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- hoh replied Sep 4, 2008
GBPJPY @ 191.75 now, rebounded from 191.44. Pressure is getting larger on bull side but if current level cannot stop bull attack, there are two final bear forces waiting at 191.90 and 192.05.
- hoh replied Sep 4, 2008
GBPJPY @ 191.72 now. Although balance for bull and bear has not yet break to any side, pressure is on bull side. So if bull cannot stand bear attack in this final stage, there'll be a big drop of price. More time is needed to resolving these two ...
- hoh replied Sep 3, 2008
GBPJPY @ 191.72 now, dropped from 191.99. Although this is not as good as 191.90, this is also a good price to short. The full bear force is now at 192.00 level but I'm hoping that price goes to my target first.
- hoh replied Sep 3, 2008
GBPJPY @ 191.67 now, rebounded from 191.47. The said 1H bull turned to bear very soon so price dropped sooner than my expectation. I expect a rebound to 191.75 - 191.80 before going south again.
- hoh replied Sep 3, 2008
GBPJPY @ 191.80 now. One 1H bear force turns to bull force so this time bull attack may be stronger than previous one. Two bear forces may not be strong enough so third bear force can help but this needs more time.
- hoh replied Sep 3, 2008
GBPJPY @ 191.85 now. Bear has stopped one bull attack so now price is at lower edge of this sideway channel. But bull has not yet given up so I think bull will try one more time and bear has to combine two forces to stop it.
- hoh replied Sep 3, 2008
GBPJPY @ 191.90 now. Two of three bear forces agree in this price so I think this is a good price for short. I've already in earlier so won't enter again.
- hoh replied Sep 3, 2008
GBPJPY @ 191.96 now. Price dropped from 191.99. Three different bear forces have not yet come to agree in current level so I expect there will be sideway in between 191.80 and 192.10 then go south again.
- hoh replied Sep 3, 2008
GBPJPY @ 191.71 now. Bear is a bit weak so the better price for next short is 192.10. I'll not enter again unless I've out.
- hoh replied Sep 3, 2008
GBPJPY @ 191.66 now. Price rebounded from 191.50. Strong confluent resistance for 4H, 1H and 15M at 191.90. Another 1H resistant force is joining the group. If I'd not entered, I would wait for price to retrace to this price and short.
- hoh replied Sep 3, 2008
GBPJPY @ 191.61 now. I shorted at 191.82 ten minutes ago. Not a good price because I started my homework late this morning and best entry prices were 192.20 and 192.35. Also price is expected to rebound to about 192.00 before hitting my target at ...
- hoh replied Sep 3, 2008
GBPJPY @ 192.39 now. Here is 4.19 p.m. Malaysia time. Enough for today which was initially a ranging day. Now is a confirmed down trend. I'm now debugging my indicators. Bye.
- hoh replied Sep 3, 2008
GBPJPY @ 192.56 now. Trade manually closed at 192.59. 35 pips profit excludes 4 pips spread.
- hoh replied Sep 3, 2008
GBPJPY @ 192.75 now. Red flag UK Services PMI is going to be announced in 40 minutes time. Wondering my target can be hit.
- hoh replied Sep 3, 2008
GBPJPY @ 192.93 now. Target changed to 192.54. 4 pips spread.
- hoh replied Sep 3, 2008
GBPJPY @ 192.88 now. Shorted at 192.98. Target 192.60.
- hoh replied Sep 3, 2008
GBPJPY @ 193.01 now. Bull failed to take out 193.25 for three times. I'm thinking of taking a high risk short trade to 192.60.
- hoh replied Sep 3, 2008
GBPJPY @ 193.22 now. Pending 193.60 short order was cancelled. These is no confluent resistant at 193.50 and 193.70. Waiting for price to stand above daily pivot 193.70 for long chances. Today may have no trade because price may be ranging around ...
- hoh replied Sep 3, 2008
Note: Today's pivot is 193.70 so short at 193.60 is a high risk trade, especially when 193.25 becomes a strong support.
- hoh replied Sep 3, 2008
GBPJPY @ 192.97 now. Strong resistant @193.25 just now. This was confluent resistant for 4H, 1H and 15M so if price breaks it this will be a strong support. Looks like bull needs more energy to break it. On the other hand, if price rallies downward, ...