got ya, you were mentioning last three attmepts. It's just that I was looking for a little bigger time frame from feb 10th.
anyway here is my call, long from 1.4150 with sl @ 1.3970 and tp @ 1.4485
Cable Update (GBPUSD)
- #123,941
- Feb 27, 2009 4:41am Feb 27, 2009 4:41am
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
- #123,942
- Feb 27, 2009 4:42am Feb 27, 2009 4:42am
- | Commercial User | Joined Feb 2008 | 1,440 Posts
what about the rule that the more you touch support and bounce off of it, it becomes more reliable?
I don't say it wont go up/stand over 1.4160, but that theory need to be put in context.
Who know's....
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I'll be back fo Ny later all.
You are very brave I don't see any long yet,but good luck
My last trade yesterday from the almost exact same position (1.4187) brought me 180 pips.
Pipland, as to the sl, I've got burned so many times by moving my sl to be on swing trades, that I prefer to stay out of my initial setups(as many poeple say the first thougt is usually the right one).
anyway it's friday and everything can happen, that's why I don't take any trades except with large sl.
In normal trading condition i would "agree". But consider all the bad news, all equities index at their low, usd index around 88.25... chart configuration...
I don't say it wont go up/stand over 1.4160, but that theory need to be put in context.
Who know's....
-----
I'll be back fo Ny later all.
- #123,946
- Feb 27, 2009 4:59am Feb 27, 2009 4:59am
I also want to remind to you especially new ppl. to forex that today is Friday ,with means it going to be crazy moves and the last day of the month.So unless you have big deposits stay and watch
- #123,948
- Feb 27, 2009 6:04am Feb 27, 2009 6:04am
I also want to remind to you especially new ppl. to forex that today is Friday ,with means it going to be crazy moves and the last day of the month.So unless you have big deposits stay and watch
I opened GBPCHF instead of GBPUSD and placed a buy order! I used chart parttern to do the analysis so couldnt realise on time. But am still happy even though am that foolish! Missing that Short move at London open is what i must try to forgive myself.
I have to be off for today....and for the entire week! See you guys next Month at London open.
- #123,949
- Feb 27, 2009 6:29am Feb 27, 2009 6:29am
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
-90 pips at the moment from two markets.
I opened GBPCHF instead of GBPUSD and placed a buy order! I used chart parttern to do the analysis so couldnt realise on time. But am still happy even though am that foolish! Missing that Short move at London open is what i must try to forgive myself.
I have to be off for today....and for the entire week! See you guys next Month at London open.
- #123,953
- Feb 27, 2009 6:59am Feb 27, 2009 6:59am
- | Joined Jul 2008 | Status: Trader | 1,010 Posts
I am looking for end of month profit takeing by the big boys today.
Last friday we were around the same price and there was a nice move up.
It may happen again today after US GDP news release!
Last friday we were around the same price and there was a nice move up.
It may happen again today after US GDP news release!
- #123,957
- Feb 27, 2009 7:21am Feb 27, 2009 7:21am
I am looking for end of month profit takeing by the big boys today.
Last friday we were around the same price and there was a nice move up.
It may happen again today after US GDP news release!
