Oh ... my badNo wonder I saw something strange and weird on that MACD... I thought it was Custom Made MACD... I was wrong... It was actually STOCHISTOGRAM... I have no idea what it is
:...takpe...still learn form u bro
- #7,781
- Feb 21, 2008 2:39am Feb 21, 2008 2:39am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
:...takpe...still learn form u bro 
- #7,785
- Feb 21, 2008 2:48am Feb 21, 2008 2:48am
Savant are you stick with your short or you are joining the majority?
Monthly Profit & Lost :-
May - +85 pips
- #7,786
- Feb 21, 2008 2:49am Feb 21, 2008 2:49am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Thanks very interesting thread
We've got a friend from RUSSIA. Welcome bro 
Just fire away your analysis for discussion. - #7,788
- Feb 21, 2008 2:51am Feb 21, 2008 2:51am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
Thanks very interesting thread
- #7,793
- Feb 21, 2008 3:26am Feb 21, 2008 3:26am
Is this news normally create HIGH impact?
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation's currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
Retail Sales and Central Banks take center stage this week
The BoE and FOMC are due to release minutes from the most recent meetings. This is always a good chance for investors to see how unified the committees were when making the rate cut decisions. The more uniform the opinion is the more likely it is for that trend to continue. With the futures market pricing the US fed funds rate at 2.00% by June, the market already seems biased to the downside.
A number of retail sales announcements are also due with the most important release likely to be the one from the UK on Thursday. The bottom line for this week's announcements however will be whether we see a resurgence of the risk issues that we have been dealing with over the last two quarters. I will be watching each of the critical releases for signs that the trend may be disrupted but based on recent price action, I wonder if the worst is behind us.
maybe syam can explain...
Patience is virtue
- #7,794
- Feb 21, 2008 3:29am Feb 21, 2008 3:29am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
erm..usually yes...but probably the server might 'hang' sometimes...the chart will tell first I think...
maybe syam can explain...
- #7,795
- Feb 21, 2008 3:32am Feb 21, 2008 3:32am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
SIT TIGHT!!! FASTEN THE SEAT BELT... the news might create HIGH impact if come out different than expected. However... careful with the PRICED IN action.
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Retail Sales m/m 0.8% 0.3% -0.4%
BULLS EYE!!!
UP we go!!!! AAAaaaaaa I can see a FLYING BULL :surprised Can you see it? 
- #7,796
- Feb 21, 2008 3:33am Feb 21, 2008 3:33am
Good news for GBP. Geppy shooting up. SL hit lost 60 pips today. Congratz on those long. hehe
Finger itchy. Going long at 211.00 SL 210.70 TP 212.50. Good luck.
Finger itchy. Going long at 211.00 SL 210.70 TP 212.50. Good luck.
Monthly Profit & Lost :-
May - +85 pips
- #7,797
- Feb 21, 2008 3:33am Feb 21, 2008 3:33am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
Yeah...Gj break now...Hit my Tp..211.00...'syukur...'.....strong bull now..next target if gj can break weekly high 211.66.. let's see...
- #7,798
- Feb 21, 2008 3:42am Feb 21, 2008 3:42am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
The BULL is HOLDING STRONG above the daily PIVOT... closing my SHORT at 15pips RED ... I hit the REVERSE Button... Now I am LONG. QQE H4 is nearly CROSSING upward... If that happen... STRONG BULL bias!!!!
Always MINIMIZE LOSS... MAXIMIZE PROFIT. Go BULL Go!!! Go Go Go!!! 
- #7,800
- Feb 21, 2008 4:03am Feb 21, 2008 4:03am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Possible RETRACEMENT towards the 50% or 61.8% Fibbo if more GREEN NEWS come out from UKOverall... POUND STERLING still weak... expecting more Rate Cut and Credit Crisis still roaming in the air. If the NEWS come out NOT as expected... I guess the market will show you the direction. Just wait until the News out. I got no speculation with all this TURMOIL going on.
p/s: That LOWEST H4 CS shown a good sign of REVERSAL. However... as long as CABLE stays below the DAILY PIVOT... I am favoring SELL FROM BOUNCE. Above it... BUY FROM DIP.
Got the CS shadow breaching 50% Retracement
61.8% to come... 100% even better... but not today... need more GREEN news from UK. Remember... for CABLE... average around 100 to 200 pips movement in a day. More than that... RARELY happen. 