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- ba1ker replied Nov 21, 2013
All this bickering... another reason why I rarely frequent these forums anymore. Everyone is wasting their time reading and posting in here when they could spend their valuable time reading their own charts to find their OWN trades. Goodbye and good ...
- ba1ker replied Nov 21, 2013
I agree with your sentiment... All I see is a range on the daily/weekly which is ready to break either for the next leg up or to break down. If economic numbers continue to improve, I say up, otherwise down. A move up should be capped around 1.7.
- ba1ker replied Nov 14, 2013
petetong, you're not wrong These last couple of days have made bullish prints on the chart, however 1.625 is very strong resistance. I think we might bounce around 1.585 and 1.625 for a while longer...
- ba1ker replied Oct 10, 2013
Indeed the granddaddy of moving averages BUT the week has not closed yet and I would agree with above statement IF the week closes below it. If you look at the back end of last year, price penetrated it but failed to close above it, so making the ...
- ba1ker replied Oct 9, 2013
You're doing it all wrong... if you use a straw, the ice cubes can't go up it when you snort the coke ;P
- ba1ker replied Oct 9, 2013
1.5953 which was previous support should now act as resistance...
- ba1ker replied Oct 9, 2013
Yeah.. I bailed before it hit my SL... Didn't like the price action and maybe this area is too obvious. I like Ramses II demand area but if I'm going long, they will only be scalps. Trying to find a long-term short position and it failed to reach my ...
- ba1ker replied Oct 9, 2013
Fixed it for you ;P and agreed!
- ba1ker replied Oct 9, 2013
I opened a long at 1.5956 with 10 pip SL. Target is 1.6009 Will take half off at 1.5981. Let's see what happens
- ba1ker replied Oct 9, 2013
It is the line in the sand between buyers and sellers. I do expect a bounce at this level and a daily close above 1.6 will mean that bulls are still in control based on the daily chart.
- ba1ker replied Oct 9, 2013
If the daily doesn't close above 1.6, the writing is on the wall....
- ba1ker replied Oct 9, 2013
Indeed, 1.5950 is the key area as once this is broken with conviction, we are officially back into bear territory. Seems the recent figures with the PMIs have been optimistic whereas the raw data is showing the opposite. Nice call Bro!
- ba1ker replied Oct 8, 2013
Until price has posted a lower high on the daily and broken 1.6 with conviction, I would agree with your sentiment. However, we are near weekly and monthly highs, an area where sellers have taken this pair down again in the past, so I can see why ...
- ba1ker replied Oct 8, 2013
1.6165 is my target...
- ba1ker replied Oct 8, 2013
Looks like this was planned all along and this BoE LTRO thing is just misreporting of a routine repo operation. Market briefly foxed by misleading headline and HFT algos and market makers making the most out of it. So... nothing to see and back to ...
- ba1ker replied Oct 8, 2013
or sideways until BoE reveal what they are intending... my bet is that it will soften GBP although the market has a funny way of absorbing news and doing the opposite
- ba1ker replied Oct 8, 2013
This is the correct link to the price spike where the BoE will announce a new long term variable rate repo operation tomorrow. It will be similar to the ECB LTRO and maybe it will be used as a balance sheet booster by banks as they are still fragile ...
- ba1ker replied Sep 6, 2013
Were you meant to quote me then? Edit: I see that is a no
- ba1ker replied Sep 6, 2013
1.5562 it was with buy orders and price stopped me out with 0.9 pips slippage which is not bad under these conditions... So, NFP came in lower but total unemployment was 0.1% lower. Mixed bag and now hitting those sell orders just below 1.57. I am ...