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03-18-2010, 04:01 PM #11671  can you believe this !!!!
and what do you know up and up it goes
Last edited by MoneyInc.; 05-05-2010 at 11:57 PM.
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03-18-2010, 05:01 PM #11672  Originally Posted by mihaia2002  Just edited, the studies say BEARISH, you are right, if any of them broken to the upside, then bullish, sorry, always rushing....
WOWWW, this triangle is persistent, isnt' it...? it just doesn't want to break under that support, soon enough will not have a choice but go somewhere...
Personaly i think we are all insane to be holding and opening day positions with such little volatility..........Still holding my short from 138.18.
Honestly, i dont think there are any signs of where this will go next.
As a Bear i think i can take comfort with the fact that yesterdays high has failed to be matched by -100 pips, even on the news that came out today.
UK debt less than estimated. Though i think the less than expected mortgage approvals has possibly shown that the banks are still geared to risk aversion.
The word ITALY, ITALY is reverberating around the media (we all remember the big drops when GREECE was the word, was the word....i almost broke into song there.)
I think the best policy is to take profits as they present themselves pretty much what 4xer has been upto - like a thief in the night. Untill a clear breakout shows.
Just my penny worth.
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03-18-2010, 05:09 PM #11673 Originally Posted by skydiver Personaly i think we are all insane to be holding and opening day positions with such little volatility..........Still holding my short from 138.18.
Honestly, i dont think there are any signs of where this will go next.
As a Bear i think i can take comfort with the fact that yesterdays high has failed to be matched by -100 pips, even on the news that came out today.
UK debt less than estimated. Though i think the less than expected mortgage approvals has possibly shown that the banks are still geared to risk aversion.
The word ITALY, ITALY is reverberating around the media (we all remember the big drops when GREECE was the word, was the word....i almost broke into song there.)
I think the best policy is to take profits as they present themselves pretty much what 4xer has been upto - like a thief in the night. Untill a clear breakout shows.
Just my penny worth. that is true, patterns will show false breaouts and so on... these hours are dead, should not be traded at all.... that is the reason why i'm out  for the day , just trying to put some analysis up here... the 3H and 1H can still apply though and they are bearish... but not sure about everything... if we have to follow the past 2 weeks, there was no single night (UK time) that the pair did not fall after 23:00 uk time, now is 21:09... for easy reference....
Speak later...
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03-18-2010, 05:20 PM #11674 Originally Posted by mihaia2002 that is true, patterns will show false breaouts and so on... these hours are dead, should not be traded at all.... that is the reason why i'm out for the day , just trying to put some analysis up here... the 3H and 1H can still apply though and they are bearish... but not sure about everything... if we have to follow the past 2 weeks, there was no single night (UK time) that the pair did not fall after 23:00 uk time, now is 21:09... for easy reference....
Speak later... My first position to be opened over night, LONG @ 137.75
No SL as it is a small lot...
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03-18-2010, 05:41 PM #11675
GBP/JPY
GBP/JPY is hung up at resistance... We could see a top carve out here...
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03-18-2010, 06:04 PM #11676
Went short at current level, looking for lower trendline to break
Edit: appears to be breaking now
Last edited by willaballa; 03-18-2010 at 06:29 PM.
Reason: breaking?
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03-18-2010, 06:12 PM #11677  Here we go again
I am trying to collect as many pips as I can (starting Now)
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03-18-2010, 06:20 PM #11678
Where is everyone?
I guess the ST. Pats partiers are sick with the hangover BLUES. lol
Lets see what is going on!
Last edited by MoneyInc.; 05-05-2010 at 11:57 PM.
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03-18-2010, 06:58 PM #11679
long @ 90.32 with a tight stop. is anyone else long
closed my long for 15 pips
Last edited by chckchck; 03-18-2010 at 07:21 PM.
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03-18-2010, 07:59 PM #11680
Short @ 138.00
ADD- Just squeaked that one in. SL moved to BE
Last edited by 4xer; 03-18-2010 at 08:07 PM.
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03-18-2010, 08:04 PM #11681 Originally Posted by 4xer Short @ 138.00 Yes, that upper trendline I drew in the image above has held well.
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03-18-2010, 08:11 PM #11682 Originally Posted by willaballa Yes, that upper trendline I drew in the image above has held well. I agree. Mihai also has done the same as well as I think Skydiver. One thing for sure is that the spring is compressing in this triangle and it is getting ready for a surge in one direction or the other. Play wisely! UH UH I mean trade wisely!
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03-18-2010, 08:17 PM #11683
It is approaching the lower support now, lets see if it can break for us 4xer
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03-18-2010, 08:22 PM #11684 Originally Posted by willaballa It is approaching the lower support now, lets see if it can break for us 4xer It will break. Pressure is increasing.
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03-18-2010, 08:26 PM #11685 Originally Posted by 4xer I agree. Mihai also has done the same as well as I think Skydiver. One thing for sure is that the spring is compressing in this triangle and it is getting ready for a surge in one direction or the other. Play wisely! UH UH I mean trade wisely! Hi 4xer
Am i right in saying youve finely tuned your trading style recently. I know you mentioned making adjustments the other week. Looks like youve been having fun with this recently?
Today makes me think of something Cool said the other day ' ...the beast waiting to see which one of us blinks first'. Ive also added another SHORT @ 137.84, im not putting a Target on these going to let them play, will close them above 139.30 if i need to. Im working with small lots each time nothing to courageous.
by the way i like Brads chart
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