Hello Newbie.... Alway Lose in market 
Cable Update (GBPUSD)
- #141,630
- Jul 1, 2009 7:26am Jul 1, 2009 7:26am
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
- #141,632
- Jul 1, 2009 7:27am Jul 1, 2009 7:27am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #141,637
- Jul 1, 2009 7:33am Jul 1, 2009 7:33am
bad news on ADP but still in the range.
depending on how you draw your ltl, we are either within the bull long as retracement on the shorter trend (with recent lows included), but on the 4 month stronger trend we are currently in a breakout, so is not clear cut.
(this is my first chart I try to post. sorry i don't have graphic program on this computer to do nice drawings)
if 6479 solidly breaks on this 1H, I go long, if 6418 solidly breaks I short.
depending on how you draw your ltl, we are either within the bull long as retracement on the shorter trend (with recent lows included), but on the 4 month stronger trend we are currently in a breakout, so is not clear cut.
(this is my first chart I try to post. sorry i don't have graphic program on this computer to do nice drawings)
if 6479 solidly breaks on this 1H, I go long, if 6418 solidly breaks I short.
- #141,640
- Jul 1, 2009 7:36am Jul 1, 2009 7:36am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)