Gmak > yes but it widened for more than 18 for a couple of seconds I actually enjoyed watching it till it returned back to the normal 4 pips then I hit close
Dislikedshould have posted this earlier...
Date: 2007/07/20 Time: 08:03 (GMT +2) Ticker: GBP Last: 2.049 Pivot: 2.0474 1st sup. 2.0474 2nd sup. 2.045 3rd sup. 2.0426 1st res. 2.0515 2nd res. 2.053 3rd res. 2.055
Title: GBP/USD intraday: key support at 2.0474
Summary: Update on supports and resistances.
Story: Pivot: 2.0474.
Our Preference: [COLOR=orange! important][FONT=verdana, geneva, lucida, 'lucida grande', arial, helvetica, sans-serif][COLOR=orange! important][FONT=verdana, geneva, lucida, 'lucida grande', arial, helvetica, sans-serif]LONG [/font][COLOR=orange! important][FONT=verdana, geneva, lucida, 'lucida grande', arial, helvetica, sans-serif]positions[/font][/font][/color][/color] @ 2.0484 with 2.0515 & 2.053 in sight.
Alternative scenario: The downside penetration of 2.0474 will call for a slide towards 2.045 & 2.0426.
Comment: The pair stand sin a symmetrical triangle & the 30-min RSI is challenging a declining trend line.
Trend: ST Consolidation; MT Bullish
Key levels Comment
2.055** Intraday resistance
2.053*** Intraday resistance
2.0515* Intraday resistance
2.0474*** Intraday pivot point
2.045** Fib retracement (50%)
2.0426** Fib retracement (61.8%)
DislikedThe trend is my friend
it does it's best to defend
and protect me
DislikedThis is just too good a last P.S. to pass up, sorry.
I know this will make me appear malicious, but you have GOT to appreciate the irony here.
Also, as I wrote in the "How to be a trader for a company?" thread, sorry if I appear snooty or brash, as I wrote in the other thread it's not from being a bad person, it's simply that like jest wrote, you NEED to be utterly convinced of what you are doing, you NEED to have faith in your system and you NEED to be able to TRUST it. If you can't and don't, then how can you put money on it?
I also used a "harsh" tone simply because you don't wake people up by whispering and since I am not theorizing when I say this and that behavior loses money, but speaking out of plain personal experience, I don't have a reason to be cautious in my beliefs there, either.
As I've also posted many times - it is my personal belief I represent. I am aware others have their own and if they fare well with it, that is excellent.
Those that don't and/or that took offense may be sufficiently provoked to at least think about things. If that as a worst case outcome leads to improvement of their skills as a trader, more research, more diligence, more patience, more insight and more caution towards unbased, unfounded and random opinions of others, then that will be a good thing. If I can cause any of that, even if in a seemingly "negative" way, then whoever is affected and is better off, will still be better off.
That's all I can hope to achieve - to help others find ways to better themselves and improve. Even if it appears mean sometimes or I get emotional occassionally
I try not to be a spiteful person, but I can be tempted and hey, I think I'm allowed 5 minutes of mean beanie time twice a year. I'm going back to being nice mode after this, simply because I will change environment again = leave the thread behind for my usual habitat. The J16 thread and group
Sorry for this last backstab henry, the dark side in me just had to do this.
(GBPCHF now +160, GJ still a bit snoozy at +60)
Over and out.Ignored