if only it were that easy
I see 2 good upside targets using fib retracement confluences
151 and 152.2
Attachment
I took UCad short instead @1.2073 .. nice set up .. based on many of confluence of events.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #134,721
- Nov 11, 2008 6:34pm Nov 11, 2008 6:34pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I took UCad short instead @1.2073 .. nice set up .. based on many of confluence of events.
- #134,722
- Nov 11, 2008 6:38pm Nov 11, 2008 6:38pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #134,723
- Nov 11, 2008 6:42pm Nov 11, 2008 6:42pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
I tend to agree with you bro .. cool
But there is a possibility going straight to 154 w/o much retrace ..
- #134,724
- Nov 11, 2008 6:43pm Nov 11, 2008 6:43pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #134,725
- Nov 11, 2008 6:45pm Nov 11, 2008 6:45pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #134,726
- Nov 11, 2008 6:48pm Nov 11, 2008 6:48pm
Mission 151, is the daily pivot, from there i will look to go short again.
LOL.... your indicators names are always like this????
fuck_gj, bullshit, holyshit and you had one another....
lol.... very creative ..
- #134,728
- Nov 11, 2008 6:51pm Nov 11, 2008 6:51pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
LOL.... your indicators names are always like this????
fuck_gj, bullshit, holyshit and you had one another....
lol.... very creative ..
specially the f**k_gj ....lol
Blogging daily now at www.volume.zone
- #134,729
- Nov 11, 2008 6:51pm Nov 11, 2008 6:51pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
what is that i smell
intervention ?
nikkei down 2.7 % and uj going up
got to be intervention by BOJ
- #134,730
- Nov 11, 2008 6:51pm Nov 11, 2008 6:51pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
LOL.... your indicators names are always like this????
fuck_gj, bullshit, holyshit and you had one another....
lol.... very creative ..
- #134,731
- Nov 11, 2008 6:53pm Nov 11, 2008 6:53pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Let it be M. It would be the safest trade ever .. almost guaranteed win
I smell short off 150.5 though right now
Blogging daily now at www.volume.zone
- #134,732
- Nov 11, 2008 6:56pm Nov 11, 2008 6:56pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
It may pullback to the 4hr Gann for another opportunity for a short near 153.00 - 154.00 area.
Overall, the trend is bearish.. Many pullbacks for better short positions..
The 150 area was a major support area so pullback is expected after triggering the break thru that area...All we need is FEAR from the asian market tonite or bad news from london to confirm the continuation of the downtrend...
Asian equity markets are all currently lower ...
Follow your charts...
Friday is redemption day for many traders who want to cash out their investments..I think it is 45 days before the year over..If many investors pullout of mutual funds or other investments, it will get really ugly this friday or over the weekend...
Overall, the trend is bearish.. Many pullbacks for better short positions..
The 150 area was a major support area so pullback is expected after triggering the break thru that area...All we need is FEAR from the asian market tonite or bad news from london to confirm the continuation of the downtrend...
Asian equity markets are all currently lower ...
Follow your charts...
Friday is redemption day for many traders who want to cash out their investments..I think it is 45 days before the year over..If many investors pullout of mutual funds or other investments, it will get really ugly this friday or over the weekend...
Got a good short entry for me?
[
- #134,733
- Nov 11, 2008 6:57pm Nov 11, 2008 6:57pm
- Joined Nov 2007 | Status: Trader | 1,158 Posts
hehehe....i smell major breakout....today....
- #134,734
- Nov 11, 2008 6:59pm Nov 11, 2008 6:59pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #134,736
- Nov 11, 2008 7:02pm Nov 11, 2008 7:02pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #134,737
- Nov 11, 2008 7:02pm Nov 11, 2008 7:02pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
http://access.foreximpact.com/ct.htm...2qct,34xw,lqqd
Possible Breakout USD/JPY…
Possible Breakout USD/JPY…
hehehe....i smell major breakout....today....
[
- #134,739
- Nov 11, 2008 7:06pm Nov 11, 2008 7:06pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Hmmm... this move has me slightly perplexed ladies & gentlemen. The push down really looked like it was going to follow through, especially with the break down in USD/JPY.
However, the pair came back HARD demonstrating a pretty bad bear trap (luckily I'm just a cub right now). If we move higher from here, I honestly think 152.00 is a target... If that is taken out, we could be going much higher for the duration of the evening. Could 155.00 be back in play? I know it sounds almost crazy, but almost crazy turns sane more times than you'd bet.
The Dow had little liquidity today with the Holiday. Volumes were low across the board. When it looked like the Dow should have tanked, there really wasn't much follow through. I'm wondering if you don't rally tomorrow. Remember now move is completely fluid and we haven't seen a rally is awhile. Coming off the Holiday, some trader may be bargain hunting and we could push higher. Obviously this would be positive for Geppy longs.
I'm not trying to freak anyone out, nor am I suggesting a trade. I'm just trying to get everyone to think about all possibilities as anything can happen correct? I'm almost starting to favor this type of scenario and I think we'll know in Asia how things will play out.
Regardless, revisiting 155.00 would be a blast. I'd love to start shorting from those levels again
Geppy
However, the pair came back HARD demonstrating a pretty bad bear trap (luckily I'm just a cub right now). If we move higher from here, I honestly think 152.00 is a target... If that is taken out, we could be going much higher for the duration of the evening. Could 155.00 be back in play? I know it sounds almost crazy, but almost crazy turns sane more times than you'd bet.
The Dow had little liquidity today with the Holiday. Volumes were low across the board. When it looked like the Dow should have tanked, there really wasn't much follow through. I'm wondering if you don't rally tomorrow. Remember now move is completely fluid and we haven't seen a rally is awhile. Coming off the Holiday, some trader may be bargain hunting and we could push higher. Obviously this would be positive for Geppy longs.
I'm not trying to freak anyone out, nor am I suggesting a trade. I'm just trying to get everyone to think about all possibilities as anything can happen correct? I'm almost starting to favor this type of scenario and I think we'll know in Asia how things will play out.
Regardless, revisiting 155.00 would be a blast. I'd love to start shorting from those levels again
Geppy
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