I believe the key words of that analysis is "short term bottom"!!!
Come new year (I expect Q1 of 2009) get ready for some serious tanking!!!
Cable Update (GBPUSD)
- #106,981
- Dec 16, 2008 5:51am Dec 16, 2008 5:51am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #106,983
- Dec 16, 2008 5:59am Dec 16, 2008 5:59am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
[quote=PipLand;2421462]
opps sorry i got confused you didnt quote me sorry doh 
err no it hasnt, and also i didnt say it wouldnt i said it might not and i still dont think it will
- #106,986
- Dec 16, 2008 6:03am Dec 16, 2008 6:03am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
SONIC STRIKER (EA)took a long on GU at 1.5238
GBP/USD Daily Outlook GBPUSD Outlook | Written by ActionForex.com | Dec 16 08 07:26 GMT |
GBP/USD's rebound from 1.4466 reached as high as 1.5377 before retreating mildly. Further rise is still in favor as long as 1.4920 minor support holds. Focus remains on 1.5534 resistance. Considering bullish convergence condition in 4 hours MACD, break of 1.5534 will indicate that a short term bottom is at least formed and strong rebound could then be seen towards 1.6671 resistance.
Give me patience
- #106,988
- Dec 16, 2008 6:04am Dec 16, 2008 6:04am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
eur/gbp testing support trend if it breaks then this will be big
- #106,989
- Dec 16, 2008 6:07am Dec 16, 2008 6:07am
it wont tank, maybe test the bottom but rise....plenty of reversal type formations
Who knows what will happen by then... we are here to speculate what happens at a very short period. Any longer than a day (maybe a week) is just guessing!
One can hope though that we will see some tanking with some very clear signals given beforehand!
- #106,990
- Dec 16, 2008 6:08am Dec 16, 2008 6:08am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #106,992
- Dec 16, 2008 6:33am Dec 16, 2008 6:33am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
It was around this time yesterday when this baby started it move upwards.
Will it be the same to-day ?
Will it be the same to-day ?
- #106,993
- Dec 16, 2008 6:35am Dec 16, 2008 6:35am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
eur/gbp support line broken 
- #106,994
- Dec 16, 2008 6:36am Dec 16, 2008 6:36am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #106,995
- Dec 16, 2008 6:37am Dec 16, 2008 6:37am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
phew that was a close one 
closed 2/3 of my position at 97 for cool 50pips. gonna keep stop on the remaining at 1.5224 seems to be good level )
closed 2/3 of my position at 97 for cool 50pips. gonna keep stop on the remaining at 1.5224 seems to be good level )
- #106,997
- Dec 16, 2008 6:39am Dec 16, 2008 6:39am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #106,998
- Dec 16, 2008 6:39am Dec 16, 2008 6:39am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
phew that was a close one
- #107,000
- Dec 16, 2008 6:44am Dec 16, 2008 6:44am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
im riding this one loaded up, until 15500
38.2 fibo level has held nicely so now im definately more confident abount longs.