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  • #1,741
  • Feb 8, 2007 12:05am Feb 8, 2007 12:05am
Cheers guys look forward to your comments...

A
  • #1,742
  • Feb 8, 2007 12:56am Feb 8, 2007 12:56am
Good, it moved back below 1.9720...
I am just here to talk nonsense =D
  • #1,743
  • Feb 8, 2007 1:09am Feb 8, 2007 1:09am
long pound at 00 stop at 90
  • #1,744
  • Feb 8, 2007 1:28am Feb 8, 2007 1:28am
For those of you thinking of going short, i suggest that you wait till it goes below 1.9690. Below 1.9680 to be on the safe side...
I am just here to talk nonsense =D
  • #1,745
  • Feb 8, 2007 1:33am Feb 8, 2007 1:33am
There is a little resistance at 1.9686, it's one of the fibo line...
I am just here to talk nonsense =D
  • #1,746
  • Feb 8, 2007 1:41am Feb 8, 2007 1:41am
This is my pre london analysis, if the market open below 1.9680 , we should be able to see a down movement to somewhere at 1.95 area...But, I am still unable to confirm this due to a news release we will be seeing later and also due to some strong support lines we will be meeting on the way down...
I am just here to talk nonsense =D
  • #1,747
  • Feb 8, 2007 1:45am Feb 8, 2007 1:45am
1.9686 has turned into resistance, I expect it to be bouncing within 1.9680 and 1.9686 until London before it decides which direction it's taking...
I am just here to talk nonsense =D
  • #1,748
  • Feb 8, 2007 2:26am Feb 8, 2007 2:26am
We are back to 1.9666 . It's now a support line after been converted from resistance 2 days ago...
I am just here to talk nonsense =D
  • #1,749
  • Feb 8, 2007 2:45am Feb 8, 2007 2:45am
1.9666 is now broken, congrat!! It will now become a resistance again...
I am just here to talk nonsense =D
  • #1,750
  • Feb 8, 2007 2:47am Feb 8, 2007 2:47am
Hi Sharp,
i was thinking of using a SL of 30 and TS of 30 as well.

From what i see, there is about 350 trades in total. with about 100 trades not crossing over the potential 30 pips mark.
  • #1,751
  • Feb 8, 2007 2:51am Feb 8, 2007 2:51am
Quoting Zarul Shahrin
1.9666 is now broken, congrat!! It will now become a resistance again...
Sold too much during Japan hours
  • #1,752
  • Feb 8, 2007 2:59am Feb 8, 2007 2:59am
Atlast came back down
Trade what you see, not what you think.
  • #1,753
  • Feb 8, 2007 3:00am Feb 8, 2007 3:00am
I wonder what the BOE is thinking...Hmmm.....
I am just here to talk nonsense =D
  • #1,754
  • Feb 8, 2007 3:07am Feb 8, 2007 3:07am
If the 1 hour candle bar close with a bearish candle, It will complete my signal for a bearish day....
I am just here to talk nonsense =D
  • #1,755
  • Feb 8, 2007 3:15am Feb 8, 2007 3:15am
Since it is highly speculative that there will not be a raise in interest rates wouldn't it be a good idea to go short from here?
  • #1,756
  • Feb 8, 2007 3:18am Feb 8, 2007 3:18am
Quoting southernmind
Since it is highly speculative that there will not be a raise in interest rates wouldn't it be a good idea to go short from here?
I have been short since yesterday...
I am just here to talk nonsense =D
  • #1,757
  • Feb 8, 2007 3:39am Feb 8, 2007 3:39am
Quoting Zarul Shahrin
1.9666 is now broken, congrat!! It will now become a resistance again...
when do you call it as broken? I'm confused. Actually sometimes it whips past and comes back to where it was. Will you consider that as broken?
  • #1,758
  • Feb 8, 2007 4:00am Feb 8, 2007 4:00am
Quoting moneyAA
when do you call it as broken? I'm confused. Actually sometimes it whips past and comes back to where it was. Will you consider that as broken?
If you can get through it easily and stay below it for more than 5 - 10 minutes, I consider it broken and I don't consider it as a strong / resistance anymore. Not good enough to get any attention from me...
I am just here to talk nonsense =D
  • #1,759
  • Feb 8, 2007 4:09am Feb 8, 2007 4:09am
Quoting moneyAA
when do you call it as broken? I'm confused. Actually sometimes it whips past and comes back to where it was. Will you consider that as broken?
Anyway, you might talking the current bounce up, it's not because of 1.9666, but because of the price hit a strong trendline about 10 pips below it....
I am just here to talk nonsense =D
  • #1,760
  • Feb 8, 2007 4:16am Feb 8, 2007 4:16am
Quoting Zarul Shahrin
If the 1 hour candle bar close with a bearish candle, It will complete my signal for a bearish day....
Too bad, Sellers didn't want that to happen...
I am just here to talk nonsense =D
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