GJ Hi 210.16
Lo 207.95
GJ did a major pull down yesterday. It broke through the support at 209.0
The next support is at 207
Potential, GJ needs a breather or a reverse before another climb down.
I expect it to reverse at 208 back to EMA21 (1 hour chart) at ~209.5
Of course should be it below 207.5, it may go to the next support at 207.0 / 206.0
GU
GU did another attempt at 1.997 (EMA200 Daily chart). It breakout of the EMA21 (1 hour chart) at 1.986 and instead of reversing to EMA100 (1 hour chart) to 1.980.
The price now is at 1.988, hovering just above EMA21 (1 hour chart)
It may does another breakout at 1.995 and potential to head towards 2.000
It may on the other choose to consolidate and move side way, or attempt to break EMA21 (1 hour chart) towards EMA55 (1 hour chart) at 1.980
Friday, February 29, 2008
Thursday, February 28, 2008
28 Feb 2008
GJ Hi 211.85
Lo 210.64
The market went down with a more than 200pips dip yesterday, after a failed breakout from EMA55 (daily chart) north towards EMA100 (daily chart). As such EMA55 will still form a resistance at ~213.50
Support is at EMA21 (daily chart) at ~210.40. A breakout south from EMA21 will find support at ~209.0 (Fib retracement daily chart)
GU
The price attempt EAM200 (Daily chart) yesterday. In fact it did a double top before climbing down, and sail pass EMA21 (1 hour chart).
I expect the price to consolidate today, after the last 2 days of big movement. The band will be between EMA21 and EMA55 (1 hour chart) at 1.985 and 1.980 respectively.
CCI has not go into overbought, but gradient is tapering off. Of course breakout north is still possible at 1.985 towards EMA200 (daily chart) and beyond.
Should GU break south, it will be supported at 1.976 (EMA100 1 hour chart) followed by 1.970 (EMA200, 1 hour chart)
Lo 210.64
The market went down with a more than 200pips dip yesterday, after a failed breakout from EMA55 (daily chart) north towards EMA100 (daily chart). As such EMA55 will still form a resistance at ~213.50
Support is at EMA21 (daily chart) at ~210.40. A breakout south from EMA21 will find support at ~209.0 (Fib retracement daily chart)
GU
The price attempt EAM200 (Daily chart) yesterday. In fact it did a double top before climbing down, and sail pass EMA21 (1 hour chart).
I expect the price to consolidate today, after the last 2 days of big movement. The band will be between EMA21 and EMA55 (1 hour chart) at 1.985 and 1.980 respectively.
CCI has not go into overbought, but gradient is tapering off. Of course breakout north is still possible at 1.985 towards EMA200 (daily chart) and beyond.
Should GU break south, it will be supported at 1.976 (EMA100 1 hour chart) followed by 1.970 (EMA200, 1 hour chart)
Wednesday, February 27, 2008
27 Feb 2008
GJ Hi 213.52
Lo 212.83
GJ tested the EMA55 (daily chart) and start its retracement to EMA21 (1 hour chart) in the morning trading.
Resistance EMA55 (daily chart) at 213.0 and the next at EMA100 (daily chart) at ~217.0
Support is at EMA55 (1 hour chart) at 212.3
Should GJ clear past Hi at 213.52, the traget will be 217. Place long limit at 213.52, TP 214.52, SL 212.52
The movement this morning is fast, expecting a rebound off EMA21 (1 hour chart), before attempting EMA55 (1 hour chart). No clear indication of movement.
GU
It breaks north after sailing past 1.974 and head straight towards 1.985 (high was at 1.989). It did a retracement, but the CCI indicator still shows strength to bring GU to a overbought state.
1.990 is one price to watch. Should GU clear this the next big resistance will be at 2.000, which is also around EMA200 (daily chart).
On the contrary, GU may make a retracement, first to 1.980 (EMA21 1 hour chart), then to 1.974 (EMA55 1 hour chart)
Place long limit order at 1.974, TP 1.985
Long limit order at 1.9900, TP 1.9995
Lo 212.83
GJ tested the EMA55 (daily chart) and start its retracement to EMA21 (1 hour chart) in the morning trading.
Resistance EMA55 (daily chart) at 213.0 and the next at EMA100 (daily chart) at ~217.0
Support is at EMA55 (1 hour chart) at 212.3
Should GJ clear past Hi at 213.52, the traget will be 217. Place long limit at 213.52, TP 214.52, SL 212.52
The movement this morning is fast, expecting a rebound off EMA21 (1 hour chart), before attempting EMA55 (1 hour chart). No clear indication of movement.
