Comment by Jim Mathis on January 23, 2013 at 1:30am

Ultimately I would like to buy from much lower. Of course it is not up to me. And timing is everything. Could be usual both ways market till the maddogs and englishman come back. Personally do not mind grabbing 10-40 pips as was typical Asia overnight slow session before November  Have been spoiled as of late.

Anyway until ej clears my green line at 118.69, and closer at 11834, my view is down.

That said trading back and forth between significant support and resistance has been nice.

Stay nimble

Hope you are well.

Be advised: Charts I post are observations or trade ideas only. I post trades that I take, or levels that I am watching, in order to gain feedback and support from this community. I am most likely one of the least experienced posters to this forum. My recommendation is you do not take any posted trade blindly, least of all mine. Always consider your own charts and your trade plan. You are responsible for your own trading. That being said I would love to hear your views on anything that I have posted. 

Comment by Elric on January 23, 2013 at 1:44am

Hey Jim, great analysis on EJ & GJ pairs. just to check with you. GJ looks to goes up as the corrective wave ABC (A) have finished @ 1.00 target 139.97 and currently its doing another ABC (B) up of the retrace. so eventually im longing on GJ. What do you think of it? sorry can't provide chart as im @ work!

Comment by Elric on January 23, 2013 at 1:44am

1hour timeframe

Comment by Jim Mathis on January 23, 2013 at 2:18am

Hey Elric , Hope you are doing well Hour change, 14026 level, If we do not bounce up from here? I will be watching the levels on these charts for continue or reverse. I Like long gj eventually but from where? seems to be holding this level pretty well atm. Was a nice bounce at the 140 level. What level did you think to buy?

Comment by Jim Mathis on January 23, 2013 at 3:01am

955 pm est Have not gone far yet. Elric made a 8 min weekly on GJ, something I have been meaning to do. 

Comment by Elric on January 23, 2013 at 3:27am

sorry jim, was busy at work. not sure what you mean by 8min weekly for GJ. so whats your trade plan for both EJ and GJ

Comment by Jim Mathis on January 23, 2013 at 3:56am

Cheers Elric, weekly view on gj using 8 min time frame. I was looking for a dip down into London session or slightly before from which to look for a continued sell or a buy , that was my thought. Atm Other than pre tokyo and tokyo moves EJ has stood above 118.00, and GJ has held that 140 26 zone for a couple hours now. I am waiting now for a break of this current range.

 

Comment by Jim Mathis on January 23, 2013 at 4:07am

As far as levels go I was originally thinking a new low for EJ somewhere near to 117.20 117 before london then a buy into london  then another sell and eventually trading down to 11650 but this lack of follow through has reminded me to trade what I see until the market proves otherwise.  I still hold the shorts that I started this thread with, but have my stops at BE.

Comment by Jim Mathis on January 23, 2013 at 4:07am

Be advised: Charts I post are observations or trade ideas only. I post trades that I take, or levels that I am watching, in order to gain feedback and support from this community. I am most likely one of the least experienced posters to this forum. My recommendation is you do not take any posted trade blindly, least of all mine. Always consider your own charts and your trade plan. You are responsible for your own trading. That being said I would love to hear your views on anything that I have posted. 

Comment by Jim Mathis on January 23, 2013 at 4:21am

Do we clear the lows or bounce again. Watching closely.

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