price hasnt moved much from where you entered
Market Sentiment is still bearish, If i'm wrong about buy orders being here, I can always stop and reverse my position down to the next level of support.
Cable Update (GBPUSD)
- #197,541
- Feb 1, 2010 7:19pm Feb 1, 2010 7:19pm
Market Sentiment is still bearish, If i'm wrong about buy orders being here, I can always stop and reverse my position down to the next level of support.
- #197,544
- Feb 1, 2010 7:43pm Feb 1, 2010 7:43pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #197,545
- Feb 1, 2010 7:54pm Feb 1, 2010 7:54pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #197,546
- Feb 1, 2010 7:58pm Feb 1, 2010 7:58pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #197,547
- Feb 1, 2010 8:02pm Feb 1, 2010 8:02pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
hai all...
newbie here want to ask for help....just want to ask where gu going on this asian sesion...coz i see it want to go up but cant break 5960-5970....
plz....need help here?
and thank for all great comment....
As we are still in a downtrend(longer term), a buy back is well expected, but the strength of the motion because of the current sessions is a little weak, but is playing for the bulls.
As we continue to see support build on the 5m, we could see it move onto the 15m(currently 1.5995).....OSMA is almost for the positive on the 4hr chart so crashing back down...might not see that for another little while. IFF this goes positive, expect another 12-24 hours of buying before we see a crash back down, and because we have a much lonely place on the chart in and around up to 1.61...this really isn't an unreasonable topside target.
I am using this to watch for sell ops, and have taken a position that I will plan on adding to...
For now...
Here is the 5m chart with the 200EMA support.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #197,548
- Feb 1, 2010 8:04pm Feb 1, 2010 8:04pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #197,549
- Feb 1, 2010 8:12pm Feb 1, 2010 8:12pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #197,550
- Feb 1, 2010 8:16pm Feb 1, 2010 8:16pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
- #197,552
- Feb 1, 2010 8:24pm Feb 1, 2010 8:24pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Alright then..that was fun. Here is how I am going to play this off the daily chart.
I honestly don't believe that Pin Bar is the final test to the bottom, based on the fact the the close of the bar is below Sunday's high. My feeling is that there will be a push lower before we get our move up.
So, I am short at 1.5955 with a pretty tight stop. Right now it is at 1.5985, but may adjust that a few pips higher the more I study things, but no higher by more then 20 pips I would imagine. My TP for this trade is 1.5892
At 1.5892 I have Buy Limit order to go long with no TP or SL at this time. If the next daily bar closes below this pin bar, I will close the order.
Anyway, heres to green pips everyone
In the mean time I will be a scapling fool
I honestly don't believe that Pin Bar is the final test to the bottom, based on the fact the the close of the bar is below Sunday's high. My feeling is that there will be a push lower before we get our move up.
So, I am short at 1.5955 with a pretty tight stop. Right now it is at 1.5985, but may adjust that a few pips higher the more I study things, but no higher by more then 20 pips I would imagine. My TP for this trade is 1.5892
At 1.5892 I have Buy Limit order to go long with no TP or SL at this time. If the next daily bar closes below this pin bar, I will close the order.
Anyway, heres to green pips everyone
In the mean time I will be a scapling fool
"Keep your eyes on the helpers" - Mr. Rogers
- #197,553
- Feb 1, 2010 8:34pm Feb 1, 2010 8:34pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #197,555
- Feb 1, 2010 8:41pm Feb 1, 2010 8:41pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
- #197,556
- Feb 1, 2010 9:23pm Feb 1, 2010 9:23pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #197,557
- Feb 1, 2010 9:23pm Feb 1, 2010 9:23pm
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
Alright then..that was fun. Here is how I am going to play this off the daily chart.
I honestly don't believe that Pin Bar is the final test to the bottom, based on the fact the the close of the bar is below Sunday's high. My feeling is that there will be a push lower before we get our move up.
So, I am short at 1.5955 with a pretty tight stop. Right now it is at 1.5985, but may adjust that a few pips higher the more I study things, but no higher by more then 20 pips I would imagine. My TP for this trade is 1.5892
At 1.5892 I have Buy...
maybe this day is yours damonl....,scalp all the way... (but still be carefull )
I will be the number one Manager.
- #197,558
- Feb 1, 2010 9:29pm Feb 1, 2010 9:29pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #197,559
- Feb 1, 2010 9:30pm Feb 1, 2010 9:30pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #197,560
- Feb 1, 2010 9:47pm Feb 1, 2010 9:47pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers