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- peaches replied Oct 23, 2008
current daily candle has ~ 600 pips, its a pretty short candle in this environment...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
if you have no direction, look at the monthly
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
thanks
this system works pretty nice Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
if we got a 800 pip daily candle target is ~152.60 if we got a 1000 pip daily candle target is ~ 150.60 if we got a 1200 pip daily candle target is ~ 148.60
this would nearly complete monthly 100 % fibo retracement.. But I donīt want to be greedy ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
malcolm, I try your method too, pretty nice results. What is your SL on this ?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
thanks
for geppy: in case of target 155,XX, this would be a daily candle with 550 pips. compared with yesterday and the day before we have hat 800 and 1000 pips daily. Today would be a very short daily candle compared with previous days. ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
I `am often off topic, sorry. yen crosses are on the edge today or tommorrow because of tnx development. geppy charts are clear bearish, but EJ has made a 100 % monthly+ fibo retrace and break this level. So, what will geppy do ? ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
5, what do you see targets for GU ? 1.60 will be reached quick....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
here: http://stockcharts.com/charts/gallery.html?$TNX you have to refresh your browser sometimes to see development of candle. I see 2 possibillities. Bounce from trendline, or break of trendline. In case of break trendline, yen crosses will go much ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
TNX daily candle turned from bullish to doji. Good for fall geppy
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
I take the second guess.
Dow 1 h has a confirmed 1 h harami pattern. It will fall more. This gives us a 4 h candle which indicates with its upper wick selling pressure.Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
what a fu+++, pretty gone mad aud. happy to be on the right site of the trade...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
bears awake, but its only dow falling... watch for 1 h trendline break (yellow)...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
well. it is what we see: a 1 h doji represents indicision in the market. next 1 h candle will confirm true change in trend (bullish), or continuation in downtrend (a bearish 1 h candle).
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
observe development of tnx, make a browser refresh every few minutes: http://stockcharts.com/charts/gallery.html?$TNX tnx now has an upper wick.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
we might have found a bottom. will know in 1,5 h, when current 4 h candle closes. a more save statement will be after the daily close. maybe the 4 h candles just forms is upper wick, its hard to say.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 23, 2008
com on, this is nothing. last days candles have had 900 pips and 1000 pips. Current candle has ~ 500 pips. A bearish target would be 151,500 - 153,500. A bullish one would be 163.500 - 165.500. Wait for dow fall + tnx fall.
Auslanco - GBP/JPY and GBP/USD (newstrade)