Then, just wait & trade the breakout.
short below price close @6165 or long above price close @6270.
Safest bet
Thank You
Better-than-the-wormhole 555 replies
DislikedAwesome observation.
has any1 u know noticed this aside from u & I?
i noticed these particular, seemingly repetitive candle patterns in gbpchf (but i havent posted a chart), while u noticed this on gbp index which is a better perspective, imo.
if this becomes a trend, it may lasts until December or next yr. Let's seeIgnored
DislikedGM WB,
Still waiting tight for a good re-entry short point on cable. Hoping GBP news in a couple of hrs might give me the spike up to re-enter and waiting, waiting..Ignored
Disliked
Then, just wait & trade the breakout.
short below price close @6165 or long above price close @6270.
Safest betIgnored
DislikedMorning WB
How you doing buddy
Do you see dragon going a lot lower I read this article this morning which you may fing of interest
GBP/JPY technicals; bearish outlook for return to 146.75
Thu, Aug 27 2009, 01:01 GMT
http://www.forexlive.com
Prices are now solidly below the 100-day MA and with the short-term trend having definitely turned bearish, a clean break below 152 should bring a swift retest of the 146.75 low from July. Initial resistance is at 153.15/35.Ignored
Dislikedthanks for the advice.. you mean close on those levels on the hourly?or 4h?Ignored
DislikedHi david, I think if price close below the ltl support @151 :
http://www.forexfactory.com/attachme...2&d=1251353151
I'll be looking towards 147 level next. If she bounce, I'll wait for price to close out that descending utl before deciding what to do next.
Weekly looks very bearish tho tbh.Ignored
DislikedShort a portion @ 6187 SL 6278
Waiting too long thinking that price will shoot up a lot..was away from system for some time and was able to enter here only..not bad when considering the target area ard 5978Ignored
DislikedPersonally, I would have waited to see a clean break below yesterday's low. Overall, we are in a strong downtrend, though, so you should be okay, but your point of entry could've been better. Definitely not telling you how to trade, only giving an opinion.
If we see a sell-off in equities - even just a relatively minor correction - and other risk assets later today, then we may be gifted with some further downside moves on sterling and the other beta currencies, with the greenback and yen being the obvious beneficiaries, particularly the latter....Ignored
DislikedHey WB,
Enjoy your breakfast!
Are we still in an uptrend on cable??? Guessing you won't be needing that bank loan from Bob! Sterling is soft, soft, soft, with positive data from the UK now failing to support the currency...
Cheers, PaulIgnored
DislikedAdded to position
GBP JPY
1. short @155.27 sl @152.85 (0.1)
2. short @151.34 sl @152.85 (0.1)Ignored