DislikedFor 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....TWTIgnored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #147,307
- Dec 8, 2008 9:45am Dec 8, 2008 9:45am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Based on the PA pullback ,the bounce from the 137.30 area is now a support atm...
I still believe the PA will rally to the 141.50 range, than it depends on this bailout to continue the rally...I still have my weekly and daily chart trendline holding near the 141.50 -142.00 range..
I still believe the PA will rally to the 141.50 range, than it depends on this bailout to continue the rally...I still have my weekly and daily chart trendline holding near the 141.50 -142.00 range..
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- #147,311
- Dec 8, 2008 9:48am Dec 8, 2008 9:48am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Whilst GJ has just dropped away from the 38 fibo at 138.15, I've not taken another sell whilst UJ holds above its 93 level.
IF GJ can get up and above the 61% at 138.64, then I'll consider a buy, preferably on a confirmation via a pull back to a rising 34 ema....otherwise I'm happy to stay flat and keep my hard earned pips in my bank....
IF GJ can get up and above the 61% at 138.64, then I'll consider a buy, preferably on a confirmation via a pull back to a rising 34 ema....otherwise I'm happy to stay flat and keep my hard earned pips in my bank....
Trading Levels with WRBs
- #147,314
- Dec 8, 2008 9:51am Dec 8, 2008 9:51am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Whilst GJ has just dropped away from the 38 fibo at 138.15, I've not taken another sell whilst UJ holds above its 93 level.
IF GJ can get up and above the 61% at 138.64, then I'll consider a buy, preferably on a confirmation via a pull back to a rising 34 ema....otherwise I'm happy to stay flat and keep my hard earned pips in my bank....
- #147,315
- Dec 8, 2008 9:52am Dec 8, 2008 9:52am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
1.30/1.31 should be toppy for that pair. . .
Long term = parity [1.03]
- #147,317
- Dec 8, 2008 9:59am Dec 8, 2008 9:59am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
yes, 1.2980 - 1.3040..
Long term = parity [1.03]
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...
- #147,319
- Dec 8, 2008 10:00am Dec 8, 2008 10:00am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #147,320
- Dec 8, 2008 10:02am Dec 8, 2008 10:02am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
No change to net orderflow
