would anyone agree with me that 1.5991 is a strong resistant point there? from my chart i had a bounce off from the support at 1.5647 on 08/07/2008 and following day tested the support and when up from there breaking a resistant at 1.5869 heading towards 1.5991. and volume are catching up on the bullish trend. any comment here?
- #14,242
- Jul 13, 2008 4:58am Jul 13, 2008 4:58am
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
Don't chase the market, Let the market come to you
- #14,243
- Jul 13, 2008 4:58am Jul 13, 2008 4:58am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
would anyone agree with me that 1.5991 is a strong resistant point there? from my chart i had a bounce off from the support at 1.5647 on 08/07/2008 and following day tested the support and when up from there breaking a resistant at 1.5869 heading towards 1.5991. and volume are catching up on the bullish trend. any comment here?
Some main large fibb cycles finish their cycle at this point as well.....
- #14,245
- Jul 13, 2008 5:31am Jul 13, 2008 5:31am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #14,246
- Jul 13, 2008 8:32am Jul 13, 2008 8:32am
- Joined Oct 2007 | Status: follow momentum. | 1,202 Posts
- #14,247
- Jul 13, 2008 8:52am Jul 13, 2008 8:52am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I have found a chart here at auslanco thread, which i it is very interesting.
Itīs a possibility, backed up by current fundamentals, and weekly stochachstic crossing up.
I think over it, since i saw it.
Itīs a possibility, backed up by current fundamentals, and weekly stochachstic crossing up.
I think over it, since i saw it.
- #14,248
- Jul 13, 2008 12:05pm Jul 13, 2008 12:05pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #14,250
- Jul 13, 2008 12:52pm Jul 13, 2008 12:52pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
I agree 100% People just don't understand! In short term, speculators always wins, and this is enough to blow anyone's account who is trying to trade with a rational mind, you've heard this enough, a market can stay irrational longer than you can stay solvent
HOLLA
- #14,251
- Jul 13, 2008 12:54pm Jul 13, 2008 12:54pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
you are a retail trader so market is closed to you and the platform you are using
the forex market is open to banks 24/7/365 why else do you think there are gaps sunday open at 4pm
HOLLA
- #14,254
- Jul 13, 2008 2:24pm Jul 13, 2008 2:24pm
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #14,255
- Jul 13, 2008 2:25pm Jul 13, 2008 2:25pm
- | Joined Dec 2007 | Status: Trader | 2,797 Posts
current price 1.5944.
- #14,256
- Jul 13, 2008 2:28pm Jul 13, 2008 2:28pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
some traders in some hidden pacific islands before new zeland are already starting to trade...
- #14,258
- Jul 13, 2008 2:28pm Jul 13, 2008 2:28pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Why? What is the prediction based on?
sundays low is 1.5852.
- #14,259
- Jul 13, 2008 2:30pm Jul 13, 2008 2:30pm
- | Joined Dec 2007 | Status: Trader | 2,797 Posts
One second ago it hit 1.5949. It now dropped to 1.5948. My stop loss 1.5960 may be hit soon after the market opens
- #14,260
- Jul 13, 2008 2:31pm Jul 13, 2008 2:31pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
One second ago it hit 1.5949. It now dropped to 1.5948. My stop loss 1.5960 may be hit soon after the market opens
donīt worry, markets high is 1,5949... but think of the spread of your broker!
http://www.forex-markets.com/quotes.htm