Guppy disrespects Forexers channel
132.25 (38.2) is not likely to hold here. So much for that downward channel.
I say down to 131.35ish (50%) then back up to test 133.00. if 131.35 doesn't hold then its back down to test 61.8 @ 130.45ish.
LT still up and 129.50 did hold after all except for a spike or two below that.
It sure looked like a nice channel down.
I was so wrong on GU and USD looks like it wont get past 81.00 forget 82.00 for now.
After Obama's (taxcut) speech (which seemed rather encouraging) it would seem a rally would be in order, but the juggling act continues.
I say down to 131.35ish (50%) then back up to test 133.00. if 131.35 doesn't hold then its back down to test 61.8 @ 130.45ish.
LT still up and 129.50 did hold after all except for a spike or two below that.
It sure looked like a nice channel down.
I was so wrong on GU and USD looks like it wont get past 81.00 forget 82.00 for now.
After Obama's (taxcut) speech (which seemed rather encouraging) it would seem a rally would be in order, but the juggling act continues.
Total Comments 21
Comments
(Must register to comment)-
Yup it was a perfect channel break. Very powerful up move.Posted 12-09-2010 at 07:22 AM by forexer
[Show Appreciation]
What's This?
-
Forexer, what is your position on the Guppy?Posted 12-09-2010 at 08:25 AM by larryfolson 
[Show Appreciation]
What's This?
-
Forexer, do you remember my down trend zone on this pair?
Posted 12-09-2010 at 08:35 AM by The Chartist
[Show Appreciation]
What's This?
-
I think if guppy can hold 132.25 here it may be easier to break thru 133.00
but 132.25 could hold but it really doesn't look like it will.Posted 12-09-2010 at 08:36 AM by Elijah
[Show Appreciation]
What's This?
-
Yea. I'm sorry and embarrassed i disregarded your analysisQuote:Originally Posted by The Chartist
Forexer, do you remember my down trend zone on this pair?
Posted 12-09-2010 at 08:54 AM by forexer
[Show Appreciation]
What's This?
-
I have no position on now. I got out of my shorts long ago. I need to see it play with 134-40ish area before i enter long or short. Its quite uncertain here.Quote:Originally Posted by larryfolson
Forexer, what is your position on the Guppy?Posted 12-09-2010 at 09:00 AM by forexer
[Show Appreciation]
What's This?
-
I wasn't looking for thatQuote:Originally Posted by forexer
Yea. I'm sorry and embarrassed i disregarded your analysis
lol I Just wanted to point it out for learning purposes and to help me become more confident in the way I am drawing them.Posted 12-09-2010 at 09:05 AM by The Chartist
[Show Appreciation]
What's This?
-
I must have missed your analysis on that trade. Darn, I been trying to follow you on that.Quote:Originally Posted by forexer
I have no position on now. I got out of my shorts long ago. I need to see it play with 134-40ish area before i enter long or short. Its quite uncertain here.
I'm not getting e-mails of peoples post not sure why.Posted 12-09-2010 at 01:01 PM by larryfolson
[Show Appreciation]
What's This?
-
And I know what you are thinking here, probably the same as me, continuation down, 50.0% 131.30 held for now, but guppy is struggling with 131.85 currently, and if it cant break thru here real soon look for her to tumble below 50.0% again @ 131.30 and head to the next fib line 100 pips down.Posted 12-14-2010 at 10:29 AM by Elijah
[Show Appreciation]
What's This?
-
131.80 is like the pivot for now i think. Doesn't seem like its ready for a great trend yet, as always!Posted 12-14-2010 at 09:53 PM by forexer
[Show Appreciation]
What's This?
-
Guppy is heading for the border (southern), I expect 131.00 to hold for now, another good place to add another long
Posted 12-15-2010 at 06:43 AM by Elijah
[Show Appreciation]
What's This?
-
Damn, she just touched the lower donchain line on the h4, this means it might go lower.Posted 12-15-2010 at 08:51 AM by forexer
[Show Appreciation]
What's This?
-
Say hello to 130.45Posted 12-15-2010 at 11:42 AM by Elijah
[Show Appreciation]
What's This?
-
guppy is now wondering how far south she is going to have to go before forexer picks her up and takes her back to the North PolePosted 12-21-2010 at 08:08 AM by Elijah
[Show Appreciation]
What's This?
-
Still cannot clear the strong demand area!Posted 12-21-2010 at 08:18 AM by forexer
[Show Appreciation]
What's This?
-
161.8% @ 126.52 ?Posted 12-21-2010 at 02:29 PM by Elijah
[Show Appreciation]
What's This?
-
Guppy might be heading higher soon. I say this because the h4 volumes and the daily volumes are decreasing as she head south. Maybe this is just some Christmas effect but that is something to note.Posted 12-22-2010 at 07:21 AM by forexer
[Show Appreciation]
What's This?
-
Anyways the daily shows price hitting the lower donchain line. The lower donchain line has been continually pressed down. This is quite bearish.
Elijah, what do you think about the eurusd vs guppy? Are they co-related? Quite extreme as i see it. eur vs sterling and dollar vs yen.Posted 12-22-2010 at 07:23 AM by forexer
[Show Appreciation]
What's This?
-
I regularly watch Eur/usd as that is like a gauge to the world. I used to trade the EUR/JPY
but found guppies swings were more fierce. ANd nothing better than being on the right side of the market on a fierce move, as long as you have the nerves to hold on and sit on your hands and let the trade play out.
Never really thought of or tried to corrrelate the EUR/USD to the GBP/JPYPosted 12-23-2010 at 06:26 AM by Elijah
[Show Appreciation]
What's This?
-
So whats your outlook for guppy in 2011? Should the pound rally hard against the yen at last?! Saw in the news flash that UK hinted that they were thinking of "normalizing" rates in 2011. What do you think? Of course i'm talking about large swings in terms of months, not days or hours!Posted 12-23-2010 at 12:45 PM by forexer
[Show Appreciation]
What's This?
