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  • #12,781
  • Jul 23, 2009 4:32am Jul 23, 2009 4:32am
yupp agree, GU also near top of range, EG might bounce up from .8600 /tends to bounce at double zeros, and it can push the pound down a lot/

(edit: EG h4 looks pretty much like a bucket - if it bounces up then the sterling will be pounded big time/

156.3x looks like a nice place to put on some shorts.

Quoting copi88
GJ is approaching the 156.37 level again. Last time it hit this level it made a 400 pip move down, so should be good for another move. Volume has also been dropping off on this move up and is reflected in the MACD/Price divergence.


C
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forget about tomorrow, just steal away into the night
  • #12,782
  • Jul 23, 2009 4:49am Jul 23, 2009 4:49am
...and the EG bucket near double zero, might mean EUR up, GBP down... now just lets wait for 156.3x to be hit...
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forget about tomorrow, just steal away into the night
  • #12,783
  • Jul 23, 2009 8:23am Jul 23, 2009 8:23am
Winds might have changed, I don't like price action on UJ (which is like a compass for all yens for me). Price is at current levels for a reason - I'm not so confident about that short now.

Quoting spekitox
...and the EG bucket near double zero, might mean EUR up, GBP down... now just lets wait for 156.3x to be hit...
forget about tomorrow, just steal away into the night
  • #12,784
  • Jul 23, 2009 8:43am Jul 23, 2009 8:43am
hope I'm not just entertaining myself here; It does not matter whether I like the price action or not, it's just I don't see it right for my former yen short idea. Actually the PA on UJ is bees knees for my audyen long.

Quoting spekitox
Winds might have changed, I don't like price action on UJ (which is like a compass for all yens for me). Price is at current levels for a reason - I'm not so confident about that short now.
forget about tomorrow, just steal away into the night
  • #12,785
  • Jul 23, 2009 8:56am Jul 23, 2009 8:56am
Just wanted to pop in and say I love the phrase "bee's knees" and also "cat's pajamas"

And man.. took a look at the NBT blog last night for the first time in maybe a month or so, and WOW there's a ton of content on there! Nice work BRV and any/everyone else who's helped.
  • #12,786
  • Jul 24, 2009 4:25am Jul 24, 2009 4:25am
Hi,

Just noticed this on cable.

I didn't want to fade it after the news but it looked like it held. A lot of the wires had this as a possible support level, herd wins for now.
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  • #12,787
  • Jul 24, 2009 9:40am Jul 24, 2009 9:40am
Sam0182... did you get on the trade u picked out , bounced lovely at the level u were looking at off the trusty 76% retracement .. thanks.
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  • #12,788
  • Jul 24, 2009 12:03pm Jul 24, 2009 12:03pm
Quoting booker66
Sam0182... did you get on the trade u picked out , bounced lovely at the level u were looking at off the trusty 76% retracement .. thanks.
Attachment
Hey Booker,

Nope...missed it. Saw it after it spiked up but there was no hope for an entry.

108.00-108.20 is my next level short spot...would really like to wait until we get up to 108.15-20 to be exact. S&R + 61% fib

I have to say, the recent ranging crap makes the shorter term levels easy (107., 1075, 108-108.2, etc)...but once that big breakout happens (and it's damn overdue), I want to make sure I'm not getting in the way of a train, you know?

Just what I'm keeping in mind. Any thoughts on 108.2?

http://img413.imageshack.us/img413/8163/uchf.th.png
  • #12,789
  • Jul 24, 2009 1:27pm Jul 24, 2009 1:27pm
Interesting levels on the loonie....
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  • #12,790
  • Jul 24, 2009 3:06pm Jul 24, 2009 3:06pm
copi188..good call on 156.37 looking at the daily , it broke that level but never closed above it .. also failed at the 76% retracement .. missed a few there will watch with interest cheers.
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  • #12,791
  • Jul 24, 2009 3:18pm Jul 24, 2009 3:18pm
Can anybody tell me how to put a quote up for a reference on a reply to a post .. im a bit thick thanks ..
  • #12,792
  • Jul 25, 2009 4:09am Jul 25, 2009 4:09am
Quoting booker66
Can anybody tell me how to put a quote up for a reference on a reply to a post .. im a bit thick thanks ..
Just click on the quote icon in the lower right of the post you want to quote.
  • #12,793
  • Jul 25, 2009 6:03am Jul 25, 2009 6:03am
Quoting dingo432
Just click on the quote icon in the lower right of the post you want to quote.
ahh ... i can read a chart ok , but cant see something right in front of my nose ! cheers dingo..
  • #12,794
  • Jul 26, 2009 5:23pm Jul 26, 2009 5:23pm
Head & Shoulders

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  • #12,795
  • Jul 27, 2009 11:56am Jul 27, 2009 11:56am
looking for a bounce there
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  • #12,796
  • Jul 28, 2009 7:59am Jul 28, 2009 7:59am
can anyone see a buy from 6455 on gbpusd? dont know how i can take a screen shot on the 4hr. hey red, sherm where are u guys?
  • #12,797
  • Jul 28, 2009 8:04am Jul 28, 2009 8:04am
Quoting mikeokino
can anyone see a buy from 6455 on gbpusd? dont know how i can take a screen shot on the 4hr. hey red, sherm where are u guys?
maybe u can tell us why u say its a trade? thanks
  • #12,798
  • Jul 28, 2009 8:34am Jul 28, 2009 8:34am
price has reacted to that level in previous times.from the 4hr chart as i see it.if its broken significantly then a sell.just following the no brainer, no indicator trading rules
  • #12,799
  • Jul 28, 2009 8:36am Jul 28, 2009 8:36am
Quoting mikeokino
can anyone see a buy from 6455 on gbpusd? dont know how i can take a screen shot on the 4hr. hey red, sherm where are u guys?

I can see it, but I think it is too risky for me.. look at the momentum hitting the S/R.. just not for me.
  • #12,800
  • Jul 28, 2009 10:05am Jul 28, 2009 10:05am
Quoting mikeokino
can anyone see a buy from 6455 on gbpusd? dont know how i can take a screen shot on the 4hr. hey red, sherm where are u guys?


I guess it might be closer to 1.6405 -1.6380
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