This is why I do not trade on the last day of the month or th last day of the week, a 250 pip chop 
- #162
- Edited 10:04pm Mar 31, 2009 9:17pm | Edited 10:04pm
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- #163
- Mar 31, 2009 10:06pm Mar 31, 2009 10:06pm
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- #164
- Apr 1, 2009 12:41am Apr 1, 2009 12:41am
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i follow your GBPJPY thread and you wrote:
"This is why I do not trade on the last day of the month or th last day of the week, a 250 pip chop "
That was the last day of fiscal year in Asia. That's the reasons for market acting in unusual matter.
keep up the good work with the threadTOKYO (Dow Jones)--The yen weakened against the dollar and euro in Asia Tuesday as Japanese importers sold the Japanese currency for book-closing on the last day of the Japanese fiscal year, dealers said.
- #166
- Apr 1, 2009 12:56am Apr 1, 2009 12:56am
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Thank You
- #167
- Apr 1, 2009 4:24am Apr 1, 2009 4:24am
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previous high @145 level looks like the likely target from here.
Good luck
Good luck
Thank You
- #168
- Apr 1, 2009 11:06am Apr 1, 2009 11:06am
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Thank You
- #170
- Apr 1, 2009 10:34pm Apr 1, 2009 10:34pm
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Looking good so far. 145 level is still the target to look for.
The inverted h&s & the ltl pointed out yesterday is still very much in play.
Let's see what today brings. Good luck
The inverted h&s & the ltl pointed out yesterday is still very much in play.
Let's see what today brings. Good luck
Thank You
- #172
- Apr 2, 2009 1:27am Apr 2, 2009 1:27am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
A really smart trader, I liked his rules.
- #173
- Apr 2, 2009 4:24am Apr 2, 2009 4:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
We are now approaching the 145 level as mentioned from earlier posts. Two things could happen here, a pullback or a further thrust towards 147 level.
But by judging by the previous 4 hour close which showed a lot of strength, I will not put my money on a pullback just yet.
Good luck
But by judging by the previous 4 hour close which showed a lot of strength, I will not put my money on a pullback just yet.
Good luck
Thank You
- #174
- Apr 2, 2009 6:14am Apr 2, 2009 6:14am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
There we have it. Rejection @147.
Now we take a breather.
Now we take a breather.
Thank You
- #175
- Apr 2, 2009 12:24pm Apr 2, 2009 12:24pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
At the moment we are looking for a breakout for a direction. Breakout towards the upside will most likely bolster bullish continuation & break downwards will probably be a good short oppotunity. We are range bound between 145 level to 147 until the direction is confirmed.
Good luck
Good luck
Thank You
- #176
- Apr 2, 2009 1:50pm Apr 2, 2009 1:50pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Pretty much bullish atm based on the daily. But let's see what tomorrow brings. Good luck
Thank You
- #177
- Apr 2, 2009 11:30pm Apr 2, 2009 11:30pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
And we're still waiting .. 
Those who are still keeping long should prolly keep doing so. Definitely not worth calling tops too early. We leave that to the novices
Anyway, good luck
Those who are still keeping long should prolly keep doing so. Definitely not worth calling tops too early. We leave that to the novices
Anyway, good luck
Thank You
- #179
- Apr 3, 2009 8:23am Apr 3, 2009 8:23am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
No shorts sighted yet. We remain bullish for now & keep our long positions intact. Good luck
Thank You
- #180
- Edited 2:51pm Apr 3, 2009 2:21pm | Edited 2:51pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Okay. We got close to 149, but this is good enough given how close we are to the close. All longs are still intact but the stops are tighten going into the weekend.
Two possible outcome, with the obvious further upthrust being one, but a strong outlook on a pullback had me tightening the remaining of my position for this beast. Doesnt matter if she doesnt break south, we'll be ready to pounce if she does tho I will obviously welcome a further move up since I'm still holding long.
Good luck & enjoy your weekend everyone
Two possible outcome, with the obvious further upthrust being one, but a strong outlook on a pullback had me tightening the remaining of my position for this beast. Doesnt matter if she doesnt break south, we'll be ready to pounce if she does tho I will obviously welcome a further move up since I'm still holding long.
Good luck & enjoy your weekend everyone
Thank You