Dislikedclose all shorts on the run down for now. . . gj failed to put in a lower low at this point so I'm sitting on the sidelines for now didn't like the PA so far this a.m.
the daily support at 55 ema is what concerns me - will watch PA to see where it takes us. also, that higher low is looming so until it breaks and we get a daily clse below 55 ema sideline it is!
There are better set-up on other pairs developing nicely such as EU - double bottom so I'll look to them in ther interim!Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #163,462
- Mar 3, 2009 6:37am Mar 3, 2009 6:37am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #163,464
- Mar 3, 2009 7:17am Mar 3, 2009 7:17am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #163,465
- Mar 3, 2009 7:18am Mar 3, 2009 7:18am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
As may turn back to at least 38.2% area ~ 136.40
I enter small short with chages TP@ 136.60 ...maybe another 2.5hrs may seem clear picture lol..
I enter small short with chages TP@ 136.60 ...maybe another 2.5hrs may seem clear picture lol..
- #163,467
- Mar 3, 2009 7:24am Mar 3, 2009 7:24am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
target levels for the sell day today, and final rally into the short sell day tomorrow
- 
- #163,469
- Mar 3, 2009 7:34am Mar 3, 2009 7:34am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
looks like today is the buy day atm - 2morrow sell day and thursday buy it all over again -
My 1H chart:
- Double top
- Upper TL
- Gann4h = 138.57
- WPP = 138.40
tight SL and nice R:R
- #163,470
- Mar 3, 2009 7:35am Mar 3, 2009 7:35am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
looks like today is the buy day atm - 2morrow sell day and thursday buy it all over again -
no they buy declining markets and then put the sel offer into the bid as it gets bid up tommorrow will be final offer
"Millionaires don't use astrology, billionaires do"
- #163,471
- Mar 3, 2009 7:42am Mar 3, 2009 7:42am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
no they buy declining markets and then put the sel offer into the bid as it gets bid up tommorrow will be final offer
ahhhhhhhhh! so they are buying right now to reel in buyers? then as buyer come in the wait for the climax then sell into the market as price is going up?
- #163,472
- Mar 3, 2009 7:44am Mar 3, 2009 7:44am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #163,473
- Mar 3, 2009 7:45am Mar 3, 2009 7:45am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
nice Opp, to short from here my friend...
My 1H chart:
- Double top
- Upper TL
- Gann4h = 138.57
- WPP = 138.40
tight SL and nice R:R
- #163,474
- Mar 3, 2009 7:47am Mar 3, 2009 7:47am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
ahhhhhhhhh! so they are buying right now to reel in buyers? then as buyer come in the wait for the climax then sell into the market as price is going up?
thats the way the market works, oppositie to what ppl think
tomorrow some time will mark the end whether a climax or no more demand, could be an upthrust catching all the longs while wiping out the stops of shorts at same time,
"Millionaires don't use astrology, billionaires do"
- #163,475
- Mar 3, 2009 7:48am Mar 3, 2009 7:48am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
double top on 15 min as well but it is trying to push through will wait for 15min to close
I hope I can get out if we break to up side with -20/30 pips, but if holds, I am looking for 150-200
- #163,478
- Mar 3, 2009 7:51am Mar 3, 2009 7:51am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Nice i'm seeing the same things ..
- #163,480
- Mar 3, 2009 7:54am Mar 3, 2009 7:54am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
price is above DP and r1 @ 139.30 is lurking just above if it pushes thru this resistance. still on the sidlines for now. . .