Dislikedearnings reports are good, s+p closes on its high JUST under 1100. only a matter of time for gj to break 149 and test 150?Ignored
LOL
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #204,562
- Oct 19, 2009 4:42pm Oct 19, 2009 4:42pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
earnings reports are good, s+p closes on its high JUST under 1100. only a matter of time for gj to break 149 and test 150?
Need to break resistance on some reasonable volume. No time to give your money away. If we do pop above the previous high, it's likely not to sustain...... yet.
- #204,564
- Oct 19, 2009 4:46pm Oct 19, 2009 4:46pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
You're thinking again.
Need to break resistance on some reasonable volume. No time to give your money away. If we do pop above the previous high, it's likely not to sustain...... yet.
how can i not think. i have to anticipate where it might go in order to place any trade at all, otherwise i may as well close my eyes and click randomly lolim thinking it was heading up anyway, good earnings reports are likely to help it a bit so might give it the push it needs to get past 149 at least (plus that was a question to see what others think, not a statement
)
- #204,565
- Oct 19, 2009 4:49pm Oct 19, 2009 4:49pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
im thinking it was heading up anyway, good earnings reports are likely to help it a bit so might give it the push it needs to get past 149 at least (plus that was a question to see what others think, not a statement
- #204,566
- Oct 19, 2009 4:54pm Oct 19, 2009 4:54pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
OK then,I think you should stop being influenced in any way by earnings reports.
but i do like to know why something is moving or has moved in a certain way hmmmbut on a charting note, it has just broken the previous high from the earlier feeble attempt at 149, and no sign of sellers just yet. go babeh go go up ya go
- #204,567
- Oct 19, 2009 4:55pm Oct 19, 2009 4:55pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
15 min and murrey math lines / rsx
rsx oversold
4/8 mml overhead at 148.44
buyers on volume at 148.30
If price moves above 148.44 i am long , target 2 octaves to 149.22
that is my trading plan
Attachment
now where is the emoticon for patting yourself on the back ..lol
Blogging daily now at www.volume.zone
- #204,568
- Oct 19, 2009 4:56pm Oct 19, 2009 4:56pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #204,569
- Oct 19, 2009 4:59pm Oct 19, 2009 4:59pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
lol true. i must somehow ignore all news events and fundamentals cos all they do is give you a bias that can screw you over. they introduce a fog over the charts so they are no longer clear
but i do like to know why something is moving or has moved in a certain way hmmm
This is the surest way of losing money over the long term. Your intelligence is looking for answers, when they are staring at you from your chart.
but on a charting note, it has just broken the previous high from the earlier feeble attempt at 149, and no sign of sellers just yet. go babeh go go up ya go
Great, but don't expect it to last. Volume is low now and Asia very rarely sets the tone for breaks of support/resistance.
- #204,571
- Oct 19, 2009 5:01pm Oct 19, 2009 5:01pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Not sure why the laughing smiley, 'cos everything you've stated is true.
Great, but don't expect it to last. Volume is low now and Asia very rarely sets the tone for breaks of support/resistance.
I do not see gj breaking out of 149.35... not tonight in asia ... but never say never
Blogging daily now at www.volume.zone
- #204,573
- Oct 19, 2009 5:06pm Oct 19, 2009 5:06pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
if anything asia is used to manipulate prices to a discount ....
I do not see gj breaking out of 149.35... not tonight in asia ... but never say never
risk 45 pips maybe, reward maybe 90 if it gets to 148 or 190 if it breaks 148
- #204,574
- Oct 19, 2009 5:09pm Oct 19, 2009 5:09pm
Make sure you have your stop in place, just in case you decide to take a short now... because it could rebound back to the high 148.94 (on my platform)
in that case we should look to short it here, with stop above 149.35
- #204,576
- Oct 19, 2009 5:12pm Oct 19, 2009 5:12pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
in that case we should look to short it here, with stop above 149.35
i am NOT shorting .... we are above poc friday...148.33 ... been bouncing of that level last few hours
liking longs on dips better ...for now
Blogging daily now at www.volume.zone
- #204,577
- Oct 19, 2009 5:13pm Oct 19, 2009 5:13pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
in that case we should look to short it here, with stop above 149.35
I'm off to bed. Good trading guys.
- #204,578
- Oct 19, 2009 5:13pm Oct 19, 2009 5:13pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
i am NOT shorting .... we are above poc friday...148.33 ... been bouncing of that level last few hours
liking longs on dips better ...for now
i may just go to bed
- #204,579
- Oct 19, 2009 5:16pm Oct 19, 2009 5:16pm
Oh okay, understood. 
well the stop would be well above 148.94 if i went short, thats only 10 pips above where it is now. might be better waiting for dips and go long instead seeing as we bashing our heads against 149. 4h is looking strong
not taking anything yet i will watch it for a bit. maybe wait for tokyo in 2 hours. not sure i can stay awake that long though hehe
