Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Cable Update (GBPUSD)
- #63,181
- Apr 28, 2008 7:02pm Apr 28, 2008 7:02pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
- #63,182
- Apr 28, 2008 7:06pm Apr 28, 2008 7:06pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #63,183
- Apr 28, 2008 7:08pm Apr 28, 2008 7:08pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #63,184
- Apr 28, 2008 7:08pm Apr 28, 2008 7:08pm
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
- #63,185
- Apr 28, 2008 7:21pm Apr 28, 2008 7:21pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #63,187
- Edited 7:49pm Apr 28, 2008 7:37pm | Edited 7:49pm
- | Joined Jan 2008 | Status: Trader | 523 Posts
price is still holding at those support levelsits still to early to make a call in tokyo session ...but still looking bullish...if i see nice candle formation when franky opens i would be carefull with the downward trenlinelook at price action if price brakes intraday high it should move long nice to its intrday targets...Also if we have a suppor failure i would go short...
My believe for this currency.
The GBP/USD is looking bullish overall....
The reason why this is because the intraday fibbs has been respected and it showing support....
As long as you see this bias anything taken in a short direction has a lower probablity as a trade...also if you do take a short you have to treat it as a scalp until price does not close below intraday short...
If you get a nice candle formation at the open of franky its a good signal to go long if it appears around the intrday long since it would be showing you major suport at the intraday long fibb. Also we have an uppertrenline getting closer and that can apply bullish pressure....the only problem with the long is that you must pay attention to price action on the bearish trendline....That might be an area that you might what to pocket some pips.
Also if price start to head up but it is to choppy you should aim your target for resistance target one...if you see nice trendy movement then you should let it run to target one of intraday Fibb...
The GBP/USD is looking bullish overall....
The reason why this is because the intraday fibbs has been respected and it showing support....
As long as you see this bias anything taken in a short direction has a lower probablity as a trade...also if you do take a short you have to treat it as a scalp until price does not close below intraday short...
If you get a nice candle formation at the open of franky its a good signal to go long if it appears around the intrday long since it would be showing you major suport at the intraday long fibb. Also we have an uppertrenline getting closer and that can apply bullish pressure....the only problem with the long is that you must pay attention to price action on the bearish trendline....That might be an area that you might what to pocket some pips.
Also if price start to head up but it is to choppy you should aim your target for resistance target one...if you see nice trendy movement then you should let it run to target one of intraday Fibb...
- #63,194
- Apr 29, 2008 12:32am Apr 29, 2008 12:32am
- | Commercial User | Joined Nov 2007 | 1,296 Posts
Thats the problem though, too many variables it makes predicting the next 30mins hard enough let alone days and over multiple news releases.
I gte confused with all these fundamentals! do I care...... I trade wot's i see the chart
- #63,195
- Apr 29, 2008 12:33am Apr 29, 2008 12:33am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
She is due to come down a bit, maybe to about 9850. Otherwise, this pair is in a funk. Been away for a few hours, so kinda lost track.
I would like to see an average daily range achieved by price reaching a lower trend line at around 1.9750. But what I want and what the market gives me might do two very different things
Rob
- #63,196
- Apr 29, 2008 12:51am Apr 29, 2008 12:51am
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
Looking bullish as long my intraday long holds...support from trndline is coming up ahead....Waiting for franky to show me what the market whant to do ...If support fail with franky i will short...If support hold then i will scalp untill bearish trenline with some caution...
- #63,200
- Apr 29, 2008 1:22am Apr 29, 2008 1:22am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
yup...must careful...i take long from last week around 9718 n average up...
"what doesn't bankrupt me, makes me stronger" modern nietzche