totally off topic ,but this usd/cad got my attention.. clear trend reversal on daily ..
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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #211,762
- Jan 12, 2010 5:22pm Jan 12, 2010 5:22pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #211,764
- Jan 12, 2010 5:51pm Jan 12, 2010 5:51pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
This is what I'm thinking to happen. Most likely, we'll see the previous daily bar lows to gain the momentum for the move downwards. How's everything going Quecee?
Also agree - we should see a move back up I'm thinking daily 5 sma if 147 holds during Asia then down to our next target 146 and 144.80/50's. . . As the daily chart is very bearish and is point lower!
- #211,766
- Jan 12, 2010 6:17pm Jan 12, 2010 6:17pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
wow fxtrading is easy money!!
you can close youre eyes and pick anything against the USD and short it.and will eventually make some $
Wouldn't try that too many times. . . 
- #211,768
- Jan 12, 2010 6:24pm Jan 12, 2010 6:24pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
Mike I'm doing well still trading the "beast" like old times. . . Hope all is going well with you. . .
Also agree - we should see a move back up I'm thinking daily 5 sma if 147 holds during Asia then down to our next target 146 and 144.80/50's. . . As the daily chart is very bearish and is point lower!
Man, do I love confluence on the charts!
I dream, therefore I become.
- #211,769
- Jan 12, 2010 6:33pm Jan 12, 2010 6:33pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
- #211,774
- Jan 12, 2010 7:27pm Jan 12, 2010 7:27pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Look at this weekly chart from Gopher, interesting how 50 Ema is driving the down movement.
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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #211,775
- Jan 12, 2010 7:58pm Jan 12, 2010 7:58pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
Possible scenario? Sure, if you're a bull or holding longs, but unlikely. Lots of negative sentiment across the board, and we're seeing surprising swings during the Tokyo session, meaning London & NY will be more volatile. (Thanks Alcoa, China
) Our beloved GY's just retested 146.6 and nicely bounced 40 pips off it, but not on huge volume (it is only Tokyo). Can't say it's convincing at all, so hard to say where's next. I was hoping for 147.7 to be tested (not sure if we're going there again) and was hoping for a reach of trend lines up @ 148.1 (also 1st resistance), but only positive sterling news will get us there; too bad everyone forgot about yest morning's positive sterling news, yet yens had been bought over the past day. If you don't have to trade, don't, or do so with very small lots - this is all very dangerous and potentially account killing PA. Earnings season can turn the market very quickly, and the questions come up every 8 hours, so it's hard to protect yourself.
) Our beloved GY's just retested 146.6 and nicely bounced 40 pips off it, but not on huge volume (it is only Tokyo). Can't say it's convincing at all, so hard to say where's next. I was hoping for 147.7 to be tested (not sure if we're going there again) and was hoping for a reach of trend lines up @ 148.1 (also 1st resistance), but only positive sterling news will get us there; too bad everyone forgot about yest morning's positive sterling news, yet yens had been bought over the past day. If you don't have to trade, don't, or do so with very small lots - this is all very dangerous and potentially account killing PA. Earnings season can turn the market very quickly, and the questions come up every 8 hours, so it's hard to protect yourself.
- #211,779
- Jan 12, 2010 11:47pm Jan 12, 2010 11:47pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
if me better am waiting at 148.30/50-149 area...mmm...
