good morning guys 
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
- #7,404
- Oct 22, 2009 1:18am Oct 22, 2009 1:18am
- | Joined Aug 2009 | Status: Trader | 1,068 Posts
if you see in the charts the green ema is a strong support stands @9229 if it breaks and stays under for a few hours then G_man will be a happy man
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
- #7,405
- Oct 22, 2009 1:24am Oct 22, 2009 1:24am
- | Commercial User | Joined Sep 2009 | 1,006 Posts
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- #7,406
- Oct 22, 2009 1:59am Oct 22, 2009 1:59am
Morning FOlks!!!
SO the Chinese news was as per market expectations and it brought the Aussie back to 9210...9180 is a very strong support and if it doesn't break this level, there ain't much worry for the bulls!!
Lets talk about the overall trend. The Daily, 4H, 1H charts are all showing a very strong Upward trend so no change there from the previous days/weeks. We saw it retracing back from 9300 level to 9200 today but from here on, it should pick up again!! The RSI indicator on the 1M, 5M, 15M Chart shows that its oversold. With not much news coming up in this week, I expect the price to stay between 9180-9330 (these two are very strong support and resistence levels at the moment) for the rest of the week unless there is a breakout from these two levels, if there is, i would expect the breakout from 9320 level as the major trend is very very STRONG.
I am LONG from 9217 (again) .
SO the Chinese news was as per market expectations and it brought the Aussie back to 9210...9180 is a very strong support and if it doesn't break this level, there ain't much worry for the bulls!!
Lets talk about the overall trend. The Daily, 4H, 1H charts are all showing a very strong Upward trend so no change there from the previous days/weeks. We saw it retracing back from 9300 level to 9200 today but from here on, it should pick up again!! The RSI indicator on the 1M, 5M, 15M Chart shows that its oversold. With not much news coming up in this week, I expect the price to stay between 9180-9330 (these two are very strong support and resistence levels at the moment) for the rest of the week unless there is a breakout from these two levels, if there is, i would expect the breakout from 9320 level as the major trend is very very STRONG.
I am LONG from 9217 (again
) .
- #7,407
- Oct 22, 2009 2:13am Oct 22, 2009 2:13am
- | Commercial User | Joined Sep 2009 | 1,006 Posts
Find a job that you love and you dont have to work again in your life.
- #7,408
- Oct 22, 2009 2:32am Oct 22, 2009 2:32am
Morning Tiger,
I hope you are right. I am long from 9239 (although I took some profit at 9257 on half). I added more at 9210, knowing that the unemployment figures are out in US tonight and they may not do the dollar good. I may need to drop some weight below 92.00 as it feels heavy now..... My next support is at .9176 which is pretty solid.
- #7,409
- Oct 22, 2009 2:47am Oct 22, 2009 2:47am
- | Commercial User | Joined Sep 2009 | 1,006 Posts
Find a job that you love and you dont have to work again in your life.
- #7,410
- Oct 22, 2009 3:43am Oct 22, 2009 3:43am
- | Joined Aug 2009 | Status: Trader | 1,068 Posts
Morning FOlks!!!
I am LONG from 9217 (again
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
- #7,412
- Oct 22, 2009 4:27am Oct 22, 2009 4:27am
- | Joined Aug 2009 | Status: Trader | 1,068 Posts
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
- #7,414
- Oct 22, 2009 5:05am Oct 22, 2009 5:05am
- | Joined Aug 2009 | Status: Trader | 1,068 Posts
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
- #7,415
- Oct 22, 2009 5:11am Oct 22, 2009 5:11am
- | Joined Aug 2009 | Status: Trader | 1,068 Posts
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
- #7,416
- Oct 22, 2009 5:17am Oct 22, 2009 5:17am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Morning Guys
Bank of Scotland Daily Market Strategy attached. Good trades
Bank of Scotland Daily Market Strategy attached. Good trades
Nothing worth having is easy.