Patience + Humility + Study = Success
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #148,021
- Dec 10, 2008 12:18pm Dec 10, 2008 12:18pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
- #148,022
- Dec 10, 2008 12:18pm Dec 10, 2008 12:18pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #148,023
- Dec 10, 2008 12:19pm Dec 10, 2008 12:19pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Hmm...141 what say you?
- #148,024
- Dec 10, 2008 12:21pm Dec 10, 2008 12:21pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
- #148,028
- Dec 10, 2008 12:22pm Dec 10, 2008 12:22pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Both GU and UJ looks bullish this PA so far may break to the level 141....
It depends on the 2pm budget...
It depends on the 2pm budget...
than I have the 141 range the next strong resistance on the 1hr GJ chart..
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- #148,030
- Dec 10, 2008 12:24pm Dec 10, 2008 12:24pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Now all we need a some BS bailout news to help propel this pair up to the moon only to see it sold off again. . .
exactly@Que I'm writinglea my congressman and senator now to release more bailout crap lol
Patience + Humility + Study = Success
- #148,032
- Dec 10, 2008 12:26pm Dec 10, 2008 12:26pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
- #148,034
- Dec 10, 2008 12:28pm Dec 10, 2008 12:28pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
calling white house..... give me a sec....
- #148,035
- Dec 10, 2008 12:29pm Dec 10, 2008 12:29pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #148,036
- Dec 10, 2008 12:32pm Dec 10, 2008 12:32pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hi guys,
Glad to see it's not just me who's found today a little tricky on GJ. Really weird PA going on since New York open with that rising wedge that just keeps grinding on up - I'm staying out until tomorrow.
It'll probably drop like a stone now I've given up trying to short it lol.
Steve
Glad to see it's not just me who's found today a little tricky on GJ. Really weird PA going on since New York open with that rising wedge that just keeps grinding on up - I'm staying out until tomorrow.
It'll probably drop like a stone now I've given up trying to short it lol.
Steve
- #148,037
- Dec 10, 2008 12:37pm Dec 10, 2008 12:37pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Can u please tell them to get on with it will ya????
otherwise, we are going to short the hell out of it, and it's not good for global economy.
- #148,038
- Dec 10, 2008 12:40pm Dec 10, 2008 12:40pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
ّFrom my observations UJ is most likely to stop around 93.20 area. It is a important region. 93.20 is %61.8 fib retrace and confluence of TL's.
If UJ breaches that area, 93.50 and most likely previous high (93.90) will be revisited but if rejected then the first down target could be 92.20 which is the LTL on 30M chart.
For GU I see it nearing %61.8 fib retrace area too which rests at 1.4905 but if GU is able to pass this area convincingly then nothing can stop it from revisiting 1.5045 (last high) but if rejected this could drive GU down to first 1.4677 and then 1.4536 as the probable second target.
All of these are based on simple TL analysis. The bearish RSI divergences on 30M chart and H1 strengthens my view of higher probability for retrace with these pairs to the down side.
I'm short from 138.30 (activated sell limit) based on this level being a major support which turned to resistance now. My stop is at 138.70.
Let's see how it plays out.
Cheers
If UJ breaches that area, 93.50 and most likely previous high (93.90) will be revisited but if rejected then the first down target could be 92.20 which is the LTL on 30M chart.
For GU I see it nearing %61.8 fib retrace area too which rests at 1.4905 but if GU is able to pass this area convincingly then nothing can stop it from revisiting 1.5045 (last high) but if rejected this could drive GU down to first 1.4677 and then 1.4536 as the probable second target.
All of these are based on simple TL analysis. The bearish RSI divergences on 30M chart and H1 strengthens my view of higher probability for retrace with these pairs to the down side.
I'm short from 138.30 (activated sell limit) based on this level being a major support which turned to resistance now. My stop is at 138.70.
Let's see how it plays out.
Cheers
Discipline + Patience - Fear - Greed = Success
- #148,039
- Dec 10, 2008 12:41pm Dec 10, 2008 12:41pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #148,040
- Dec 10, 2008 12:42pm Dec 10, 2008 12:42pm
- | Joined Nov 2007 | Status: Trader | 1,839 Posts
Hi guys,
Glad to see it's not just me who's found today a little tricky on GJ. Really weird PA going on since New York open with that rising wedge that just keeps grinding on up - I'm staying out until tomorrow.
It'll probably drop like a stone now I've given up trying to short it lol.
Steve
would you f****** believe it just threw the pc out the window
i take that back closed my short with a loss just bs today
see you guys at asia - come on the gunners !