GU
It breaks north after sailing past 1.974 and head straight towards 1.985 (high was at 1.989). It did a retracement, but the CCI indicator still shows strength to bring GU to a overbought state.
1.990 is one price to watch. Should GU clear this the next big resistance will be at 2.000, which is also around EMA200 (daily chart).
On the contrary, GU may make a retracement, first to 1.980 (EMA21 1 hour chart), then to 1.974 (EMA55 1 hour chart)
Place long limit order at 1.974, TP 1.985
Long limit order at 1.9900, TP 1.9995
Tuesday, February 26, 2008
26 Feb 2008
GJ Hi 212.91
Lo 212.23
Resistance ~213.0 (Daily Chart EMA55)
Support 212.13 (1 hour chart EMA21)
Should GU break ~213.0, the next level it will attempt is 217 (daily chart EMA100)
Going down look to face more resistance - from the 1 hour chart EMA21 at 212.13, EMA55 at 211.60, EMA100 at 211.3 and EMA200 at 211.0.
GU consolidated between EMA21 and EMA55 (daily chart).
CCI indicator shows signs of weakening.
The breakout price is at 1.974 for going north, and 1.958 for going south.
The level of resistance at 1.985 (daily chart EMA 100) and support at ~1.940 (where 3 bottoms from the daily chart holds)
Lo 212.23
Resistance ~213.0 (Daily Chart EMA55)
Support 212.13 (1 hour chart EMA21)
Should GU break ~213.0, the next level it will attempt is 217 (daily chart EMA100)
Going down look to face more resistance - from the 1 hour chart EMA21 at 212.13, EMA55 at 211.60, EMA100 at 211.3 and EMA200 at 211.0.
GU consolidated between EMA21 and EMA55 (daily chart).
CCI indicator shows signs of weakening.
The breakout price is at 1.974 for going north, and 1.958 for going south.
The level of resistance at 1.985 (daily chart EMA 100) and support at ~1.940 (where 3 bottoms from the daily chart holds)
Monday, February 25, 2008
25 Feb 2008
GJ Hi 211.47
Lo 210.75
Resistance line at ~213 (1 day chart EMA 55)
Support at ~210.76 ( 1 hour EMA200), in addition, Fib retracement (daily chart) still holds at ~209.0
Place Long Limit 211.47, TP 212.47, SL 210.47
Place short limit 210.75-0.25 = 210.5, TP = 209.5, SL 211.5
GU
I am expecting a movement that is kept within the EMA21 and EMA55 (daily chart). That is 1.970 and 1.961, before a breakout.
As such, long and short order can either be placed to cstch the whip saw movements or simple wait for the breakout.
Lo 210.75
Resistance line at ~213 (1 day chart EMA 55)
Support at ~210.76 ( 1 hour EMA200), in addition, Fib retracement (daily chart) still holds at ~209.0
Place Long Limit 211.47, TP 212.47, SL 210.47
Place short limit 210.75-0.25 = 210.5, TP = 209.5, SL 211.5
GU
I am expecting a movement that is kept within the EMA21 and EMA55 (daily chart). That is 1.970 and 1.961, before a breakout.
As such, long and short order can either be placed to cstch the whip saw movements or simple wait for the breakout.
Friday, February 22, 2008
22 Feb 2008
GJ Hi 211.35
Lo 210.21
The high was created at the last minute of the 0900/0959 SGT candle.
Yesterday a peak was created at ~212, as such this pair may faced resistance at around that level. The next resistance is at ~213.30 (daily chart EMA55). Therefore it is either enter the market order for long and take profit just below 212 (or 25 below 212) to expect a reverse, or enter above 212 to expect a breakout
Support firmly at ~210.67 (1 hour chart EMA200/ EMA100 and EMA55)
Place long limit order at 212.01, TP, 213.01, SL 211.01
Place short limit order at 210.21, TP 209.21, SL 211.21
GU signal for bull run is here. But expect a breather, after yesterday >200pips run. The first resistance line is at 1.971 (EMA55 from daily chart). Should it clear this, the next will be towards EMA100 at 1.986. CCI(14) and CCI(34) shows no sign of reversal, strongly punching through the BB.
Support can be found at EMA21 (1 hour chart) at 1.959. I am expecting a rebound towards 1.971 after the support rebound. Next level of support is at 1.955 (EMA200 1 hour chart)
Lo 210.21
The high was created at the last minute of the 0900/0959 SGT candle.
