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  • #116,061
  • Jun 29, 2009 5:20pm Jun 29, 2009 5:20pm
Where is the matador when you need one?
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #116,062
  • Jun 29, 2009 5:22pm Jun 29, 2009 5:22pm
Matador will not be able to help the bears tonight

Quoting Liger86
Where is the matador when you need one?
Its all in the mind.
  • #116,063
  • Jun 29, 2009 5:26pm Jun 29, 2009 5:26pm
Quoting 2+2=4ex
I'm on the edge of my seat...

put in short order at .4105 wil sl of .4120
Hanging in there? or entry on stop @4105?
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #116,064
  • Jun 29, 2009 5:26pm Jun 29, 2009 5:26pm
wait bud, short opportunity will come but ATM look at the H4, H1 and Daily. Do u see a short

they say something about coming in front of the freight train...

Quoting 2+2=4ex
I'm on the edge of my seat...

put in short order at .4105 wil sl of .4120
Its all in the mind.
  • #116,065
  • Jun 29, 2009 5:27pm Jun 29, 2009 5:27pm
This market could break out tonight to the upside.

This is what i see on Gbp/usd.


Daily chart. If it breaks through that ceiling then its going to fly.
Attached Image (click to enlarge)
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  • #116,066
  • Jun 29, 2009 5:36pm Jun 29, 2009 5:36pm
I'm really hoping it fails here. Blowing out another demo account won't be good for my self esteem.
  • #116,067
  • Jun 29, 2009 5:36pm Jun 29, 2009 5:36pm
If today's candle closes over 1.4143 we will have a green monthly candle. Pin bar on the daily and have you looked at those 4 hour green candles? I'm not going to try to catch this top. If anything, I think it might try to aim for the monthly 50% fib today (I have mine at 1.4181). Asian markets are currently positive at the moment, it's month end and quarter end. Watch out, it could be really egg-ci-ting .... take care
Nothing worth having is easy.
  • #116,068
  • Jun 29, 2009 5:39pm Jun 29, 2009 5:39pm
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this matador is so screwd
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #116,069
  • Jun 29, 2009 5:42pm Jun 29, 2009 5:42pm
Stocks have moved upward with Pound and Euro in the last year or so.

Here is a stock chart of JNJ (johnson and Johnson)
Attached Image (click to enlarge)
Click to Enlarge Name: JNJ.png Size: 5 KB
  • #116,070
  • Jun 29, 2009 5:49pm Jun 29, 2009 5:49pm
hitting a strong resistance now eh
  • #116,071
  • Jun 29, 2009 5:55pm Jun 29, 2009 5:55pm
Quoting trading801
hitting a strong resistance now eh
Yea but I bet an H4 candle closing above 1.4100 will be enough to break out.....IMHO.
  • #116,072
  • Jun 29, 2009 5:56pm Jun 29, 2009 5:56pm
And if that GBP breaks today, all hell might break loose and drag Euro with it (and I mean up)
Nothing worth having is easy.
  • #116,073
  • Jun 29, 2009 5:58pm Jun 29, 2009 5:58pm
Quoting bartstop
Yea but I bet an H4 candle closing above 1.4100 will be enough to break out.....IMHO.
Agree, clearly its bullish and its busting through all my resistances. Im running out of them...
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #116,074
  • Jun 29, 2009 5:58pm Jun 29, 2009 5:58pm
Quoting Patience
And if that GBP breaks today, all hell might break loose and drag Euro with it (and I mean up)

I"m sitting on a long small position with 200 pip stop loss. This moves fast so even a mini lot will profit well if it breaks out and holds. Imma hold this one for a few weeks hopefully.
  • #116,075
  • Jun 29, 2009 5:59pm Jun 29, 2009 5:59pm
they will go down soon
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  • #116,076
  • Jun 29, 2009 6:01pm Jun 29, 2009 6:01pm
Quoting Forbes55
they will go down soon

by soon you mean next year right.
  • #116,077
  • Jun 29, 2009 6:02pm Jun 29, 2009 6:02pm
Quoting pipmac
I"m sitting on a long small position with 200 pip stop loss. This moves fast so even a mini lot will profit well if it breaks out and holds. Imma hold this one for a few weeks hopefully.
Well I'm glad you are not shorting it. Good luck but I don't think you'll need much of that by the look of the charts today. Just sat down to have a look at them (and they look really bullish to me) and I see people shorting ....
Nothing worth having is easy.
  • #116,078
  • Jun 29, 2009 6:03pm Jun 29, 2009 6:03pm
Quoting Liger86
Agree, clearly its bullish and its busting through all my resistances. Im running out of them...
Im aggresively shorting at these levels - the odds are against asia sustaining a move through resistance to hold a new high - retrace almost inevitable at resistance confluence around 1.4110 - 1.4120
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  • #116,079
  • Jun 29, 2009 6:04pm Jun 29, 2009 6:04pm
Quoting pipmac
by soon you mean next year right.
no I mean next 6 hours
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  • #116,080
  • Edited 6:53pm Jun 29, 2009 6:05pm | Edited 6:53pm
Quoting M.A.C.Doug
Im aggresively shorting at these levels - the odds are against asia sustaining a move through resistance to hold a new high - retrace almost invitable
I hope you're right. My short is 50 pips in the hole and I'm thinking real hard about closing it. Good thing I'm trading a micro account.
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