have a great weekend everyone.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #162,881
- Feb 27, 2009 3:07pm Feb 27, 2009 3:07pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
- #162,883
- Feb 27, 2009 3:48pm Feb 27, 2009 3:48pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
probably will see a (50-70 pip) drop before the close back under 138.80 area.
Have a great weekend everyone!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #162,884
- Edited 9:13am Feb 28, 2009 8:39am | Edited 9:13am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Three times this year the GJ PA tested the 141.50-60 zone on the 4hr chart and daily chart ...REJECTED!!!
Can this be the top for March ???
I see a pullback to the Green TL 135.00 zone this sunday or monday..
It may consolidate until the GU rate decision on Thurday 3/5/09
Good Luck!!
Can this be the top for March ???
I see a pullback to the Green TL 135.00 zone this sunday or monday..
It may consolidate until the GU rate decision on Thurday 3/5/09
Good Luck!!
[
- #162,886
- Feb 28, 2009 9:25am Feb 28, 2009 9:25am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I am sorry Bren, I never posted without attachment. I hope someone can tell you on this FF board.. I know more about trading than using this FF board...LOL
Pullback is expected as I stated on my last post
Have a nice weekend..
Pullback is expected as I stated on my last post
Have a nice weekend..
Good Morning rgitt05,
Can you tell me how to post a chart without posting it as an attachment.?
Thanks in advance.
Bren
[
- #162,890
- Feb 28, 2009 12:33pm Feb 28, 2009 12:33pm
I trade what I see on my charts.
Do Not listen to the Muppets.
- #162,894
- Feb 28, 2009 4:08pm Feb 28, 2009 4:08pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #162,896
- Edited Mar 1, 2009 5:41am Feb 28, 2009 5:49pm | Edited Mar 1, 2009 5:41am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Hi pkimnyc,
IMHO, I believe we will have a pullback before the continuation upward bias..
Based on my 4hr chart, I see a pullback after three exhausted attempts to break the 141.60 zone since the beginning of the year..
This past week, the PA made a double top and failed.. Now with the negative bias from the fundamentals, I see the PA will test the lower TL(green line) or the intercept of the red and green TL ,and also test the 200ema...The 50ema(greenline) crossed over the 200ema(redline) so the bias is bullish... After this PA rejection at the 141.50 zone, the pullback is expected and the fall will test the lower TL again..
In the long term view(daily chart), I see the PA heading to the 165-170 zone (50% retracement) near the 200ema (redline). At that point, I feel the PA will fall again and test the lows and head for a new low based on the fundamentals set in place..My past experience with GJ is 50% seem to be a repeated retracement on the daily chart..
Good Luck..
I hope this help the newbies ...
This week, the GU rate decision this thursday will probably be the pivot for the bullish or bearish bias...Technically, GU looks bearish atm and it may bounce off the 1.4050-1.4100 zone...UJ is favor of bullish continuation but will have pullback before another run upward..
These next couple days will probably be consolidation before a breakout for the start of March...
IMHO, I believe we will have a pullback before the continuation upward bias..
Based on my 4hr chart, I see a pullback after three exhausted attempts to break the 141.60 zone since the beginning of the year..
This past week, the PA made a double top and failed.. Now with the negative bias from the fundamentals, I see the PA will test the lower TL(green line) or the intercept of the red and green TL ,and also test the 200ema...The 50ema(greenline) crossed over the 200ema(redline) so the bias is bullish... After this PA rejection at the 141.50 zone, the pullback is expected and the fall will test the lower TL again..
In the long term view(daily chart), I see the PA heading to the 165-170 zone (50% retracement) near the 200ema (redline). At that point, I feel the PA will fall again and test the lows and head for a new low based on the fundamentals set in place..My past experience with GJ is 50% seem to be a repeated retracement on the daily chart..
Good Luck..
I hope this help the newbies ...
This week, the GU rate decision this thursday will probably be the pivot for the bullish or bearish bias...Technically, GU looks bearish atm and it may bounce off the 1.4050-1.4100 zone...UJ is favor of bullish continuation but will have pullback before another run upward..
These next couple days will probably be consolidation before a breakout for the start of March...
your long scenario might play out good.
[
- #162,898
- Edited 9:27pm Feb 28, 2009 7:38pm | Edited 9:27pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Hi pkimnyc,
IMHO, I believe we will have a pullback before the continuation upward bias..
Based on my 4hr chart, I see a pullback after three exhausted attempts to break the 141.60 zone since the beginning of the year..
This past week, the PA made a double top and failed.. Now with the negative bias from the fundamentals, I see the PA will test the lower TL(green line) or the intercept of the red and green TL ,and also test the 200ema...The 50ema crossed over the 200ema so the bias is bullish... After this PA rejection...
my bias was drop from double top we had on thursday, but ended up as a bullish engulfing or morning star in monthly chart. in either case, i agree with the pull back.
- #162,900
- Mar 1, 2009 5:53am Mar 1, 2009 5:53am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
thanks for confirming that as i am still holding shorts from last friday.
my bias was drop from double top we had on thursday, but ended up as a bullish engulfing or morning star in monthly chart. in either case, i agree with the pull back.
Bearish continuation pattern. ( Bearish Triangle)
Markets are not Random, they are designed!