Forex is volatile and it might be here this second and elsewhere in the next second.
Trading Just Got Easier...
Cable Update (GBPUSD)
- #119,422
- Feb 9, 2009 7:55pm Feb 9, 2009 7:55pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #119,423
- Feb 9, 2009 7:57pm Feb 9, 2009 7:57pm
You must be on anything between 5M - 1H. Is your 4H upside? At the time of posting of those charts 1H was going down likewise other pairs and it will even continue to plunge down.
Forex is volatile and it might be here this second and elsewhere in the next second.
- #119,425
- Feb 9, 2009 8:12pm Feb 9, 2009 8:12pm
wot the f**k was that spikeup to 1.5047.
Am sitting in waiting @1.4995 to take a short with a tight s/l @ 1.5007 but it didnt open my short so it didnt take out s/l Platform with I.G. Markets
EDIT It just spiked down to 1.2961t weird
t/p was set @ 1.4855(140pips)target hit at 23:45:slightly_frowning_face:Ignore the the bit about the spike
- #119,429
- Feb 9, 2009 8:55pm Feb 9, 2009 8:55pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #119,430
- Feb 9, 2009 8:56pm Feb 9, 2009 8:56pm
By looking at the H4 candle one could say that it was bullish, but you need to look at the sentiment of that candle and the development of it and from 18:00 hrs that H4 candle was Bearish as were the following 2 x H4 candles
Trading Just Got Easier...
- #119,431
- Feb 9, 2009 9:00pm Feb 9, 2009 9:00pm
- Joined Aug 2007 | Status: If it walks like a duck... | 1,478 Posts
Hmm, 10 pip spread at the moment.
- #119,432
- Feb 9, 2009 9:01pm Feb 9, 2009 9:01pm
Chris never mind. I actually got you wrong. I never saw you were commenting on napster comment about the upside I thought you were saying it was an uptrend. I just read it now and say you were passing comment for napster that his chart is upside down... bt is the colour flickering too? I mean green for red and red for green?
I'm going to turn in
- #119,434
- Feb 9, 2009 9:22pm Feb 9, 2009 9:22pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #119,437
- Feb 9, 2009 11:15pm Feb 9, 2009 11:15pm
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
My guess is the cable going to retest 1.4720 - 1.4700 level later today(during Europe trading hour) as it show lack of buying power to push through 1.500 level. Anyone agree on this?
- #119,439
- Feb 10, 2009 12:23am Feb 10, 2009 12:23am
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
My guess is the cable going to retest 1.4720 - 1.4700 level later today(during Europe trading hour) as it show lack of buying power to push through 1.500 level. Anyone agree on this?
hard to say, I saw cable very strong in these days and many buyers on dips
on the other hand, sentiment in this market could change very quickly;
I still believe it could push through 1,50 this week but after such a rise is really hard to make any prediction