I think 139 good place to load longs
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #168,203
- Mar 30, 2009 8:31pm Mar 30, 2009 8:31pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
There was a nice spike in volume as GU hit 1.4300 and GJ hit 140.50 almost at the same time... sellers waiting at those areas?
i am still long in GU
we should see 4360 to 4440 today
i always trust daily bullish HAMMER in GU only.once i see a hammer on daily with help from support lines i just go long and set my target between 200 to 400 pips
hope it will be correct today
haven't seen this in quite some time during asia: possible climax for buy... i will be looking for shorts... anyone?
- #168,205
- Mar 30, 2009 8:40pm Mar 30, 2009 8:40pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
so thought i would look further than 5 min
we have retrace 50 % of the down move .. back into congestion area 140 . We know from before that 141.5 was only broken in a mark up in asia
as Dr g rightly said those that were drawn down 500 pips just got out at 140 ,,, hence the rapid up and down movement at 140 to 140.50
we seem to still be in a primary down trend on 4 hour till 141.90 taken out.
I like 14 wma on 4 hour we are still under it.
most of this move has come from the UJ ... with the dj moving down and GU moving up and dollar index moving down ... mmmmm seems a little odd to me .
we could be in another one of those crazy 500 pip ranges 135 to 140 that we had before
we have retrace 50 % of the down move .. back into congestion area 140 . We know from before that 141.5 was only broken in a mark up in asia
as Dr g rightly said those that were drawn down 500 pips just got out at 140 ,,, hence the rapid up and down movement at 140 to 140.50
we seem to still be in a primary down trend on 4 hour till 141.90 taken out.
I like 14 wma on 4 hour we are still under it.
most of this move has come from the UJ ... with the dj moving down and GU moving up and dollar index moving down ... mmmmm seems a little odd to me .
we could be in another one of those crazy 500 pip ranges 135 to 140 that we had before
Blogging daily now at www.volume.zone
- #168,206
- Mar 30, 2009 8:42pm Mar 30, 2009 8:42pm
The moves have happened during happy hour, um, I mean, asia. Did it at least two times last week. I remember cause I was thinking those were some expensive beers I drank while missing the move.
- #168,207
- Mar 30, 2009 8:44pm Mar 30, 2009 8:44pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Look if break 138...My first destination of 140.50 possible tomorrow (maybe japan to early London session)
If break 140.75 may seen 141.50 - 142.60 on the way
If break 143 may seen back 144-145 level....
Am just watch out my first destination of 140.40..
Able to close 2Xsmall long from 137.35 just now..and let my other 2X10lot reach 140.50..otherwise I'll close it @ 138...
Just monitor my M5/M15 atm..
- #168,208
- Mar 30, 2009 8:48pm Mar 30, 2009 8:48pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #168,210
- Mar 30, 2009 8:56pm Mar 30, 2009 8:56pm
left for awhile with an open short from 3680.....no stop of course.....
come home to see i am underwater 170 pips or so.....
darnit
maybe i will get lucky and see a retrace back to at least 3930 area before next leg up.
Any insight / hope from anyone out there?
Anyone else in the same spot?
- #168,211
- Mar 30, 2009 8:59pm Mar 30, 2009 8:59pm
Im long from 140, but moved stop to BE+1, i think its gonna retrace to 139.2, then go long again, but i only just really started not blowing up my account this year, so i may just have been lucky for 3 months
- #168,213
- Mar 30, 2009 9:03pm Mar 30, 2009 9:03pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #168,215
- Mar 30, 2009 9:05pm Mar 30, 2009 9:05pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #168,216
- Mar 30, 2009 9:06pm Mar 30, 2009 9:06pm
my oh my, no accumulation, no distribution... just shooting up and down, wtf?!?!?????
145 down to 135, then up to 251 then down to 90...
alright, bring it on. let's see what you got.
- #168,218
- Edited 9:36pm Mar 30, 2009 9:20pm | Edited 9:36pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #168,219
- Mar 30, 2009 9:37pm Mar 30, 2009 9:37pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #168,220
- Mar 30, 2009 9:38pm Mar 30, 2009 9:38pm
Ok everybody get ready, my damn freinds (who don't understand my special relationship with my computer and forex ( I tried to tell them the geppy is gonna shoot up, but they don't understand)) think i should go out and have fun, so i'm gonna close my long, the market should immediately shoot up 1000 pips and continue until i get back.
Good trading everyone
Cya
Good trading everyone
Cya