Here we go .I' am targeting the 61.8 fibo exp line which is at 136.38.No more shorts till we reach there.Buy on dips and target 136.38 .Took partial profit at R1 and will add more on the dip.Don't trade against the trend.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #227,441
- Jun 10, 2010 8:51am Jun 10, 2010 8:51am
- #227,443
- Jun 10, 2010 9:05am Jun 10, 2010 9:05am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #227,444
- Jun 10, 2010 9:06am Jun 10, 2010 9:06am
- Joined Mar 2009 | Status: Trader | 1,094 Posts
Smells like bear's ass ... nice early call.
- #227,445
- Jun 10, 2010 9:07am Jun 10, 2010 9:07am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- #227,446
- Jun 10, 2010 9:08am Jun 10, 2010 9:08am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #227,447
- Jun 10, 2010 9:11am Jun 10, 2010 9:11am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
I meant BS rally
BS is BullShyt
. H4 Gann holds well , qqe no cross down but cross above 50. Trigger 135
- #227,448
- Jun 10, 2010 9:13am Jun 10, 2010 9:13am
- Joined Mar 2009 | Status: Trader | 1,094 Posts
not convinced with the BS lol
Just gotta wait till GJ drops like it's hot, it's a game of 'patience'
.Price comfortably trading above 1hr,4hr,daily gann and also qqe is up.Don't we buy on dips ??I would be thankful if u could please explain?
- #227,449
- Jun 10, 2010 9:20am Jun 10, 2010 9:20am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Karmo why are u not convinced
4H QQE is crossed up but price is just slightly above 4h 50ema, shows weakness
1H is just ranging
I just don't see strong upward momentum or bullishness.. that's just me
Trade what you see, not what you think.
- #227,450
- Jun 10, 2010 9:22am Jun 10, 2010 9:22am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
not convinced with the BS lol
Just gotta wait till GJ drops like it's hot, it's a game of 'patience'
but everything pointing on some BS (BULLShoot) action134.80 a PB, then 136.20 .. we may DROp from there (possible London tomorrow..)
AsIA is going to be exited with DOW at +220 tomorrow.. (if we close like this.)
Another mark to watch is Frankfurt and London close in 1-2h..
so.. far.. all equities are on steroids on Chinese Export data...
- #227,451
- Jun 10, 2010 9:24am Jun 10, 2010 9:24am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
YUP.. agreed mate..
134.80 a PB, then 136.20 .. we may DROp from there (possible London tomorrow..)
AsIA is going to be exited with DOW at +220 tomorrow.. (if we close like this.)
Another mark to watch is Frankfurt and London close in 1-2h..
so.. far.. all equities are on steroids on Chinese Export data...
Trade what you see, not what you think.
- #227,452
- Jun 10, 2010 9:31am Jun 10, 2010 9:31am
I've seen such scenario, it wants to drop but they cook some BS and make it rally, we just have to wait for them to finish cooking the BS and then watch GJ rain lol
Do not follow my trades. Trade what you see on your own charts.
- #227,453
- Jun 10, 2010 9:42am Jun 10, 2010 9:42am
This pair is ridiculous. Hourly candle closed below 131 and next candle reversed. Now hourly candle close above 133.50 and yet it isn't flying. I'm glad I'm not a breakout trader otherwise I would have been murdered by GJ this week.
The fact that GJ isn't flying after last candle closed above resistance can only mean two things. Either GJ is doing a very stubborn "shaking up the weak long" or resistance isn't broken yet, which it could drop back into the range between 131 and 131.50 again. Anyone made money on GJ this week?
The fact that GJ isn't flying after last candle closed above resistance can only mean two things. Either GJ is doing a very stubborn "shaking up the weak long" or resistance isn't broken yet, which it could drop back into the range between 131 and 131.50 again. Anyone made money on GJ this week?
- #227,454
- Jun 10, 2010 9:55am Jun 10, 2010 9:55am
- Joined Aug 2007 | Status: Newbie | 1,332 Posts
Gold Expedition Return This Year:
-16.4%
- #227,455
- Jun 10, 2010 10:00am Jun 10, 2010 10:00am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
like this
no signs of dropping yet. and if we clear the last resistance - 136 area, well, then most probably hello 140ish.
no signs of dropping yet. and if we clear the last resistance - 136 area, well, then most probably hello 140ish.
YUP.. agreed mate..
134.80 a PB, then 136.20 .. we may DROp from there (possible London tomorrow..)
AsIA is going to be exited with DOW at +220 tomorrow.. (if we close like this.)
Another mark to watch is Frankfurt and London close in 1-2h..
so.. far.. all equities are on steroids on Chinese Export data...
Nihil Sine Deo.
- #227,456
- Jun 10, 2010 10:02am Jun 10, 2010 10:02am
Stabburn she is...But what I learned from a fellow here (and I have found it extremely useful on GJ) is to use a family of EMA's (6,18,36,54,...,144...you should have 9 of them) on a separate chart and whenever the range of the fluctuations ( the usage of the word FLUCTUATIONS seems more appropraite to me, as one can see no direction/trend ) of the price become tight....
throw ONLY these EMA's on a chart and look at higher TF's....this method doesn't work that great after a big fall or upthrust, since it knocks of the EMA's out of axis for a good two weeks...
throw ONLY these EMA's on a chart and look at higher TF's....this method doesn't work that great after a big fall or upthrust, since it knocks of the EMA's out of axis for a good two weeks...
This pair is ridiculous. Hourly candle closed below 131 and next candle reversed. Now hourly candle close above 133.50 and yet it isn't flying. I'm glad I'm not a breakout trader otherwise I would have been murdered by GJ this week.
The fact that GJ isn't flying after last candle closed above resistance can only mean two things. Either GJ is doing a very stubborn "shaking up the weak long" or resistance isn't broken yet, which it could drop back into the range between 131 and 131.50 again. Anyone made money on GJ this week?
- #227,457
- Edited 10:14am Jun 10, 2010 10:04am | Edited 10:14am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
like this
no signs of dropping yet. and if we clear the last resistance - 136 area, well, then most probably hello 140ish.
we are just "experiencing" Frankfurt Close.. or EURO BOOKS closing.. PA pushing higher.. on close, no profit taking YET. the story is not over.. London closing in 60 min...
but agreed, from what i see.. 134.80 (weekly level) is next.. then a small bounce .. and 136.20 is next..
WHEN (IF) we clear.. then 140 or higher..
P.S. from pattern Point of view: we "Fail" to close below NL on that 4h H&S.. so.. the right shoulder test.. and eventually inverse on 1H.. pointing to 136.20 too..
let's play the music.. this is fun... specially with DOW +220 on open..
btw: nice music @ www.forexmusic.com
- #227,460
- Jun 10, 2010 10:38am Jun 10, 2010 10:38am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.