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- peaches replied Oct 29, 2008
I agree with long. This was the 50 % retracement of the last bull run. From daily candlestick point of view, we have seen yesterday a large bullish engulfing candle. And todays daily candle has no upper wick and is bearish. So lets start to build an ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
163.80 is definitly on the cards...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
EJ has done more then a 50 % retracement, UJ has done more then a 50% retracement, and AJ has done more then a 50 % retracement....Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
I prefer a fibo retrace for the last hour of this trading session. But there is no volume, everybody is dringing coffee, beer or something. I will take, what is offered.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
I`am expecting this daily candles by tommorrow end (I marked them in the past): Up till one of this fibo levels, and then big down. btw, daily TNX has a hanging man pattern. http://stockcharts.com/charts/gallery.html?$TNX This is a bearish reversal ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
malcolmb, you got it again !Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
hi mykefx, I give the 5 min rsi13 system from malcmolmb a try, since 1 week. If you know the main direction, enter if the rsi13 is below 30 or above 70. I use this as entrys and exits with very good results in a trending market.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
I`am very happy with this targets, because they will give me better entrys for short
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
I agree with target 154.X for today. But different argument
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
Maybe this bullish reversal pattern is still valid. It was just rejected from the 100 % monthly fibo-level, which is broken to the upside now.
Daily candle chart
- peaches replied Oct 28, 2008
Hussin is getting a new internet-connection, he is only online with a dial up, pretty slow. We have to wait, until his provides has fixed it.
Daily candle chart
- peaches replied Oct 28, 2008
Just to keep in mind we have had a 4 h close above gann line...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
GJ loves 50 % retracements, if there is one
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 28, 2008
Its a retest of the monthly 100 % fibo level,to proof if it is resistance now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peaches replied Oct 27, 2008
no more bottom picking ?
I have to go to bed now, nighty 
Auslanco - GBP/JPY and GBP/USD (newstrade)