is it ready to go down ? 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #189,522
- Aug 18, 2009 11:14am Aug 18, 2009 11:14am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
most probably it will go up to 158 before moving down significantly.
is it ready to go down ?
Nihil Sine Deo.
- #189,523
- Aug 18, 2009 11:21am Aug 18, 2009 11:21am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
most probably it will go up to 158 before moving down significantly.
Patience is always key to geppy. . .
- #189,524
- Aug 18, 2009 11:39am Aug 18, 2009 11:39am
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
i took another short at 156.86 hahahahHAhahAhaHaHaH
ive lost the plot
closed it for 15 pips
ive lost the plot
closed it for 15 pips
- #189,525
- Aug 18, 2009 11:40am Aug 18, 2009 11:40am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
i took another short at 156.86 hahahahHAhahAhaHaHaH
ive lost the plot
- #189,526
- Aug 18, 2009 11:43am Aug 18, 2009 11:43am
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
hehehe 
thought the 1h was due for a down hour after that many up bars, looked like it had stalled at 157 with a load of resistance just above, saw it comming down a bit so thought it worth a pop for a quick few. i want to see what it does just above 157, seems to me a whole load of obstacles between 157 and 157.50, and if it gets past em on the way up, its got to do it again on the way back down (although im not convinced its going to go back down, we shall see).
thought the 1h was due for a down hour after that many up bars, looked like it had stalled at 157 with a load of resistance just above, saw it comming down a bit so thought it worth a pop for a quick few. i want to see what it does just above 157, seems to me a whole load of obstacles between 157 and 157.50, and if it gets past em on the way up, its got to do it again on the way back down (although im not convinced its going to go back down, we shall see).
- #189,529
- Aug 18, 2009 11:50am Aug 18, 2009 11:50am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
no. 158, then maybe down.
hehehe
thought the 1h was due for a down hour after that many up bars, looked like it had stalled at 157 with a load of resistance just above, saw it comming down a bit so thought it worth a pop for a quick few. i want to see what it does just above 157, seems to me a whole load of obstacles between 157 and 157.50, and if it gets past em on the way up, its got to do it again on the way back down (although im not convinced its going to go back down, we shall see).
Nihil Sine Deo.
- #189,530
- Edited 12:03pm Aug 18, 2009 11:50am | Edited 12:03pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
Don't compare your Trades with Others
- #189,531
- Aug 18, 2009 11:53am Aug 18, 2009 11:53am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
We've all seen the Hidden bearish divergence on the Weekly TF.
Chart.
What is interesting me is the Monthly TF. Not quite a classic or valid divergence in the truest sense of the word, but the discrepency in slope is too much to ignore.
Chart.
Chart.
What is interesting me is the Monthly TF. Not quite a classic or valid divergence in the truest sense of the word, but the discrepency in slope is too much to ignore.
Chart.
- #189,533
- Aug 18, 2009 11:56am Aug 18, 2009 11:56am
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
but you would expect such a difference, things always drop a lot faster than they rise 
it dropped on widespread panic, it isnt going to rally like that.
hmm those pivots very different to mine, i must investigate!
it dropped on widespread panic, it isnt going to rally like that.
hmm those pivots very different to mine, i must investigate!
- #189,534
- Aug 18, 2009 12:05pm Aug 18, 2009 12:05pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
Don't compare your Trades with Others
- #189,535
- Aug 18, 2009 12:09pm Aug 18, 2009 12:09pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
- #189,537
- Aug 18, 2009 12:17pm Aug 18, 2009 12:17pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
was about to ask that, has anyone just set a sell order in that area? Set it and go to bed
ill probably just set an alarm somewhere around 157.80 to wake me up so i can see whats happening before any entry. asian range is usually around 150 pips which would put this somewhere just over 158 assuming it goes straight up. could mean london shorts the crap out of it as soon as they wake up tomorrow. of course we have the MPC minutes in the morning, if it isnt dropping before that then that will probably be the catalyst to cause it to happen?
ill probably just set an alarm somewhere around 157.80 to wake me up so i can see whats happening before any entry. asian range is usually around 150 pips which would put this somewhere just over 158 assuming it goes straight up. could mean london shorts the crap out of it as soon as they wake up tomorrow. of course we have the MPC minutes in the morning, if it isnt dropping before that then that will probably be the catalyst to cause it to happen?
- #189,539
- Aug 18, 2009 1:15pm Aug 18, 2009 1:15pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
been thinking the same since i saw all the resistance between 157 and 157.50 but im just going to set an alarm to wake me up at 157.75. if it doesnt make it there then ill get more sleep and deal with it in the morning at start of london