Here's something to ponder for those who like to take 1h trades. The red ma is 50, the blue is my 62and the orange is my 10. You can see the pattern on she responds to the ma's.
Trade well!
EO
Why have 10ma?, its just noise.
Cable Update (GBPUSD)
- #110,381
- Jan 8, 2009 10:37pm Jan 8, 2009 10:37pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Why have 10ma?, its just noise.
- #110,385
- Jan 9, 2009 1:38am Jan 9, 2009 1:38am
- Joined Aug 2008 | Status: Trader | 2,429 Posts
Hopefully it will come down
- #110,390
- Jan 9, 2009 2:05am Jan 9, 2009 2:05am
Hi Dude, I am here silently stalking the banks and stealing their pips.
...whats your suggestion for this market...i supposed that we may reach 1.6 if the news support the gbp..
what you get in the wind goes through the storms
- #110,391
- Jan 9, 2009 2:05am Jan 9, 2009 2:05am
It seems like with the today's news coming GU will test 1.55 and then will come back down with all this Obamania thing.
the current bullishness seems to be losing steam ?? remember that this has already run up more than 500+ from 1.45x....
I think a retracement will happen first... back to the 1.48x - 1.49x level...or worse
so you think the news in 90 mins time will be positive for GBP ??
the current bullishness seems to be losing steam ?? remember that this has already run up more than 500+ from 1.45x....
I think a retracement will happen first... back to the 1.48x - 1.49x level...or worse
As to the steam losing, the market was silent, look at the volume. Anyway, now it will start picking up, will see.
- #110,393
- Jan 9, 2009 2:16am Jan 9, 2009 2:16am
I am looking at the H1 and thinking that it just seems too good to be true. I think we may be in for another cable move up to the high or possibly just to the 15280 level. ADP will be bad for USD, but these traders are likely to bag nice profits today to get cable to a nice level for a buy again. So I am suspecting we may actually see the horny beast formation that we saw on Dec17. Double Top and then down. But that's just my 5 pips worth.
I am long still, targeting the 2 recent highs.
I am long still, targeting the 2 recent highs.
thanks god, some of us are still alive
whats your suggestion for this market...i supposed that we may reach 1.6 if the news support the gbp..
Ride the Bulls bearback!
- #110,396
- Jan 9, 2009 2:30am Jan 9, 2009 2:30am
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
Keep It Simple Stupid
- #110,397
- Jan 9, 2009 2:36am Jan 9, 2009 2:36am
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
Keep It Simple Stupid