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11-02-2009, 03:37 PM
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Join Date: Nov 2008
Posts: 900
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Quote:
Originally Posted by skydiver
chart attached
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well bro im on sidelines. but i feel we will see 149 bfore downside. u know usually bfore asia opens. prices pop up to sky and then slowly come down. tats wat im expecting.
im shorting at 149.60 area with stops above 151 and target 143 |
11-02-2009, 03:49 PM
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Join Date: Sep 2009
Posts: 132
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Quote:
Originally Posted by cool_fx
well bro im on sidelines. but i feel we will see 149 bfore downside. u know usually bfore asia opens. prices pop up to sky and then slowly come down. tats wat im expecting.
im shorting at 149.60 area with stops above 151 and target 143
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Im still short 147.70 and waiting to add a further short targeting 145.80. I agree price is going to climb up some, probaly a retest of 149 and will get in around there. I have a long order now at 149.80 and will stop shorts there. |
11-03-2009, 06:56 AM
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Join Date: Oct 2009
Posts: 104
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i have a short order waiting @ 146.15, targeting dunno where, a very tight stop lost. what is every1 else doing ?
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11-03-2009, 07:05 AM
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Registered User
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Join Date: Oct 2009
Posts: 2
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Quote:
Originally Posted by JoeyChee
i have a short order waiting @ 146.15, targeting dunno where, a very tight stop lost. what is every1 else doing ?
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Targeting dunno where? |
11-03-2009, 08:04 AM
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Member
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Join Date: Oct 2009
Posts: 104
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Quote:
Originally Posted by kohzilla
Targeting dunno where?
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lol, it's because i am seeing a few support, 144.50 143.50 139.00, hoping to see if any1 has any idea where the more precise support is. |
11-03-2009, 01:49 PM
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Join Date: Nov 2008
Posts: 900
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im short at 148.20. the pivot for today is arnd 148.05. stops are above 150 area.
target is 146.16
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11-03-2009, 02:54 PM
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Member
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Join Date: Sep 2009
Posts: 132
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Quote:
Originally Posted by cool_fx
im short at 148.20. the pivot for today is arnd 148.05. stops are above 150 area.
target is 146.16
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Good entry, Im in again at 148.40 stop at 149.90. Will probaly close at 146.60. Once again price is struggling at the 148.50 level so I cant see this going above yesterdays 4hr shooting star at 148.90. Im not convinced there will be the volalitility thats been promised this week. Most funds have been priced in.
Closed yesterdays shorts for 100 pip profit and made a few scalps this morning, happy to be picking up some small 20-30 pip profits along the way. |
11-03-2009, 03:02 PM
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Member
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Join Date: Nov 2008
Posts: 210
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Quote:
Originally Posted by cool_fx
im short at 148.20. the pivot for today is arnd 148.05. stops are above 150 area.
target is 146.16
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Hey how u doing bro. is 146.16 the .618 fibs from highs of 162 and lows of 125? or is that S1? I'm currently short with SL at 149 from 148.31 for a very small position. But I strongly believe there's more of an upside to come. Tomorrow's FOMC news would trigger a breakout IMO. Till then would just carry out this trade for today. Target would be around 147.
happy trading
Add: For the Upside, see Vincy's EW chart on the EW forums. He has some interesting posts regarding EW. Would head up to 149ish or 150 before resuming down IMO before this week ends. |
11-03-2009, 06:05 PM
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Join Date: Nov 2008
Posts: 900
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i completely agree with u.
im gonna be out by few hrs bfore newyork open. there will b lot of price fluctuation.
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11-03-2009, 06:08 PM
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Join Date: Mar 2008
Posts: 71
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Hello all,
I see another 150-175 pip drop on this pair this week and next week. I don't hold a crystal ball here and I am not telling anyone to go short, but that's what my chart analysis tells me right now. Since I'm already short for a while on this pair, this comes as good news for me, BUT... I don't know (no one does) if this will happen, so I'm keeping my profit taking stops in place in case of a reversal.
__________________
Don't predict. React.
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11-03-2009, 07:03 PM
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DailyFX Power Course Instructor
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Join Date: Apr 2008
Posts: 458
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GBPJPY volatility on October's NFP announcement
Even pairs not having the USD as a part of them can and do experience volatility relative to the NFP. Here is last month's 5 minute chart as the number was announced.
Since NFP is this Friday, be aware...
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11-03-2009, 11:48 PM
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Join Date: Nov 2008
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Not a very eventful first 2 days, closed my shorts at 148. Will stay in the sidelines, and would jump in on a breakout on FOMC in a few hours time.
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11-04-2009, 01:40 AM
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Join Date: Oct 2009
Posts: 104
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Quote:
Originally Posted by kcooperj
Not a very eventful first 2 days, closed my shorts at 148. Will stay in the sidelines, and would jump in on a breakout on FOMC in a few hours time.
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hey just to confirm the time, FOCM is out 13 hours from now right ? |
11-04-2009, 02:03 AM
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Member
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Join Date: Nov 2008
Posts: 210
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Quote:
Originally Posted by JoeyChee
hey just to confirm the time, FOCM is out 13 hours from now right ?
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Are you from the Singapore/Malaysia area? If yes it will be released at 3.15am on Thursday Singapore/M'sia time.
You can go to dailyfx.com/calendar for more upcoming news.
Hope that helps. |
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