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- Pipsqueak replied Jun 15, 2011
Still holding on to my long from 130.80. I've never seen GJ so stagnant. But I have come to expect the unexpected from GJ so with that being said, I'm being very patient with my trade. Even though now it becomes more like a crapshoot analyzing where ...
- Pipsqueak replied Jun 9, 2011
Not big on news but whatever fuels the rockets, I'm all for. I have a good feeling about this long. Now I just need those big boy institutional traders to jump on board and propel them rockets to my target. Good luck.
- Pipsqueak replied Jun 8, 2011
Taking a long here at 130.80, tp 139.50, sl 129. Risky trade but potential for big reward. If BOJ decides to step in again, my tp could get hit in a couple hours. Also potential for double bottom on daily if 130.50 holds.
- Pipsqueak replied Jun 6, 2011
It will be scary once the market really starts to price in the possibility of a double dip recession. The feds' QE2 program is what's been keeping the stock market up. That will end this month. I'm sure that is on the mind of a lot of traders. UJ ...
- Pipsqueak replied May 27, 2011
Closed my short at BE. Not liking the very crazy and volatile PA so far. Maybe just maybe GJ will decide to break out one of these days and make for much easier pipsmaking. Until then, I'll be sidelined and be patient. This market really gives a new ...
- Pipsqueak replied May 26, 2011
Anyone else seeing short here at 133.05? Back on April 28th when price made a move to 137 to fake the bulls, a lot of people were screaming 140 and higher and the next five days price tanked to 131. This is a somewhat similar situation. I'm short at ...
- Pipsqueak replied May 24, 2011
I'm paying very close attention to this wedge.
- Pipsqueak replied May 24, 2011
I wouldn't short as price has closed above the daily gann line and has been staying above it. Daily gann is now support. Since price is above the daily gann, I'm looking to buy dips only because price is more likely to break out upwards. GJ has been ...
- Pipsqueak replied May 23, 2011
Only one month of good volume left until the summer season kicks in. This pair might actually stand still in July and August. I guess it's almost vacation time. I hope GJ will break out soon giving me one last good trade before leaving on vacation. ...
- Pipsqueak replied May 23, 2011
Looks like rangebound. I'm moving sl to 132.40. I'm not ruling out the possibility of GJ going to 135. As crazy as it sounds, this "dragon" CAN do that. Price closed above the daily gann on Friday and today it just touched the gann again but made a ...
- Pipsqueak replied May 23, 2011
I don't like to use that word in trading but we all need it sometimes in life. 131.28 is daily S3 and also the daily gann on my chart (price actually closed above the daily gann by a few pips on my chart) but like all indicators, it produces head ...
- Pipsqueak replied May 23, 2011
And the DOWNtrend resumes!!! All hell will break loose if GU and UJ break their respective trendlines. It's looking like this week might be a good week to just hold on to shorts and count money. Congrats on a great start to the week. My forex ...
- Pipsqueak replied May 20, 2011
We'll see soon. I think GJ is just doing its typical shaking out the weak shorts or bull trap before dropping like a rock. If the bulls are for real, we will see price in the 133 in US today. Otherwise, drop like a rock.
- Pipsqueak replied May 20, 2011
This is a very hard market to read because we had an uptrend from 122 to 140 and a downtrend from 140 to 130. Now price is at "equilibrium" so it's struggling to find its next direction. Since it's no longer trending, it's hard to trade. Any trades ...
- Pipsqueak replied May 20, 2011
I'm taking a short here at 132.70. Yesterday's close is too close to call or inconclusive but based on price action at resistance here at the daily gann. I think price will be rejected and head back down to 131 again and possibly 129 or lower. I'm ...
- Pipsqueak replied May 19, 2011
Price is testing the daily gann once again. I wouldn't sell if GJ closed above 132.50 today.
- Pipsqueak replied May 17, 2011
If the daily candle closes above 132.50, I think price is heading for 135.14 (50%). If rejected, then continuation of downtrend to 129. I'm leaning towards short right now with target at 129 but will wait until daily closes. Price is still below ...
- Pipsqueak replied May 12, 2011
Do you have myfxbook? That statement looks great but it can easily be fabricated. Nowaday there's myfxbook where traders can publish their MT4 statements for better transparency. Trading a standard lot on a $5000 account really says a lot about ...
- Pipsqueak replied May 11, 2011
Wow very volatile market. So my initial observation of bouncing from 134 to 129 was right but I wasn't able to take the short. I'm happy with the nice long trade. Now it's looking like if it does go to 129, it should be a new upswing to 139.40. Just ...
- Pipsqueak replied May 11, 2011
Target hit to the pip! Now sidelined again and more observation waiting for next setup.