Hello Shauny,
I totally agree with your analysis on GBP. I am on a long position after a short.
I totally agree with your analysis on GBP. I am on a long position after a short.
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DislikedInForTheHaul:
Lesson 4 is now on the site where it is supposed to be. Did pips send you your lollipop yet?
I gotta run...about three miles, back in a few...Ignored
DislikedAnyway, this is a little out of bounds here but I'm thinking that if there is an unexpected figure tomorrow for the job numbers and the E$ takes a tumble back down to the 3600 area or so I may just reload to the upside...period. I will wait for MACD confirmation or a bounce off support but the daily bull is running hard now. I'm long form around 1.3660 per a 1hr entry and I'm hoping that holds through the news. If it doesn't I plan on jumping back in long at the first opportunity.
Trade well...Ignored
DislikedI know today is non farm payroll and many are staying out.. However, looking at the charts, the GBP is currently priced near the 200sma and the trendline forming a possible support level, a long trade is highly possible. Anyone taking a long here? I'm still deciding whether should i position myself for a long because the NFP is most likely has a negative impact on the USD and it might catalyst the GBP to skyrocket..Ignored
DislikedHey everyone, i am new to this and i can see that both these posts are in favour of long positions on both the EUR$ and GBP$, however i no they are based on technical analysis of the MA lines, but they arent anything to do with the MACD lines? i thought it was all about the MACD? and it appears to be on a downtrend?
Someone help,
Thanks a lot guysIgnored
DislikedThis system is not just about macd. It comprises a series of tools from moving averages, candlesticks, support/resistance, trendline, fib and etc.. Yes, you are right on that, however, we look at the overall picture. Sitting on 200sma support and trendline, candle form a tail, 8 and 21ema all above the moving averages signifies a bull trend(bullish mood). So according to all these information, we look at macd signal. Right now, as what you have just said, it looks like it is going down. However, it might turned to be a zero pullback or a tc. So by going long now, its like taking the odds on to position yourself in the market to take part in the action. We are talking about postioning for a breakout upwards because all info favour a long. One must consider ur risk/reward ratio before taking the odds on. So its up to individual how they are looking at it. For me, I just want to sit tight if there is any strong and huge wave to flush me upwards(I'm in the boat already).
It might turned out wrong because the news came out positive on usd, therefore causes the downfull of the GBP.. That's why I'm prepared to lose this trade of 30++ pips to gain 60pips or more.. Continue to read this thread because it isn't just about macd. It involves many intruments and tools, that's the beauty of this system.
Currently +22pips on the GBP.
Trade well guys!! Good Luck!!Ignored
Dislikedsorry, me again! Shauny, jus wondered how you came up with your SL and TP values?
Thanks again
JamesIgnored
DislikedI know today is non farm payroll and many are staying out.. However, looking at the charts, the GBP is currently priced near the 200sma and the trendline forming a possible support level, a long trade is highly possible. Anyone taking a long here? I'm still deciding whether should i position myself for a long because the NFP is most likely has a negative impact on the USD and it might catalyst the GBP to skyrocket..Ignored
Dislikedyeah let me take some motion sickness medication before the fun starts ,Ignored
Dislikedwoo.. I was taken on the roller coaster ride!!! Hope you guys took the ride too!! closed about 100++ pips.. Good weekend!!Ignored