The Market pays you to be disciplined
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #209,424
- Dec 2, 2009 6:10am Dec 2, 2009 6:10am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Is just my view on Geppy, time will tell, just be careful traders shorting this, there are many bull signs, check this:
LFXJPY:
Attachment
GBPLFX:
Attachment
GJ = GBPLFX*LFXJPY
And check this example of bullish engulfing, pretty similar to Geppy daily candle close today:
Attachment
Trade your charts
Jhon
Bearish divergence:
Engulfing on daily:
I'll wait for daily candle close today to make a choice in short term
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #209,425
- Dec 2, 2009 6:17am Dec 2, 2009 6:17am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
anywhere between 144.60 - 147.80...
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #209,426
- Dec 2, 2009 6:20am Dec 2, 2009 6:20am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Yea, the 4hr bearish divergence is setting up nicely. Looking at the CCI though and the angle of incline, I suspect we won't be ready to short this until +200 o/b is seen. Lilmoe is the CCI expert though, so he may be able to illuminate further.
Chart
Chart
- #209,427
- Dec 2, 2009 7:47am Dec 2, 2009 7:47am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
anywhere between 144.60 - 147.80...
- #209,428
- Dec 2, 2009 7:49am Dec 2, 2009 7:49am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
hi Piters, I was curious, what's the red line on your chart? cheers!
- #209,429
- Edited 9:21am Dec 2, 2009 8:44am | Edited 9:21am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
ATR 2.6 Trailing stop...
If you have a chance, try this one out. It's a corrected moving average I came across recently. It's really accurate. I find it works well with the gann hilo for keeping out of the chop and confirming entries on the lower timeframes. (I use it on the 5M set at 14)
- #209,430
- Dec 2, 2009 10:56am Dec 2, 2009 10:56am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #209,432
- Dec 2, 2009 2:02pm Dec 2, 2009 2:02pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #209,433
- Dec 2, 2009 2:06pm Dec 2, 2009 2:06pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
hmm GJ forming a top here...?
- #209,434
- Dec 2, 2009 2:09pm Dec 2, 2009 2:09pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
yes lets short it
Trade what you see, not what you think.
- #209,435
- Edited 2:21pm Dec 2, 2009 2:10pm | Edited 2:21pm
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #209,436
- Dec 2, 2009 2:11pm Dec 2, 2009 2:11pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
hold my hand son
Well I hope so my friend... From your mouth to God's Ears Karmo. I've been waiting patiently for this thing to come tumbling down, so I can get out of my protective hedge safely. Many here feel that Friday it's going to fall like a Rock, but one thing I've have come to realize in regards to forex, is to always expect the unexpected.
hmm GJ forming a top here...?
- #209,439
- Dec 2, 2009 3:16pm Dec 2, 2009 3:16pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Well I hope so my friend... From your mouth to God's Ears Karmo. I've been waiting patiently for this thing to come tumbling down, so I can get out of my protective hedge safely. Many here feel that Friday it's going to fall like a Rock, but one thing I've have come to realize in regards to forex, is to always expect the unexpected.
1) daily , doji s&p
20 daily doji GU on low volume(no buyers)
3) daily doji ftse
4) dx daily reversal off yesterdays close
all this is very bearish GU , but in this market does not mean a damn thing.
They are playing us big time , the Dubai crisis , that never was a crisis
The BOJ intervention that never was
etc etc
GJ .. if 146 breaks to upside 150 target , 146 holds then 140 test.
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