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- goonergonebad replied Nov 21, 2007
The Legion of Doom — By Ed Ponsi (Online Trading Academy) The weak greenback is a cause for celebration for the enemies of the U.S., and now Venezuelan President Hugo Chavez is weighing in on the falling U.S. Dollar. "Soon we will not talk ...
- goonergonebad replied Oct 1, 2007
Yen crosses seem to be headed south... — If the 5 SMA emphatically goes below the slower moving average on 2 or more Yen crosses by Frankfurt\London tomorrow, I think we could see the bears going down to the woods for a substantial picnic.
- goonergonebad replied Aug 2, 2007
I agree, my two MAs have more or less been running in parallel for the last two hours now. We will know one way or the other after the news for GB and EURO. Just a thought. GB rate remained the same, so if no change in EURO rate then presumably the ...
- goonergonebad replied Jun 25, 2007
I have created a spreadsheet based on your formula. It seems OK. Don't know if the results are accurate. Anyway the MS Excel spreadsheet is not attached as FF don't seem to allow this type of file. If you would like it email me privately I will try ...
- goonergonebad replied Jun 20, 2007
Do you mean like this? I did say I was still learning. But it does seem logical to me that the April high coupled with today's current high (which is the 61.8 fib approx.) is a total parallel to the line running through the April 13th, May 21st and ...
- goonergonebad replied Jun 20, 2007
I'm relatively new to forex trading same as Tatton, and still finding my feet both in terms of technical analysis and fundamentals. For me the main problem with the current market is the carry trade. Take today. For me, there is insufficient good ...
- goonergonebad replied Jun 20, 2007
It bounced perfectly off the trend channel resistance line. Questions are: was it profit taking that caused retrace? or has GB rate hike already been factored in by mainstream? From a technical perspective I think short is the trade.
- goonergonebad replied Jun 15, 2007
I think it has probably topped for the day. The upward trend channel on the daily suggests it has plenty of scope left for the forseeable future, but the up trend channel on the hourly tells a different story. We might be in for a retrace on Monday, ...
- goonergonebad replied Jun 14, 2007
You're right - serious resistance at 3311 and above. Like you I can only assume ECB want it weaker. We could be looking at a breakout back down towards 3200 and beyond.
- goonergonebad replied Jun 6, 2007
Uptrend still hanging in there...
- goonergonebad replied Jun 6, 2007
Price keeps bouncing off 1hr trend channel support line. If US news v good then bull probably over. If not, then 9957+
- goonergonebad replied Jun 5, 2007
If Cable can establish a foothold above 9956 today, we should see 2.00 and possibly 2.0132 in the short-term. Apart from excellent $ fundamentals I can't see any reason why this scenario shouldn't unfold. This is just my opinion of course and it ...
- goonergonebad replied Jun 4, 2007
Today, the bulls have taken full advantage of limited news on offer and a variety of mixed indirect influences to take cable above the 9900 mark. For me, the down trend channel chart attached depicts the short-term break out opportunity that now ...
- goonergonebad replied May 31, 2007
Igrok's chart — Take a look at Igroks chart url His first down trend run has completed and now looks like going up to 9830 approx. then, if he is correct a bigger trend down.
- goonergonebad replied May 30, 2007
I'm not convinced. Channel support line and old 38.2 fib line have rejected bear moves so far today. Still a bull flag and three serious attempts to breakout already. I agree that ADP payroll could do the trick, not sure about FOMC as rate hike not ...
- goonergonebad replied May 30, 2007
Right, you obviously do not have a bad headcold, therefore you must mean the other trend. For me, there are four trends at any one time; the major, the minor, the short-term trend and the daily trend. Within the daily trend you also have price ...
- goonergonebad replied May 28, 2007
Igrok, could you just explain how you arrive at your points of reference on the upper line of your down trend channel? It looks as if you only use the most recent activity. Is that correct?
- goonergonebad replied May 27, 2007
The hourly chart also shows a bullish pennant as does the 4 hour chart (not shown).
- goonergonebad replied May 27, 2007
I hope I have got the fibs up the right way! To me it seems, the last major up channel move eventually retraced back to almost the 50 fib and this down channel move has already retraced back up to it's related 50 fib. The down channel pattern is ...