LONG LONG LONG
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #129,681
- Oct 31, 2008 10:38am Oct 31, 2008 10:38am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #129,682
- Oct 31, 2008 10:41am Oct 31, 2008 10:41am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
long the top?
- #129,683
- Oct 31, 2008 10:41am Oct 31, 2008 10:41am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
- #129,684
- Oct 31, 2008 10:43am Oct 31, 2008 10:43am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
still too early to judge. i have a hedged long from 155.80 where i closed most of my shorts. my latest short was stopped out after taking 80 pips of partial profit.
we have a bull flag on 1h, and a bear flag on 4h/daily, if the bullflag is broken and confirmed we might see the upper TL of the 4h bearflag and 78.6 of a 1-2-3 buy pattern.
chart: (blue areas are possible targets of either breakout), i'm starting to have doubts 139 will be taken out. but that doesn't mean if we breakout downwards we wont see a 1000-1500 pip drop back to anywere between 143 - 149
Attachment
1) the blue think line at the bottom is the lower TL of the monthly channel i was mentioning last week. it was pretty tough resistance, but now it's also pretty tough support.
2) after bouncing down from FE200, FE127.2 Held, and right now we're piercing through FE 161.8. we should see a retest of FE 161.2 as the lower wick of the next 4h candle, and that's where good long entries will reside. watch out for smaller TFs for refining your entries.
3) we have been fighting with a 78.6 fibo fan level. a good close above it suggest strong bullish momentum.
4) if we close successfully above 164.70 today or next week we should see FE 261.8 and that's our rendezvous point at 172.
i like it when things match up and "different" charts point at the same thing. that's how i get "double" confirmation of fibos and trendlines.
for those interested in my system:
the bearish HD on 4h has played out. the only way we should this start heading lower based on that HD is IF this CCI TL is broken and we at least get a good closing below the 0 line and continue to close below the -100 line. notice the example on the left and notice how price acted to the previous bearish HD on 4h. this is how i get more confirmation of midterm trend continuation on a particular TF. and the bigger the TF of course, the stronger the signal.
if the current 4h CCI value closes above the 100 line, we SHOULD see 172 and above. even if that CCI TL is broken, we NEED a closing below CCI levels first (0 and -100 lines).
chart:
- #129,686
- Oct 31, 2008 10:43am Oct 31, 2008 10:43am
Daily: QQE already crossed up. Retest 165 (recent high) means above gann. Close daily candle above 165, then PA will go higher. Upside move TPs are 168, 177 and 186.
4hr: QQE crossed up and above gann. if PA will keep above 1hr and 4hr 50ema, it may shoot up. However, PA may retrace lower. Downside retracement TPs are 158, 155 and 152.
Do not follow my trades. Trade what you see on your own charts.
Looks like GJ broke bearish channel to the upside
I have not failed. I've just found 10,000 ways that won't work -
- #129,689
- Oct 31, 2008 10:46am Oct 31, 2008 10:46am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #129,690
- Oct 31, 2008 10:47am Oct 31, 2008 10:47am
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #129,691
- Oct 31, 2008 10:48am Oct 31, 2008 10:48am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
how it volume of this push up?thin or big player in?
- #129,692
- Oct 31, 2008 10:49am Oct 31, 2008 10:49am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #129,693
- Oct 31, 2008 10:49am Oct 31, 2008 10:49am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
long the top?
be my guest!
- #129,694
- Oct 31, 2008 10:49am Oct 31, 2008 10:49am
Looks like GJ broke bearish channel to the upside
Have a good weekend everybody.
Do not follow my trades. Trade what you see on your own charts.
- #129,696
- Oct 31, 2008 10:52am Oct 31, 2008 10:52am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
- #129,697
- Oct 31, 2008 10:52am Oct 31, 2008 10:52am
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #129,699
- Oct 31, 2008 10:53am Oct 31, 2008 10:53am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
bears have no power added to long ~162 first target
