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  • #147,281
  • Dec 8, 2008 9:04am Dec 8, 2008 9:04am
Quoting moneybookers
we are below h1 gann now,waiting for a test of h1 50ema@137
yes, since m30 cci is below the 0 line, 1h 50ema is what we should look for for now. but don't forget, the bearish HD on 4h's first target is 4h gann. even if we get a bounce from 1h 50ema, we should ultimately visit 4h gann. and a close below that we go DOWN.
  • #147,282
  • Dec 8, 2008 9:08am Dec 8, 2008 9:08am
DOW is rallying on what basis?
  • #147,283
  • Dec 8, 2008 9:10am Dec 8, 2008 9:10am
Quoting lilmoe
yes, since m30 cci is below the 0 line, 1h 50ema is what we should look for for now. but don't forget, the bearish HD on 4h's first target is 4h gann. even if we get a bounce from 1h 50ema, we should ultimately visit 4h gann. and a close below that we go DOWN.
Still the play between the EMAS, is very nice. almost like Waltz.
Thanks for the TIP bro ..
  • #147,284
  • Dec 8, 2008 9:18am Dec 8, 2008 9:18am
Quoting vinesh2
DOW is rallying on what basis?
i shorted so dow rally.
  • #147,285
  • Dec 8, 2008 9:19am Dec 8, 2008 9:19am
just a note - the DOW is up about 200 points. does a mean something. i think so.
  • #147,286
  • Dec 8, 2008 9:20am Dec 8, 2008 9:20am
Quoting Piters
Still the play between the EMAS, is very nice. almost like Waltz.
Thanks for the TIP bro ..
no problem bro. it's all in my system. that's how i know which 50ema will hold and which wont

we are below 61.8 fibo of today's move up, and 1h 50ema is 78.6 fibo

m30 50 is just in between, and when cci closes below/above a level when price is close or touching 50ema, know that 50ema of that TF will likely NOT hold or at least be pierced through. that gives u a better idea of where ur entry will be.

we have close below the m15 ascending trendline, and going long for a "false breakout" is risky unless CCI says it's false by bouncing from a level and gann confirming afterwards. also HD plays a very viable role.
  • #147,287
  • Dec 8, 2008 9:23am Dec 8, 2008 9:23am
Looks like a classic bear trap to me. . . Price will close above 141 headed to 143 before a significant dip to the lower lows is seen. . . NY hasn't got in on the upmove fun yet - right now what we are seeing is option expire going thru the market once this is cleared this pair will shoot up like a rocket.

JMHO of course. . . 137.50 was a test of support, it was resistance before now it should be good support. . .
  • #147,288
  • Dec 8, 2008 9:23am Dec 8, 2008 9:23am
For me, until GJ breaks down below 136 I'm only viewing this as a retrace in a rally - nice though it is, with regular sell signals off my 5 min chart.

Here, we have a green spinning top on reasonable volume at the 37.50 level and 100 ema, so I've closed my shorts and am waiting to see IF we get a bounce up out of the DZ and then up out of the down channel....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: dec 8 gj 15m 1615.gif Size: 19 KB
Trading Levels with WRBs
  • #147,289
  • Dec 8, 2008 9:24am Dec 8, 2008 9:24am
Short at 138
TP DP
  • #147,290
  • Dec 8, 2008 9:26am Dec 8, 2008 9:26am
You are right about the options expire...I am waiting for the London fix at 11am for confirmation for continuation rally toward the 141-142.00 range.




Quoting quecee5
Looks like a classic bear trap to me. . . Price will close above 141 headed to 143 before a significant dip to the lower lows is seen. . . NY hasn't got in on the upmove fun yet - right now what we are seeing is option expire going thru the market once this is cleared this pair will shoot up like a rocket.

