:04am Sep 3, 2008 10:04am
202.60/50 was the price that stopped the 1k pip bear that started at 213.90 so it should be pretty tough, and it was, now turned into resistance.
i guess my language was poor. "that's it for longs" means it's "over for longs" shorts would be in play.
we do have a 4h pin, but i'm not sure how significant it is. we had longer pins with no significance in the past.
i'm showing a lower TL of a falling wedge (which should mean reversal, but my gut feeling says it's not going to interrupt this downmove), and if it's broken to the downside on a 4h level, then we should shoot down to 199.78 then 198.
we have ALOT of support all the way from 204 to 198, afterwards there won't be any significant support till 192so if 198 (which also coincides with a fib fan) is broken with descent volume, that would be the easiest 500-600 pip short u'd ever make
good luck all!
- #109,955
- Sep 3, 2008 10:40am Sep 3, 2008 10:40am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
where have the bulls gone? still some here or not enough margin left to initiate new trades?
it is just a matter of time till S breaks. hit it too often and it becomes glass.
still sticking to what i said last week: 190 by the end of this week hopefully. then say hello to 186.
take into consideration that tomorrow we will see crude inventories. for this fact, we already had some major movements this week!
it is just a matter of time till S breaks. hit it too often and it becomes glass.
still sticking to what i said last week: 190 by the end of this week hopefully. then say hello to 186.
take into consideration that tomorrow we will see crude inventories. for this fact, we already had some major movements this week!
