It break 20547. Short or long now? I go long
Give me patience
- #8,063
- Jul 26, 2007 2:36am Jul 26, 2007 2:36am
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
- #8,065
- Aug 2, 2007 4:09pm Aug 2, 2007 4:09pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
- #8,074
- Sep 23, 2007 2:42pm Sep 23, 2007 2:42pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
- #8,075
- Sep 23, 2007 2:49pm Sep 23, 2007 2:49pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Welcome to FF
Ok lets clear up EUR, it's oot kinda in a uptrend, it's fully in a uptrend poss targets 1.45 before retracement.
now just beacause Eur going up dosn't mean cable will follow, you have to understand the the Eur is not suffering from, subprime issues, farming issues and war like both the UK and USA are, consiquently you will see the the Eur/Gbp rate has made some major moves recently as the Eur is now in the strongest position, and both GBP and Cable are becoming weaker, we will have to wait and see which side of cable comes out of the hole first. to find it's true destiny.
That said cable will continue to make good daily ranges and if you can catch it good luck.
Hope ur right about eur/usd possibility to reach 1.45 lolz before retrace, cuz im imagining it would retrace much earlier, even if not ... thats a whooping 450pips from where its right now, might as well setup a stop entry buy at 1.4125 , stop at 1.4050 and target 1.450 with a trailing ... lets see the movement so i can get more confident to open the long on that.
Thanks anyways, thats really great news if eur could go to 1.45 before retrace!
- #8,077
- Sep 23, 2007 3:26pm Sep 23, 2007 3:26pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi
OK first thing never ever trade based on what i say, or for that matter what anyone said. we could all be wrong.
read Jacko's thread he only trades Eur/Usd. and you will find lots of good info there.
http://www.forexfactory.com/showthread.php?t=27286
now 1.4500 comes from reading other threads and other websites. and although this is the main target you can expect the usual waves on the move up. current daily range is around 85pips, so the price could easily hit your stop before going up, you must look first at your charts and if you have a trading system make sure it's giving the right signals.
Personaly i'm waiting for a bounce to around 1.4 to get on board again.
in my last post i was refering to the bigger picture as in a cycle retracement to the lower TL once 1.45 is hit. so this may take a little while yet.
OK first thing never ever trade based on what i say, or for that matter what anyone said. we could all be wrong.
read Jacko's thread he only trades Eur/Usd. and you will find lots of good info there.
http://www.forexfactory.com/showthread.php?t=27286
now 1.4500 comes from reading other threads and other websites. and although this is the main target you can expect the usual waves on the move up. current daily range is around 85pips, so the price could easily hit your stop before going up, you must look first at your charts and if you have a trading system make sure it's giving the right signals.
Personaly i'm waiting for a bounce to around 1.4 to get on board again.
in my last post i was refering to the bigger picture as in a cycle retracement to the lower TL once 1.45 is hit. so this may take a little while yet.
Howdy! Your absolutely right about the cable, cuz i have this broker than has individual indexes for GBP and USD that shows the overall , both these chart indexes are in a downtrend, I guess the GBP/USD may have simply moved up due to USD going down faster, so your right ... weve got to wait n watch which side comes out stronger, id rather wait on this weeks candle upto tuesday to realise the trend based on the candles growth.
Hope ur right about eur/usd possibility to reach 1.45 lolz before retrace, cuz im imagining it would retrace much earlier, even if not ... thats a whooping 450pips from where its right now, might as well setup a stop entry buy at 1.4125 , stop at 1.4050 and target 1.450 with a trailing ... lets see the movement so i can get more confident to open the long on that.
Thanks anyways, thats really great news if eur could go to 1.45 before retrace!
