interesting pull back.....my take is we go side ways... so looking at possible range between 138 - 141....baby
i;m not hedging my position but moved my SL from +1 139 to just under 138
still bullish until trend breaks..baby
Collecting pips
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #162,641
- Feb 26, 2009 8:46pm Feb 26, 2009 8:46pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #162,644
- Feb 26, 2009 9:52pm Feb 26, 2009 9:52pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
let's see how it plays out. 
looks like strong rejection from 141.50 to me.
looks like strong rejection from 141.50 to me.
let's see how it plays out.
looks like strong rejection from 141.50 to me.
hey i was looking at that also on h4 would that be considered a good double top formation as well? or looking back is it valid to say triple top from back on 1/7/09? if its triple top then it might be gearing up for a break past it? and thoughts?
Is anyone else thinking this is head and shoulder on H1 and price will fall until it hits 200MVA at around 136?
im not sure if i see the pert plus your talking about on 1h could you post a chart possibly?
i checked couldnt see one. but right now im looking at that rising LTL in the 13750-13800 area
- #162,648
- Feb 26, 2009 10:10pm Feb 26, 2009 10:10pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
let's see how it plays out.
looks like strong rejection from 141.50 to me.
double top, maybe, but there is another area to clear before down move to resume. 139 was a strong resistance (also 4 hr gann is blocking the passage), now turned to support.
once clear that area, we will see price moving further down. if bounced, then we might say hello to 144 or 145 zone.
ummm 144 and up would be nice. ive been trading gu mostly this week, im hoping to hop back on the geppy track for whatever unfolds. tonight/tomorrow. thanks for the response
definitely keeping an eye on everything hoping to catch one last trade to close out the weekend. @lifeisgood: thanks for the chart and the input
- #162,653
- Feb 26, 2009 10:25pm Feb 26, 2009 10:25pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
ummm 144 and up would be nice. ive been trading gu mostly this week, im hoping to hop back on the geppy track for whatever unfolds. tonight/tomorrow. thanks for the response
@lifeisgood: thanks for the chart and the input
- #162,654
- Feb 26, 2009 11:09pm Feb 26, 2009 11:09pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
let's see how it plays out.
looks like strong rejection from 141.50 to me.
strong will be when we see professional selling .... right now this looks to me to be a low volume test of the market based on some JPY good news ...
we did not even touch the 38% retracement , and did not get a 30 min close under 139 .
all the move down in asia has done is to make the pair more enticing for the buyers.
there are signs of buyng on the ES last 4 days ...... something to be aware of
138 is the last pivot low on a 4 hour. If we get a 4 hour close under that then maybe the trend is starting to change ...
60 min looks like we will get another test of 140 / 141...maybe later during London
138.,80 is the number to be broken for the 1-2-3 buy formation to be invalid
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- #162,656
- Feb 26, 2009 11:32pm Feb 26, 2009 11:32pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