Yesterday a peak was created at ~212, as such this pair may faced resistance at around that level. The next resistance is at ~213.30 (daily chart EMA55). Therefore it is either enter the market order for long and take profit just below 212 (or 25 below 212) to expect a reverse, or enter above 212 to expect a breakout
Support firmly at ~210.67 (1 hour chart EMA200/ EMA100 and EMA55)
Place long limit order at 212.01, TP, 213.01, SL 211.01
Place short limit order at 210.21, TP 209.21, SL 211.21
GU signal for bull run is here. But expect a breather, after yesterday >200pips run. The first resistance line is at 1.971 (EMA55 from daily chart). Should it clear this, the next will be towards EMA100 at 1.986. CCI(14) and CCI(34) shows no sign of reversal, strongly punching through the BB.
Support can be found at EMA21 (1 hour chart) at 1.959. I am expecting a rebound towards 1.971 after the support rebound. Next level of support is at 1.955 (EMA200 1 hour chart)
Thursday, February 21, 2008
21 Feb 2008
GJ Hi 210.42
Lo 209.70
Resistance line at EMA200 (1 hour chart ) at ~210.6
Support at Fib retracement (daily chart at ~209.0)
Place Long limit order at 210.42 + 25 = 210.62, TP 211.62, SL 209.62
Short Limit order at 209.7, TP = 209.7-25 = 209.45, SL 208.7
GU should find its support at 1.9330 and 1.9250. Failure to rebound at this level will bring a whole year low, potentially to go below 1.900.
One the positive side, GU has shown sign of reversal, bouncing off the support at 1.9330 yesterday. Still waiting for clear signal in the CCI (daily chart) to confrim reversal.
Lo 209.70
Resistance line at EMA200 (1 hour chart ) at ~210.6
Support at Fib retracement (daily chart at ~209.0)
Place Long limit order at 210.42 + 25 = 210.62, TP 211.62, SL 209.62
Short Limit order at 209.7, TP = 209.7-25 = 209.45, SL 208.7
GU should find its support at 1.9330 and 1.9250. Failure to rebound at this level will bring a whole year low, potentially to go below 1.900.
One the positive side, GU has shown sign of reversal, bouncing off the support at 1.9330 yesterday. Still waiting for clear signal in the CCI (daily chart) to confrim reversal.
Wednesday, February 20, 2008
20 Feb 2008
GJ Hi 210.35
Lo 209.59
Resistance at 1hour 200EMA at 210.8, next at ~213.4 (1day EMA55)
Support at ~209.5 than ~206.8 (Fib retracement from 1 day chart)
To enter high, it will be good to wait for the price to clear EMA200 at 210.8, that is enter at 210.8+0.25 = 211.05, TP at 212.05, SL 210.05
For Low enter at 209.59, TP 208.59, SL at 210.59
Mistake, mistake (added at SGT2000hrs)
As I check the daily fib retracement, a support line was at ~209.0. That means that the short limit order should be place below that.
GU strongly supported at ~1.9475.
Resistance for breakout at EMA100 1 hour chart at ~1.9525, before meeting another resistance at EMA200 (1 hour chart) at ~1.965
Should support be broken at ~1.9415, GU will create a new low. However on the daily chart, using the CCI signal, GU showed sign of a upward movement. Give another day or so, before confirming any long position.
Lo 209.59
Resistance at 1hour 200EMA at 210.8, next at ~213.4 (1day EMA55)
Support at ~209.5 than ~206.8 (Fib retracement from 1 day chart)
To enter high, it will be good to wait for the price to clear EMA200 at 210.8, that is enter at 210.8+0.25 = 211.05, TP at 212.05, SL 210.05
For Low enter at 209.59, TP 208.59, SL at 210.59
Mistake, mistake (added at SGT2000hrs)
As I check the daily fib retracement, a support line was at ~209.0. That means that the short limit order should be place below that.
The short limit order, was filled at 209.59 and the retracement at the support 209.0 was made. As such, any possible chance now was to close the order and hopefully take some profit
GU strongly supported at ~1.9475.
Resistance for breakout at EMA100 1 hour chart at ~1.9525, before meeting another resistance at EMA200 (1 hour chart) at ~1.965
Should support be broken at ~1.9415, GU will create a new low. However on the daily chart, using the CCI signal, GU showed sign of a upward movement. Give another day or so, before confirming any long position.
