The bias for gbp/usd is up for the day
- #10,842
- Apr 20, 2008 6:56pm Apr 20, 2008 6:56pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
The bias for gbp/usd is up for the day
I would say that IF Cable passed the Psychological Resistance and remains above it. As Long as Cable playing inside the Ascending Triangle on H1... still in the UNKNOWN state.
As I said my bias is up and I expect to see 2.00 breached.
- #10,844
- Apr 20, 2008 7:05pm Apr 20, 2008 7:05pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
SELL executed for Retracement target. Close watch when the BEAR touch 38.2% Fibbo which happen to be around the Triangle Support (Red Line)... I might take out Profit Manually or let the profit runs IF the Support got broken by the Bear... depending on PRICE ACTION later. SL in place... about 30pips away... will change SL to BE once I am on the GREEN 20pips plus.
On H1 now... BEARISH ENGULFING CS formation
T.A.Y.O.R.
On H1 now... BEARISH ENGULFING CS formation
T.A.Y.O.R.
- #10,845
- Apr 20, 2008 7:13pm Apr 20, 2008 7:13pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
SELL executed for Retracement target. Close watch when the BEAR touch 38.2% Fibbo which happen to be around the Triangle Support (Red Line)... I might take out Profit Manually or let the profit runs IF the Support got broken by the Bear... depending on PRICE ACTION later. SL in place... about 30pips away... will change SL to BE once I am on the GREEN 20pips plus.
On H1 now... BEARISH ENGULFING CS formation
T.A.Y.O.R.
It was DARK CLOUD COVER CS formation... am I right? - #10,847
- Apr 20, 2008 7:24pm Apr 20, 2008 7:24pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Just something to read to keep perspective on the right track
UK firms' confidence in economy drops for seventh month running - Lloyds TSB
UK companies' confidence in the prospects for the economy dropped for the seventh month running in March, remaining at a six-year low, a survey by Lloyds TSB showed.
http://www.forexfactory.com/news.php?do=news&id=82354
- #10,849
- Apr 20, 2008 7:29pm Apr 20, 2008 7:29pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Morning guys!!!!Still wait in the sideline for confirmation whether Geppy is heading up or down.....Anyway patience is the key....
Patience is Virtue 
- #10,852
- Apr 20, 2008 8:04pm Apr 20, 2008 8:04pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
morning guys....
spent the whole afternoon yesterday at borders time square reading steve nison's book "the candlestick course."
a really great book. hahahah... learn a lot of thing and new knowledge for me. can't wait to bring all the "weapon" to the battle. bear or bull, here i come!
: I spent a few hours reading anything about Forex and Investment at Kinokunia KLCC after work.... almost everyday. I was young and single... my friends were looking for Girls/GF but I was looking for "How to make more money?".... Now they already SEALED all the expensive books 
- #10,855
- Apr 20, 2008 8:33pm Apr 20, 2008 8:33pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
hehehe....
actually, they've sealed all the books and i have to ask them to open the "pembalut" for me.
then the guy said, i can only read it at the information counter. in front of him.
hehehe...then, suddenly, the guy got something else to do so i left the information counter and read the whole book dekat tempat lain. hahahaha....
anyway, learn a lot of useful knowledge. the writer even give questions at each chapter and explaination for the answer. huhuhu...wanna go to the bookstore again for another reading.
let see if i can apply the knowledge in my technique. enjoy the week ahead everyone. may pips keep coming!
: If you've got the money... buy the book. If don't have it... use alternative or brain power to get it... as long as you DON'T STEAL IT I understand the situation... I was very poor before... with no Dad... just Mum with 6 more little brothers
Living at rural area. Harvesting Palm Oil Fruits as our main income. Money barely enough for food. Now I am doing better... still not rich... still burdened with debts. Looking forward to reach "FINANCIAL FREEDOM" soon. InsyaAllah... Hardworking is Guaranteed with rewards... plus got to be SMART enough.May GREEN pips be with us with all of our efforts to pursue it. "Pursuit Of Happyness".... Will Smith... I LOVE the movie!!! Give me courage!!!
- #10,856
- Apr 20, 2008 8:34pm Apr 20, 2008 8:34pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Clever you
I understand the situation... I was very poor before... with no Dad... just Mum with 6 more little brothers
May GREEN pips be with us with all of our efforts to pursue it. "Pursuit Of Happyness".... Will Smith... I LOVE the movie!!! Give me courage!!!
Trade what you see, not what you think.
- #10,857
- Apr 20, 2008 8:36pm Apr 20, 2008 8:36pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Sham... that was a good short
You now have a 1 hr stochs divergence, a gap to fill and a double top formation on your side.
SL is a must today due to the fundamentals. BOE news!
Good luck to us all..
Long time no see. Yes it was a good SHORT for scalping... Just Retraced down to 23.6% only. Duh!!! Now piercing UP strongly by the BULL... testing 2.0000 again 
- #10,858
- Apr 20, 2008 8:42pm Apr 20, 2008 8:42pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Hello Otai
p/s: My SL got hit. Bleed 30pips.
- #10,859
- Apr 20, 2008 8:45pm Apr 20, 2008 8:45pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Inshalla brother, Good luck to all of us
