DislikedDraw a horizontal trend line at 4472 and you will see the brick wall it must break thru to higher. Critical resistance point and it has failed twice already today. That is line in the sand for continuation. She test and fails again with 1 hr showing trade signal expect her to test and break 4410. I am with dollar shorts and expect a break on next test. ISM at 10am could be trigger because most fundamental news triggers technical indicatorsIgnored
Cable Update (GBPUSD)
- #117,884
- Feb 4, 2009 8:08am Feb 4, 2009 8:08am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #117,885
- Feb 4, 2009 8:16am Feb 4, 2009 8:16am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #117,887
- Feb 4, 2009 8:23am Feb 4, 2009 8:23am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
No Nav I am waiting its crunch time ,interest rate cut tomorrow ??? Effect??
Two touches at 495 now ? thinking I should have taken short
Looking for break or failure
I see your trading so well Nav
Two touches at 495 now ? thinking I should have taken short
Looking for break or failure
I see your trading so well Nav
tony are u long buddy due to the piercing formation on weekly?
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #117,889
- Feb 4, 2009 8:28am Feb 4, 2009 8:28am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
No Nav I am waiting its crunch time ,interest rate cut tomorrow ??? Effect??
Two touches at 495 now ? thinking I should have taken short
Looking for break or failure
I see your trading so well Nav
out of interest bro! did u not see the piercing formation on weekly as a buying opportunity?
i am still trying to get to grips with larger time frames
if we get a pin on 1hr then i will likely exit and maybe short.....its looking like a brick wall right now
- #117,891
- Feb 4, 2009 8:36am Feb 4, 2009 8:36am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
crap, looks like i'm the only one anticipating it to go south! damn, what am i looking at that is different? 
need to check again
need to check again
Thank You 
- #117,892
- Feb 4, 2009 8:37am Feb 4, 2009 8:37am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
I absolutely did Nav but was warned against it ,to me it looks very Bullish ,but there have been a lot of fake bullish signals around the the end of month times I need the Piercing Line confirmed to me it looks great.
Confirmation on break and daily close for me.
Confirmation on break and daily close for me.
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #117,895
- Feb 4, 2009 8:40am Feb 4, 2009 8:40am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I absolutely did Nav but was warned against it ,to me it looks very Bullish ,but there have been a lot of fake bullish signals around the the end of month times I need the Piercing Line confirmed to me it looks great.
Confirmation on break and daily close for me.
- #117,896
- Feb 4, 2009 8:40am Feb 4, 2009 8:40am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
its looking like a brick wall right now
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #117,897
- Feb 4, 2009 8:44am Feb 4, 2009 8:44am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
It is Nav
we have found bricks!
- #117,899
- Feb 4, 2009 8:53am Feb 4, 2009 8:53am
crap, looks like i'm the only one anticipating it to go south! damn, what am i looking at that is different?
in my view of the 1h chart looks like a bearish wedge formation. started around 1-9 and almost at the end of the way... around 1.45 looks like top, so to me, is going south too... but who knows...
- #117,900
- Feb 4, 2009 8:56am Feb 4, 2009 8:56am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
looks like bricks were found and maybe moved