I recommend you read something else as this sentence is now concluded.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #119,102
- Oct 4, 2008 7:13pm Oct 4, 2008 7:13pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
Maybe this could help.
Crucial moments in coming weeks for yen crosses and stox ofc.
above 260 yen crosses will fall down big time.
Personally i see bounce off to south but market will do what want to do
Crucial moments in coming weeks for yen crosses and stox ofc.
above 260 yen crosses will fall down big time.
Personally i see bounce off to south but market will do what want to do
- #119,103
- Oct 4, 2008 8:04pm Oct 4, 2008 8:04pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Maybe this could help.
Crucial moments in coming weeks for yen crosses and stox ofc.
above 260 yen crosses will fall down big time.
Personally i see bounce off to south but market will do what want to do
didn't some banks go down in Japan last week ?
I reckon you get your bounce south ......
Blogging daily now at www.volume.zone
- #119,104
- Oct 4, 2008 8:12pm Oct 4, 2008 8:12pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
u see, i'm getting confused the same way...
most yen pairs are signaling bottoms, GJ MIGHT have a double bottom pattern, but im not sure... 184 is not a value i was expecting for a bottom, and i don't think it is.
a trader here drew my attention to EJ... this sucker's weekly/monthly charts are signaling a bottom! same for euro and cable, AND the 161.8 extension for DJ (an exact hit).
GJ has a good bullish divergence on the daily/4h charts. BUT that's not confirmed yet.
i won't chicken out on my previous analysis. i'm shorting rallies, no matter how much i'm doubting this decision. i think the trend should prevale, and i think it's stronger than our analysis. even if i shorted a rally which ISN'T a top, i believe price wouldn't go far before coming back to my trade.
hope everyone's enjoying the weekend!!! GET SOME GOOD SLEEP!!! SLEEPING NEXT WEEK IS A BIG NO NO!
The monthly says we are just under the 61,8 and we all know that 100 pips in the gj monthly is neither here nor there
If we are to get a bounce this is the perfect place for it.
as I mentioned before this drove may not come from the UJ but purely through the GBPUSD . IF 1.7550 holds I have target 1000 pips and higher
have a great weekend lilmoe
Blogging daily now at www.volume.zone
- #119,105
- Oct 4, 2008 8:14pm Oct 4, 2008 8:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
u see, i'm getting confused the same way...
most yen pairs are signaling bottoms, GJ MIGHT have a double bottom pattern, but im not sure... 184 is not a value i was expecting for a bottom, and i don't think it is.
a trader here drew my attention to EJ... this sucker's weekly/monthly charts are signaling a bottom! same for euro and cable, AND the 161.8 extension for DJ (an exact hit).
GJ has a good bullish divergence on the daily/4h charts. BUT that's not confirmed yet.
i won't chicken out on my previous analysis. i'm shorting rallies, no matter how much i'm doubting this decision. i think the trend should prevale, and i think it's stronger than our analysis. even if i shorted a rally which ISN'T a top, i believe price wouldn't go far before coming back to my trade.
hope everyone's enjoying the weekend!!! GET SOME GOOD SLEEP!!! SLEEPING NEXT WEEK IS A BIG NO NO!
184.01 makes perfect sense ...... it is the 61.8 of a 1-2-3 sell on the monthly
Blogging daily now at www.volume.zone
- #119,109
- Oct 5, 2008 7:08am Oct 5, 2008 7:08am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I think you mean 186.90..
I would not focus on that price until the open at 4pm
Here is a weblink:
http://www.tenfore.com/markets.asp?symbol=GBPJPYLITEx
I would not focus on that price until the open at 4pm
Here is a weblink:
http://www.tenfore.com/markets.asp?symbol=GBPJPYLITEx
GJ seems to be going up.
CNN currency rate for GJ is 168.90...
http://money.cnn.com/data/currencies...tes/index.html
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- #119,110
- Oct 5, 2008 7:16am Oct 5, 2008 7:16am
I think you mean 186.90..
I would not focus on that price until the open at 4pm
Here is a weblink:
http://www.tenfore.com/markets.asp?symbol=GBPJPYLITEx
Lost...
- #119,114
- Oct 5, 2008 11:08am Oct 5, 2008 11:08am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Oanda has opened at 185.81
oanda has a downward gap for eur/usd, e/j, aud/jpy, G/U and geppy...
- #119,115
- Oct 5, 2008 11:50am Oct 5, 2008 11:50am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Direction is DOWN based on Weekly/Monthly
As long as price trades below the Daily gann hilo, just look down below..
Don't get distracted by smaller TF's, just my 2 cent
As long as price trades below the Daily gann hilo, just look down below..
Don't get distracted by smaller TF's, just my 2 cent
Trade what you see, not what you think.
