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  #751 (permalink)  
Old 09-02-2009, 02:06 AM
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It was a very very big doji spike on the H4 to catch 149.1

There should be a bit of a gain from here. There's no sign of a semafor on the way up yet on H4, although H1 has formed a (2) showing there might be some minor fallback, but not expecting to go short on the H4 for some time.

I went short at 150.5 resistance line - looking good for a few pips - will come out at next semafor down.


...Still waiting for that semafor... getting perilously close to 149 again.

Last edited by clocksley; 09-02-2009 at 02:51 AM..
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  #752 (permalink)  
Old 09-02-2009, 02:54 AM
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wow we are going down bad timing
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  #753 (permalink)  
Old 09-02-2009, 03:02 AM
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Originally Posted by extratrade View Post
wow we are going down bad timing
As a rule I keep an eye on fib lines - on the way up it hit the 38.2% and formed a semafor - this is a sure sign it is coming back down - although the amount has surprised me!
Made £150 and getting out - not sure about going long again yet as it may retest the 149 again.

Just as I finish typing it does just that!

Last edited by clocksley; 09-02-2009 at 03:06 AM..
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  #754 (permalink)  
Old 09-02-2009, 03:31 AM
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EUR Euro-Zone Gross Domestic Product s.a. (YoY) (2Q P)


EUR European Central Bank Interest Rate Decision

USD Change in Non-Farm Payrolls (AUG)

Higher Then The Expectation as we have seen the... Wed Sep 2 GDP.. Aussi Yoy..2Q.. 0.6%


they Effect the jpy as well..

the New economy Result..

For more... The EW..

hour

Attachment 36416
.......................

gbp-jpy-savvwww.jpg
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  #755 (permalink)  
Old 09-02-2009, 03:39 AM
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My Man Brad... Do you have Any Great Analysis on Gbp/usd and Usd/jpy...

I just want hold some Longer term on those Pair..


thanks
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  #756 (permalink)  
Old 09-02-2009, 04:24 AM
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Bouncing between 149.7 and 149.6 M5 resistance.

Not very decisive this pair recently!
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  #757 (permalink)  
Old 09-02-2009, 05:11 AM
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guys, once again in my humble opinion plzzz remain on sideline till the US non farm pay roll comes in.

yesterday i made nearly extra 100 PIPS just bcoz i waited for the bounce created by volatility and then entered at 151.80 and 151.50 . and funny thing is 5 mins bfore news came out it was 150.60 and booom it went to 151.90.

so one cud take advantage of that again today. i cannot guarantee this will happen again today. but if it happens u will again make some profit.

today v hve two oppurtunities. one is NFP news and then around noon in US we have US FOMC minutes.

got entered last night again at 150.50 and closed at 149.00 , made an awwesome profit. when this pair behaves predictabily there is no limit to the profit u can make. lol.
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  #758 (permalink)  
Old 09-02-2009, 05:43 AM
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Originally Posted by cool_fx View Post
guys, once again in my humble opinion plzzz remain on sideline till the US non farm pay roll comes in.

yesterday i made nearly extra 100 PIPS just bcoz i waited for the bounce created by volatility and then entered at 151.80 and 151.50 . and funny thing is 5 mins bfore news came out it was 150.60 and booom it went to 151.90.

so one cud take advantage of that again today. i cannot guarantee this will happen again today. but if it happens u will again make some profit.

today v hve two oppurtunities. one is NFP news and then around noon in US we have US FOMC minutes.

got entered last night again at 150.50 and closed at 149.00 , made an awwesome profit. when this pair behaves predictabily there is no limit to the profit u can make. lol.
The consensus is for worse figures (slightly) so we expect a sudden dip if that's true followed by a steady climb again?
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  #759 (permalink)  
Old 09-02-2009, 05:59 AM
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Originally Posted by clocksley View Post
The consensus is for worse figures (slightly) so we expect a sudden dip if that's true followed by a steady climb again?
well this is wat is getting me. Yesterday news came better than expected yet it went wayyyy down. So cud v go down today suddenly and then go up? as u r suggesting.

or bcoz the news is so bad, cud it spike up till 151.37 (the 100SMA hourly) and then start the descent again till 147?

tats why i wanna remain on sideline and watch the show till 5 mins after news.
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  #760 (permalink)  
Old 09-02-2009, 06:10 AM
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'How Can You Be Bearish When the Economy is Improving?' | Elliott Wave International


September Effect Could Push S&P 500 Lower, Japanese Yen Higher
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  #761 (permalink)  
Old 09-02-2009, 07:15 AM
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Just before any news my broker always rather unhelpfully whacks the spread up to about 200. Cheers for that!
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  #762 (permalink)  
Old 09-02-2009, 07:41 AM
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Just before any news my broker always rather unhelpfully whacks the spread up to about 200. Cheers for that!
that sux, change broker imo.

Anyone see Gold just now - 1000pips in 3 seconds flat
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  #763 (permalink)  
Old 09-02-2009, 08:03 AM
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Are we heading for another re-test of 149.0 ???
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  #764 (permalink)  
Old 09-02-2009, 08:14 AM
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Double Top with Minimum Price Target on GBP/JPY!

Guys, check this out and see what you think: Do Charts Patterns Still Work?
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gbp-jpy-2.jpg  

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Old 09-02-2009, 08:16 AM
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Are we heading for another re-test of 149.0 ???

Propably and it can go down under that
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