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- Pipsqueak replied Dec 16, 2008
Now double top on cable hourly. I think cable and GJ will drop hard now. GJ possibly to the 50% fibo at 135.85.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 11, 2008
EU hit daily trendline. Now good chance of retracement. I'm looking to get in a long to the 38.2 fib which is about 1.3746.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 11, 2008
This move is all dollar weakness since EU and GU just keep on flying upwards. I should have longed EU at 1.27. Anyone knows where EU will stop?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 11, 2008
Well finally it "obeys". Just hit 136 so I can collect my 100 pips and call it a day. SL to break even.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 11, 2008
I just checked Eu 4H chart. It "could" be topping out at 1.3300. Maybe a daily retracement is in order. Once EU retraces, hopefully we will see some clearer movement.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 11, 2008
red, green, red, green, red, green, ahhh...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 11, 2008
It messes up the indicators. What used to work before now stop working. "Normally" price should tank here at the 15M 50ema but I can't believe it's trying to break back above it, especially 1H 50ema is here too.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 11, 2008
I think ever since the Euro started taking off, GJ bears haven't been the same. EU broke the daily 50 ema and now who knows where it will stop. This make GJ bear very weak because EU going up causes GU to follow hence GJ not tanking.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 10, 2008
Short tp at DP, sl above 4H 50ema.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 9, 2008
$50 isn't gonna get you anything.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 9, 2008
I would feel very bad if price came down to take out your stop and then take off the other way. But as it stands right now with the dow closing 250+, I think we'll see some nice down move later on. Good luck man!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 1, 2008
There are some very good "strangers" on this forum if you know who to take advice from. Actually, weighing the advice from members of this forum has become part of my trading strategy.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 1, 2008
Did anyone buy? I guess the 4H bullish divergence might be playing out. Price also hit a 4H trendline on my chart. If this current 4H candle closed as a doji, I think that's more confirmation that a sizeable retracement is in place.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 1, 2008
I think there's bullish divergence on the 4H chart. As long as GJ doesn't make a lower low (137.65), the divergence will be valid.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pipsqueak replied Dec 1, 2008
Very bad UK news. Will it retrace?
Auslanco - GBP/JPY and GBP/USD (newstrade)