GJ should attempt 139.12, subject to the 1 hour line acting as support.
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- #22
- Mar 15, 2009 9:50pm Mar 15, 2009 9:50pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #30
- Mar 18, 2009 2:40am Mar 18, 2009 2:40am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #32
- Mar 18, 2009 9:26am Mar 18, 2009 9:26am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
welcome to the experts zone brother.
Due to the small pullback yesterday the formation of the three falling crows is now complete. This is a strong bearish indication following the bearish engulfing pattern that formed 2 days ago, which was the first warning of a selloff. To top it off the 137.5 level which provided some mild support is currently a resistance. I'm in no hurry to close my shorts but let's see how this goes from here on. Nothing is certain in this business.
Thank You
- #33
- Mar 18, 2009 2:06pm Mar 18, 2009 2:06pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
Tight consolidation:
GJ has gone into tight consolidation between 138.22 and 139 currently with the risk of tanking tothe down side.
If 138.22 support breaks then we tank to 135.45.
- #34
- Mar 18, 2009 2:26pm Mar 18, 2009 2:26pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
The spike also tells us a story, and the story is that there are chances of going back to 138.22 here.
Chances which may or may not happen.
I am glad i had exits in place before going to sleep, and when i wake up lo GJ does one spike hits my tp and then goes back her way she is really in love with me I guess.
Chances which may or may not happen.
I am glad i had exits in place before going to sleep, and when i wake up lo GJ does one spike hits my tp and then goes back her way
she is really in love with me I guess.
- #35
- Mar 18, 2009 7:41pm Mar 18, 2009 7:41pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Nice one lion. 
Guess we had the same target. Took mine at 135.00 when price actually reached 134.88 before bouncing back up. Still have another position left open with a lower target than 135.00
The daily finish had a hanging man formation, which could well confirm the bearish outlook on the 4hourly on post #32. But it does look contradicting for me atm since the 6hrly does look very bullish at the moment since the last bounce off from 135.00 level.
Anyway, we'll see how it goes.
Guess we had the same target. Took mine at 135.00 when price actually reached 134.88 before bouncing back up. Still have another position left open with a lower target than 135.00
The daily finish had a hanging man formation, which could well confirm the bearish outlook on the 4hourly on post #32. But it does look contradicting for me atm since the 6hrly does look very bullish at the moment since the last bounce off from 135.00 level.
Anyway, we'll see how it goes.
Thank You
- #37
- Edited 12:54am Mar 19, 2009 12:32am | Edited 12:54am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #38
- Mar 19, 2009 12:58am Mar 19, 2009 12:58am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Short position on dragon was added and it's playing off the daily hanging man beautifully at the moment. Targets are highlighted & I'll be looking to tighten the loads once we close in on tl2 (encircled area). Will reasses once we reach the tl.
Nice work btw lion, good luck
Nice work btw lion, good luck
Thank You
- #39
- Mar 19, 2009 1:27am Mar 19, 2009 1:27am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
Short position on dragon was added and it's playing off the daily hanging man beautifully at the moment. Targets are highlighted & I'll be looking to tighten the loads once we close in on tl2 (encircled area). Will reasses once we reach the tl.
Nice work btw lion, good luck
