DislikedHi Piters,
Yes the pair is consolidating around 1hr 100sma. We may see this choppy action for the next few days. These are the days most trend traders loose money and range traders make moneyDaily Stochs are pointing up but the Daily Momentum is positing down, which means 100 pips up 100 pips down( choppy daily bar). I do not see it going further than 212.70/80. However daily close above 1hr 100sma could also mean the pair is ready to move up towards 216 before next week.
Ignored
- #105,782
- Aug 6, 2008 5:39am Aug 6, 2008 5:39am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #105,786
- Aug 6, 2008 5:42am Aug 6, 2008 5:42am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #105,791
- Aug 6, 2008 5:49am Aug 6, 2008 5:49am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #105,793
- Aug 6, 2008 5:54am Aug 6, 2008 5:54am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #105,794
- Aug 6, 2008 5:55am Aug 6, 2008 5:55am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
- #105,795
- Aug 6, 2008 5:55am Aug 6, 2008 5:55am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #105,797
- Aug 6, 2008 5:57am Aug 6, 2008 5:57am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #105,798
- Aug 6, 2008 5:57am Aug 6, 2008 5:57am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
- #105,799
- Aug 6, 2008 6:01am Aug 6, 2008 6:01am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #105,800
- Aug 6, 2008 6:03am Aug 6, 2008 6:03am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!