Tuesday, February 19, 2008
19 Feb 2008
GJ Hi at 211.50
Lo at 211.69
Resistance remain unchange at ~213.60 (1 day EMA55)
Support remain at ~210.73 (1 day EMA21)
Long Limit order placed at 211.50, TP 212.50, SL 210.50
Short Limit order not placed as I have one short order still open. TP at 209.60, SL at 211.60
GU was supported at ~1.950. I am expecting some whip saw movement in the region 1.960 and 1.950.
A long position above at 1.960 (1 hour 200EMA) will be good for entry.
The next level of support is found at 1.938. CCI signals still show GU having the potential to go lower. Reversal may not in sight today.
Lo at 211.69
Resistance remain unchange at ~213.60 (1 day EMA55)
Support remain at ~210.73 (1 day EMA21)
Long Limit order placed at 211.50, TP 212.50, SL 210.50
Short Limit order not placed as I have one short order still open. TP at 209.60, SL at 211.60
GU was supported at ~1.950. I am expecting some whip saw movement in the region 1.960 and 1.950.
A long position above at 1.960 (1 hour 200EMA) will be good for entry.
The next level of support is found at 1.938. CCI signals still show GU having the potential to go lower. Reversal may not in sight today.
Monday, February 18, 2008
18 Feb 2008
GJ Hi at 212.17
Lo at 210.93
Day resistance line is at ~213.77
Day support line at ~210.67
As such, place Long limit order at 212.17, TP at 213.17, SL at 211.17
For short limit order, I placed it at 210.93-25pips = 210.68, TP at 209.68, SL at 211.68
GU should finds its support at 1.9502 and should it be so, formed the B-wave and thus creating the potential for GU to reach new high at 1.974
Lo at 210.93
Day resistance line is at ~213.77
Day support line at ~210.67
As such, place Long limit order at 212.17, TP at 213.17, SL at 211.17
For short limit order, I placed it at 210.93-25pips = 210.68, TP at 209.68, SL at 211.68
GU should finds its support at 1.9502 and should it be so, formed the B-wave and thus creating the potential for GU to reach new high at 1.974
Friday, February 15, 2008
15 Feb 2008
GJ for 15 Feb
Hi: 212.94
Lo: 211.96
Support line at EMA55 from 1 hr chart at 211.88
Resistance at 214.00
As such Long Limit Order: 212.94, SL 211.94, TP 213.94
Short Limit Order: 211.96-25 = 211.71, SL 212.71, TP 211.11 (70 pips, another support at EMA100 from 1 hour chart)
The reasons for putting a short limit order at 211.71 instead of 211.96 is to clear the EMA55 line. Once cleared, the price will have the liberty to go further to EMA100.
Hi: 212.94
Lo: 211.96
Support line at EMA55 from 1 hr chart at 211.88
Resistance at 214.00
As such Long Limit Order: 212.94, SL 211.94, TP 213.94
Short Limit Order: 211.96-25 = 211.71, SL 212.71, TP 211.11 (70 pips, another support at EMA100 from 1 hour chart)
The reasons for putting a short limit order at 211.71 instead of 211.96 is to clear the EMA55 line. Once cleared, the price will have the liberty to go further to EMA100.
Thursday, February 14, 2008
14 Feb 2008
Low for Nicotina GJ play is 211.06 not 211.07, but 1 pip what is the difference.
Anyway, not entering the short limit order play today.
Will wait for long limt order to trigger.
Anyway, not entering the short limit order play today.
Will wait for long limt order to trigger.
14 Feb
The high and low for GBP/JPY play is
Hi 212.830
Lo 212.07
Hi and Lo taken from 1800GMT to 0159GMT or 0200hrs to 0959hrs Singapore time (SGT), using Oanda 1 hour chart
There is a support (EMA21, 1 hour chart) at 211.83-211.80, moreover the low was triggered at 0959SGT.
Resistance line (EMA55, 1 day chart) at 214.0
As such I will set
Long limit order: 212.830, SL 212.830, TP 213.830
Short Limit order: wait and see, will update again at 1200hrs SGT
Hi 212.830
Lo 212.07
Hi and Lo taken from 1800GMT to 0159GMT or 0200hrs to 0959hrs Singapore time (SGT), using Oanda 1 hour chart
There is a support (EMA21, 1 hour chart) at 211.83-211.80, moreover the low was triggered at 0959SGT.
Resistance line (EMA55, 1 day chart) at 214.0
As such I will set
Long limit order: 212.830, SL 212.830, TP 213.830
Short Limit order: wait and see, will update again at 1200hrs SGT
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