Riko that is true, however HTF USDX tells a different story.
http://img809.imageshack.us/img809/6...ks16092011.png
http://img809.imageshack.us/img809/6...ks16092011.png
EA based on Velocity/Acceleration 1 reply
High velocity 38 replies
Why does the GBP/USD have so much more Velocity than the other majors? 6 replies
Renko Bars - Alert for PA Velocity 7 replies
DislikedGBP CAD looks very solid, built a consolidation zone in the 30-60 area, I bought already with SL @ 17 and TP + 125. However, better to wait for the line break.Ignored
Dislikedhttp://img90.imageshack.us/img90/647...fx16092011.png
GBP index is in pretty bad shape, looking @ H4 chart, below MP and WP and below weekly S1 level. Now 5690-5715 area on GU holds the key. If that fails, then surely 5500 will be next up.
Oh well, gotta be sure to cover both scenarios then.Ignored