if ur daily is overbought mine is not over bought..we are in a range and only breakout will confirm this so dont panic bulls and bears will decide ...still same previous chart http://www.forexfactory.com/showpost...stcount=185243
..how about this?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #185,281
- Edited 9:35am Jul 21, 2009 9:30am | Edited 9:35am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
..how about this?
- #185,282
- Jul 21, 2009 9:37am Jul 21, 2009 9:37am
I honestly can't tell where GJ is going....
When I look at UJ it seems to want to tank, there's a huge H&S pattern on the 4H chart waiting to play out and take it down to 85.00 possibly.
GU is in the middle of an upward channel, which I find likely to get to 1.6700 eventually.
So if one tanks, and the other one climbs, then GJ gets stuck in between. Or at least that's what I'd guess if GJ = UJ x GU. It is all going to depend on which move is stronger. So I guess I'll just stay out for now, o rmaybe trade UJ or GU. Because I can quite tame the beast.
When I look at UJ it seems to want to tank, there's a huge H&S pattern on the 4H chart waiting to play out and take it down to 85.00 possibly.
GU is in the middle of an upward channel, which I find likely to get to 1.6700 eventually.
So if one tanks, and the other one climbs, then GJ gets stuck in between. Or at least that's what I'd guess if GJ = UJ x GU. It is all going to depend on which move is stronger. So I guess I'll just stay out for now, o rmaybe trade UJ or GU. Because I can quite tame the beast.
On a journey to consistency.
- #185,286
- Jul 21, 2009 9:46am Jul 21, 2009 9:46am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
mmm...
i dont have much to say dont forget i was ur papa bear when gj was 162.......but on a serious not daily is flat weekly still above 0 line ..i am playing with my moving average and they have been doing there Job well ..
my 4hrs chart tell the story cus i understand what my chart look like....Raza call this wedge .....see ur weekly chart with 50sma u will see we still up..
watch out for amazing asia tonight a break below 153 resistance on 4hrs 50sma
or we shoot back up...
same chart i got still valid until we break the fibo fan at 153..
MY OPINION NOT FINANCIAL ADVISE
- #185,287
- Jul 21, 2009 9:57am Jul 21, 2009 9:57am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
i dont have much to say dont forget i was ur papa bear when gj was 162.......but on a serious not daily is flat weekly still above 0 line ..i am playing with my moving average and they have been doing there Job well ..
my 4hrs chart tell the story cus i understand what my chart look like....Raza call this wedge .....see ur weekly chart with 50sma u will see we still up..
watch out for amazing asia tonight a break below 153 resistance on 4hrs 50sma
or we shoot back up...
same chart i got still valid until we break the fibo fan at 153..
- #185,288
- Jul 21, 2009 10:04am Jul 21, 2009 10:04am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
fine..and how about this..
u know what? there is no holy grail any where, anyplace anytime...what ever u use trade just remember u playing with someone bigger than u with bigger capital...
MY OPINION NOT FINANCIAL ADVISE
- #185,289
- Jul 21, 2009 10:07am Jul 21, 2009 10:07am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Agree, but I'm taking the smaller moves within the larger move. 156.75 will most likely be a good quick short opportunity on the way to 160. 160 will most likely turn the trend around for the mid term.
- #185,291
- Jul 21, 2009 10:13am Jul 21, 2009 10:13am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
u know what? there is no holy grail any where, anyplace anytime...what ever u use trade just remember u playing with someone bigger than u with bigger capital...
Like what Aus say..making pips like walking in the park...am on my way mate....Anyway good luck to you lol...
..Cheers
- #185,293
- Jul 21, 2009 10:20am Jul 21, 2009 10:20am
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
we still have 2 strong Support before the hell
- #185,294
- Jul 21, 2009 10:25am Jul 21, 2009 10:25am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
- #185,295
- Jul 21, 2009 10:34am Jul 21, 2009 10:34am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
sucker rally has finished 
- #185,296
- Jul 21, 2009 10:34am Jul 21, 2009 10:34am
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
Good job bro ..
- #185,297
- Jul 21, 2009 10:41am Jul 21, 2009 10:41am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
hey michoo supp
u just wake the bear? hmm let wait and see
MY OPINION NOT FINANCIAL ADVISE
- #185,298
- Jul 21, 2009 10:50am Jul 21, 2009 10:50am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
mmm...
152.50-150.50 then my LTL 149..see ya
- #185,299
- Jul 21, 2009 10:50am Jul 21, 2009 10:50am
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts