Price is sitting on the 161% fib extension, and momentum indicators have turned up for now on the daily and 4 hour chart.
I have exited my short positions.
I have exited my short positions.
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DislikedNobody wants to go a long term short from here, that is for sure. Any temporary drop should be leftovers of bears activity.
I believe at least a 500 pips reversal (which is nothing compared to such a massive monthly drop) is inevitable ...
We must follow the chart though ...Ignored
Dislikedi have a feeling we're going to reverse from here again.
closing 1 short position for 330 pips.
no longs yet.Ignored
Dislikedhttp://img523.imageshack.us/img523/5...424x397pi8.jpg
ym break H4 trendline (confirmed on H1), expect new low on dow jonesIgnored
Dislikedthe pound has amost lost half of its value against the yen in less than a year. now that is what I call volatility. im glad I did not keep my cash in pounds.
Almost Half!Ignored
DislikedI guess that only applies if you are visiting Japan. The average Brit doesn't travel there so will not notice any difference in the value of the pound.Ignored
Dislikednope, nothing considerable yet.
edit: the only divergence i see is on 1m, but i wouldn't go for it just yet. i hope u're still short.Ignored
DislikedIt is going to affect the cost of electronics, etc which is priced in yen currency but other than that I guess not.
The only other people it affects is us traders!Ignored
Dislikedi have a feeling we're going to reverse from here again.
closing 1 short position for 330 pips.
no longs yet.Ignored
Dislikedjust wanna say thank you geppy for this move:
\"thank you geppy\"
IŽam flat.Ignored