GJ is consolidating the second day now; 141 area is to be closely watched out and if shed drop then next stop could be at 139.5 to comfort bulls. In case of failure of 139.2 we might see 137.5.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #167,702
- Mar 27, 2009 3:48am Mar 27, 2009 3:48am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
GJ is consolidating the second day now; 141 area is to be closely watched out and if shed drop then next stop could be at 139.5 to comfort bulls. In case of failure of 139.2 we might see 137.5.
- #167,703
- Mar 27, 2009 3:49am Mar 27, 2009 3:49am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
WOW.. im not Mr. Perfect.. but im trying to trade with a lot of logic.. and my logic is based on Support and resistance levels.. Mainly my logic is as in Computer progam Language:
IF...THEN...ELSE..OTHERWISE1....OTHERWISE2.... ect
still even then, we are having a lot of difficulties as the market never goes linear way.. ok..ok... tho short my crap; here is what is my idea..
The chart is Daily: [list][*]We hit the very strong Resistance level [yellow line] as a weekly Lower trendline form the top of this fall [251.10][*]After that hit, usualy...
..But am just becarefull @ 141 area...
- #167,704
- Mar 27, 2009 3:53am Mar 27, 2009 3:53am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Look like we are in same page again with you lol ...as per my previous post...
But am just becarefull @ 141 area...
but YES.. have a look my last 2 charts.. that is what I have been looking last few days..
and when we hit the 137 - 139 level, I will reload all my longs UP to the 155-157 area..
- #167,705
- Mar 27, 2009 3:56am Mar 27, 2009 3:56am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
I exited with one scout here at 50 ema [5min].. the second is still in... Iwill reenter another one (long) after we have some pull back down to 141.45 again,
but YES.. have a look my last 2 charts.. that is what I have been looking last few days..
and when we hit the 137 - 139 level, I will reload all my longs UP to the 155-157 area..
Nice to share some analysis and check with you.....and other good traders...Cheers
- #167,706
- Mar 27, 2009 3:57am Mar 27, 2009 3:57am
mad i still holding some short from 140.11 coz i was think in 4h chart small wave start wave is from 131.45 till to 139.98 it is 800-900 this 1st wave and 2nd wave 139.98-134.85 is 500pips 3rd from 134.85 till to 144.33(fibo) around 1000pips so for 4 wave it should drop 500-600pips
done half ways guys
- #167,707
- Mar 27, 2009 4:10am Mar 27, 2009 4:10am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Ya mate...just alarm me if you smell something wrong as pros may disturb on this movement (possibility)....
Nice to share some analysis and check with you.....and other good traders...Cheers
but IF.. as I expect// todays markets ES and DJ hit the final TOP, and start retracing.. then we may see even realy lower levels 137 and again IF we break LTL on daily.. we may retest some low levels..
Still I vouch for middle action , somewere maybe in an extreeme to 137 level...
- #167,712
- Mar 27, 2009 4:41am Mar 27, 2009 4:41am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Piters, et al...when time permits, would you discuss how you determine stops?
Many thanks,
- #167,714
- Mar 27, 2009 4:45am Mar 27, 2009 4:45am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
IMO - If current H4 candle close below 141.20, we might see another 300 ~ 400 pips drop. 
p/s: Enjoy the trade.
p/s: Enjoy the trade.
- #167,716
- Mar 27, 2009 4:51am Mar 27, 2009 4:51am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #167,718
- Mar 27, 2009 5:09am Mar 27, 2009 5:09am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
nothing to alarm mate.. we are all set.. if that UTL [1h] doesnt hold durring UK and NY session, and we rally, then we can forget about 135 level for a few weeks..
but IF.. as I expect// todays markets ES and DJ hit the final TOP, and start retracing.. then we may see even realy lower levels 137 and again IF we break LTL on daily.. we may retest some low levels..
Still I vouch for middle action , somewere maybe in an extreeme to 137 level...
Am just wanna set my own system starting by next Month in order to me for my 'million dollar road map' by end year or mid of 2010...
Wish me success mate..then am thinking to go for full time trader lol...
Then I can bring you for 'Kebab' lol..aha where is lilmoe..missing him so much..
- #167,719
- Mar 27, 2009 5:13am Mar 27, 2009 5:13am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Am stick on that..as what we have been discussed together with Mal/Q/PB/B etc last couple of day...Anyway...Thanks and good trade mate...
Am just wanna set my own system starting by next Month in order to me for my 'million dollar road map' by end year or mid of 2010...
Wish me success mate..then am thinking to go for full time trader lol...
Then I can bring you for 'Kebab' lol..aha where is lilmoe..missing him so much..
lol,
np for kebab party ... anytime mate
