morning, anyone still short?
- #323
- Jul 3, 2008 2:20am Jul 3, 2008 2:20am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
- #327
- Jul 3, 2008 8:02am Jul 3, 2008 8:02am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
news boost the pips
everything against me
well, i see it, as excelent entry points.
lesson learned. Will only trade next time, after the news.
- #328
- Jul 3, 2008 8:20am Jul 3, 2008 8:20am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
the last big support line (light blue), this time maybe work as a resistance for
more upside trouble
more upside trouble
- #329
- Jul 3, 2008 8:24am Jul 3, 2008 8:24am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
gbpchf is near a daily trendline, which maybe hold as a resistance too.
its the light blue dashed line. if not, we will have more upside pressure.
one might think, the last candle is a bullish engulfing candle, so upside direction is clear, but it is not a bullish engulfing candle
its the light blue dashed line. if not, we will have more upside pressure.
one might think, the last candle is a bullish engulfing candle, so upside direction is clear, but it is not a bullish engulfing candle
i just come home and have look at my charts
everything against me
well, i see it, as excelent entry points.
lesson learned. Will only trade next time, after the news.
- #331
- Jul 3, 2008 9:14am Jul 3, 2008 9:14am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
or closed before news.or???lock pips b4 news
an observation from last usd rate decision: there was a little bit movement
1-2 hours after the decision, but most movements where one/two days after
the decision. So tommorrow is holiday in US, its interisting what happens during london tomorrow and on monday.
if i see it right, there where bad bad us data today.
Have you/anybody an explanation for this bull run of the us-dollar ?
I have none. Only technical would match.
.me myself dont know (only technical on gbp/chf)
- #335
- Edited 1:07pm Jul 3, 2008 10:59am | Edited 1:07pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
me too but someone said because us always get bad bad data so its a usual not shocking
me myself dont know (only technical on gbp/chf)
i have had an bit fundamental investigation:
this push in the usd has nothing to do with the dollar, its the loss / bearish unwinding of the euro maybe. so the change of the rate 4.0 => 4.25 was much more importend than the bad us data.
Interesting:
"The dollar has traded from $1.53 to $1.59 per euro in the past two months. The currency must weaken beyond $1.6020 to break out of the range and head for a decline to $1.67, wrote Kevin Edgeley, a London-based technical analyst at Goldman Sachs Group Inc., in a research note today. He uses charts to predict currency movements."
http://www.bloomberg.com/apps/news?p...currency_rates
Where would usd/chf then be, when eur/usd 1,67 ? 0,50 ct ??
- #336
- Jul 3, 2008 1:44pm Jul 3, 2008 1:44pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
hm.
maybe 50 % retracement ?
maybe 50 % retracement ?
