Wednesday, June 10, 2009

GJ Weekly Levels

Glancing at the GJ weekly chart we can see that this monster has given so many pips it's shocking that I haven't taken train at least once and hoped for the best. More than 6100 Pips short last year since the summer and an additional 2100 this year, with barely a drawdown in sight. Stomach churning missed opportunity.

On the radar above is 165.97 which we will probably see in the next 2 hours the way GJ is trading this week (only half joking). On the downside is sturdy 150.30 which may be an excellent place to pick up the lottery ticket longs.

Will definetly review this chart on a regular basis.

No comments: