if 148.50-148.80 hold this downward, i'll go long again , then we'll may go slowly to 150.50 , if 150.50 breaks we cand say 100% we will reach to 151.51, but what will going to happen there atm i'm not sure.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #178,361
- May 20, 2009 9:55am May 20, 2009 9:55am
- Joined May 2009 | Status: Trader | 4,895 Posts
- #178,362
- May 20, 2009 10:00am May 20, 2009 10:00am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #178,364
- May 20, 2009 10:11am May 20, 2009 10:11am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
right now we have a ranging market and a ranging market close to an old resitance level is often pros distributing.
There has been a bunch of bs on here in the last 500 posts or so , arguing longs and shorts and posts that do not even have anything to do with trading posted by Greek BSer so lets see what we really have
right now we are in a range 149.70 to 147.6 ... enjoy the range , it is one of the very best ways to build an account
The dj today is ending the daily on a doji , the 100 pip channel close to old highs suggests distribution .
I am on vacation and do not have my regular charting software so cannot tell if we are really getting distribution , back in Vancovuer tomorrow so will be able to get a better read once i look at esignal
There has been a bunch of bs on here in the last 500 posts or so , arguing longs and shorts and posts that do not even have anything to do with trading posted by Greek BSer so lets see what we really have
right now we are in a range 149.70 to 147.6 ... enjoy the range , it is one of the very best ways to build an account
The dj today is ending the daily on a doji , the 100 pip channel close to old highs suggests distribution .
I am on vacation and do not have my regular charting software so cannot tell if we are really getting distribution , back in Vancovuer tomorrow so will be able to get a better read once i look at esignal
Blogging daily now at www.volume.zone
- #178,365
- Edited 10:30am May 20, 2009 10:15am | Edited 10:30am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
not happy with what he said ....I have no idea why he keeps mentioning me in his posts , and in particular this one full of bs . I know the guy , was introduced to him by a good buddy of mine I have known for 5 years . The Greek managed my buddies account ..... note managed past tense ..as he lost his 20 k !!! that is all I really know about his trading .
he has made some great calls and he has made some terrrible calls.
I know the Greek is hedged on every trade ... winners or losers 100 % of the time , so if asked to close all positons am not...
Imanuel Parsifal
- #178,369
- May 20, 2009 11:07am May 20, 2009 11:07am
- Joined May 2009 | Status: Trader | 4,895 Posts
in 150.50 may a trap is setting for us
- #178,370
- May 20, 2009 11:18am May 20, 2009 11:18am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi Traders!
This bull move is driving by the pound, I mean, Gopher is almost quit and LFX indexes it could be the key, take a look at this possible breakout on GBPLFX:
The pound is breaking this important resistance, maybe the 155 - 156 for Geppy is possible, in the other hand is LFXJPY, is bearish yet; chart:
As you maybe know, Geppy is = LFXJPY * GBPLFX, I mean, the next target for GBPLFX is 2.93, and LFXJPY quiet @52, GJ = 2.93*52 = 152.36 or something.
Let's see how it plays!
Jhon
This bull move is driving by the pound, I mean, Gopher is almost quit and LFX indexes it could be the key, take a look at this possible breakout on GBPLFX:
The pound is breaking this important resistance, maybe the 155 - 156 for Geppy is possible, in the other hand is LFXJPY, is bearish yet; chart:
As you maybe know, Geppy is = LFXJPY * GBPLFX, I mean, the next target for GBPLFX is 2.93, and LFXJPY quiet @52, GJ = 2.93*52 = 152.36 or something.
Let's see how it plays!
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #178,374
- May 20, 2009 11:27am May 20, 2009 11:27am
I don't think that is the case. We just took off from a flag pattern in 4hr and currently all the momentum are positive. In my opinion, I think if it manage to break last high @ 149.62 and close above 150, I think it will continue to move up because the resistance right now is so close together, and if it breaks, that's it.
but it's only a prediction of unknown future, we most ready for all situations...
Making money not by predicting just by following ...
- #178,375
- May 20, 2009 11:34am May 20, 2009 11:34am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi there, can you please post LFXJPY chart with the overall trend (same TF please) just like the GBPLFX. Thank you.
LFXJPY
GBPLFX
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #178,376
- May 20, 2009 11:34am May 20, 2009 11:34am
- Joined May 2009 | Status: Trader | 4,895 Posts
look a brief at this chart and two elipses i drawn, and think that many now is sure that we are going to break, so what a smart money will doing : "catch buyers and sell higher" , so may it very fast false breaks up then down, the interesting thing that 2nd elipse is absolutly is 61.8 retracment, and when reached that level we again rejects to upward and a Triangle formed correctly and then we going to break 151.51.
but it's only a prediction of unknown future, we most ready for all situations...
- #178,378
- May 20, 2009 11:38am May 20, 2009 11:38am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #178,379
- May 20, 2009 11:41am May 20, 2009 11:41am
- Joined Mar 2009 | Status: Trader | 1,310 Posts
The purpose of knowledge is action, not knowledge