JMHO of course. . . 137.50 was a test of support, it was resistance before now it should be good support. . .
[
  • #147,291
  • Dec 8, 2008 9:26am Dec 8, 2008 9:26am
Quoting lilmoe
no problem bro. it's all in my system. that's how i know which 50ema will hold and which wont

we are below 61.8 fibo of today's move up, and 1h 50ema is 78.6 fibo

m30 50 is just in between, and when cci closes below/above a level when price is close or touching 50ema, know that 50ema of that TF will likely NOT hold or at least be pierced through. that gives u a better idea of where ur entry will be.

we have close below the m15 ascending trendline, and going long for a "false breakout" is risky unless CCI says it's false by bouncing...
Bro I combine, your system with my FE system. My weak part are HD, but even so, from London on I am Up 331pips, and there are more to come..
  • #147,292
  • Dec 8, 2008 9:29am Dec 8, 2008 9:29am
Usually safe to trade short when both CCI 6 and CCI 14 are below zero and vica versa for long. Take profit on a stall but if CCI 6 goes above zero don't re-enter short until it crosses down again. If they both go above zero start trading long.......keeps u out of too much trouble...
Attached Image (click to enlarge)
Click to Enlarge Name: fx charts.gif Size: 20 KB
  • #147,293
  • Dec 8, 2008 9:30am Dec 8, 2008 9:30am
Quoting rgitt05
You are right about the options expire...I am waiting for the London fix at 11am for confirmation for continuation rally toward the 141-142.00 range.

after london fixing gbpjpy will go up ?
  • #147,294
  • Dec 8, 2008 9:31am Dec 8, 2008 9:31am
If price gets back above 138.20 area 143 will be seen before the NY session closes today. . . 138.20 is daily R1, back above it and 142.50 is my 1st TP!
  • #147,295
  • Dec 8, 2008 9:32am Dec 8, 2008 9:32am
Quoting quecee5
Looks like a classic bear trap to me. . . Price will close above 141 headed to 143 before a significant dip to the lower lows is seen. . . NY hasn't got in on the upmove fun yet - right now what we are seeing is option expire going thru the market once this is cleared this pair will shoot up like a rocket.

JMHO of course. . . 137.50 was a test of support, it was resistance before now it should be good support. . .

aye cov ered all shorts, net long avg 37.75
and cable 4800
"Millionaires don't use astrology, billionaires do"
  • #147,296
  • Dec 8, 2008 9:32am Dec 8, 2008 9:32am
Quoting Islander
For me, until GJ breaks down below 136 I'm only viewing this as a retrace in a rally - nice though it is, with regular sell signals off my 5 min chart.

Here, we have a green spinning top on reasonable volume at the 37.50 level and 100 ema, so I've closed my shorts and am waiting to see IF we get a bounce up out of the DZ and then up out of the down channel....TWT
true, a close below today's low is very important. but i'll hold on to my shorts as we are below 1h gann now.

a bearish HD on the 4h chart should play out first, and if we close below 4h gann say bye bye to longs.

i believe we need a test of 1h 50ema before and IF we bounce upwards.

i will hedge my short with a long if we close above m15 gann and above the ascending trendline on your chart. maybe i'll even wait for a close above 139 again.
  • #147,297
  • Dec 8, 2008 9:35am Dec 8, 2008 9:35am
Waiting on the London fix at 11am and PA above the 15min Gann...



Quoting fesi1
after london fixing gbpjpy will go up ?
[
  • #147,298
  • Dec 8, 2008 9:35am Dec 8, 2008 9:35am
Quoting bigcoupe
Short at 138
TP DP
Funny. Can't we have a convergence of views. this is yechnical, and we getting similar or close results, hence opinion. Maybe we should allow the gurus to make the calls, while we the newbies continue to learn from them until we become like them. thanks.
  • #147,299
  • Dec 8, 2008 9:35am Dec 8, 2008 9:35am
Quoting quecee5
Looks like a classic bear trap to me. . . Price will close above 141 headed to 143 before a significant dip to the lower lows is seen. . . NY hasn't got in on the upmove fun yet - right now what we are seeing is option expire going thru the market once this is cleared this pair will shoot up like a rocket.

JMHO of course. . . 137.50 was a test of support, it was resistance before now it should be good support. . .
I agree, we should be moving higher as long as price remains above 4h gann
Trade what you see, not what you think.
  • #147,300
  • Dec 8, 2008 9:36am Dec 8, 2008 9:36am
The daily may play out 1st and it looks very bullish = Daily gann sitting right at 143.58. . .
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