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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #161,761
- Feb 22, 2009 11:09pm Feb 22, 2009 11:09pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
- #161,762
- Feb 22, 2009 11:16pm Feb 22, 2009 11:16pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
watching the 1.4800 gu for target and 137 min for gj
- #161,763
- Feb 22, 2009 11:19pm Feb 22, 2009 11:19pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #161,764
- Feb 22, 2009 11:19pm Feb 22, 2009 11:19pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #161,765
- Feb 22, 2009 11:37pm Feb 22, 2009 11:37pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
i guess we will find out this week how this plays out. . . look at 1hr & 4hr chart GJ has been basing ar'd the 133-134.50 for several hrs and looks like price wants to go higher. . .. so if 137 is taken out next logical target is 140-141 where there will be a double top on the daily unless it breaks higher to 148.
JMHO - right now too risky to take the trade cause price could also get rejected and break lower to 129 -126 area as well. . . could go either way.
141.80 is a Weekly Fibo 23.6. Nice target
.
- #161,766
- Feb 22, 2009 11:54pm Feb 22, 2009 11:54pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
141.80 is a Weekly Fibo 23.6. Nice target
- #161,767
- Feb 23, 2009 12:09am Feb 23, 2009 12:09am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
looks like yen and dollar being sold so we should see yen crosses and EU go higher and pairs like usd/chf take a nose dive. . .
Closed other half of my GJ position for a total pip gain of 375 pips from today and last week. already up EU 300 pips - what a way to start of the week!
- #161,768
- Feb 23, 2009 12:17am Feb 23, 2009 12:17am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Looks like it will be a good week - I can feel it!
- #161,769
- Feb 23, 2009 12:27am Feb 23, 2009 12:27am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
Looks like it will be a good week - I can feel it!
So far no suprises
- #161,770
- Feb 23, 2009 12:29am Feb 23, 2009 12:29am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Yeah hope so
So far no suprises
- #161,773
- Feb 23, 2009 1:17am Feb 23, 2009 1:17am
so should i be trading g/j or e/u today?
im still kicking myself over missing all the big moves from earlier
I am trading EU with that nice upward trend.
History is written by the victors.
- #161,774
- Feb 23, 2009 1:18am Feb 23, 2009 1:18am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
so should i be trading g/j or e/u today?
im still kicking myself over missing all the big moves from earlier
Trade what you see, not what you think.
- #161,775
- Feb 23, 2009 1:19am Feb 23, 2009 1:19am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
so should i be trading g/j or e/u today?
im still kicking myself over missing all the big moves from earlier
I'm trading EU simply because it was due for an upside correction but I got in on Friday ar'd 1.2650 area simply because I spotted a classic bullish wolf wave on the chart that is now playing out.
I was in a GJ trade short @ 136 area but closed 1/2 out on thursday at 133 area and closed the other half today on the run down to 134.50 area. saw support there and a possible upside wave forthcoming that's playing out right now.
neverthless - if EU breaks the upper resistance at 1.2980 area and base there then 1.31/1.32 will be the next target. I'll then look for it to pull back to ar'd 130 and base there to break the 1.3090 resistance for the next upside wave at 1.34/1.36 area. . .
as for GJ its a bit risky to take a trade now as there is resistance up at 136.40/137 area. . . if u must take a trade I would wait for a break of that resistance and for it to base in that area to take a trade. I see GJ reaching 140/141 area once it clears and base up there. . .
But trade your chart and what u see. . .
your call bro. . .
I'm trading EU simply because it was due for an upside correction but I got in on Friday ar'd 1.2650 area simply because I spotted a classic bullish wolf wave on the chart that is now playing out.
I was in a GJ trade short @ 136 area but closed 1/2 out on thursday at 133 area and closed the other half today on the run down to 134.50 area. saw support there and a possible upside wave forthcoming that's playing out right now.
neverthless - if EU breaks the upper resistance at 1.2980 area and base there then 1.31/1.32...
- #161,778
- Feb 23, 2009 1:26am Feb 23, 2009 1:26am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
i decided on e/u for this session. the g/j spreads are a little wider than usual
good luck in your trade!
- #161,780
- Feb 23, 2009 1:34am Feb 23, 2009 1:34am
- | Joined Jun 2007 | Status: full-time trader wannabe | 975 Posts
i decided on e/u for this session
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