now it is 20 minutes after US very good news announcement.
But the reaction is ?????????
Think what will happen ?????
Price now is 1.5314
But the reaction is ?????????
Think what will happen ?????
Price now is 1.5314
Cable Update (GBPUSD)
- #213,043
- Apr 5, 2010 9:25am Apr 5, 2010 9:25am
i am expecting a test of 1.5380 ish just like everyone else and that should be my double top 
and then we head down 
Prices have recovered to trade through support-turned resistance at the bottom of a previously broken falling channel established from the swing high in November 2009. However, a Dark Cloud Cover candlestick formation hints that a double top may be forming below 1.5386, the 03/17 wick high.
daily close above the 1.5386 will negate this view
and we go up to test yearly pivot at 1.57
and then we head down Prices have recovered to trade through support-turned resistance at the bottom of a previously broken falling channel established from the swing high in November 2009. However, a Dark Cloud Cover candlestick formation hints that a double top may be forming below 1.5386, the 03/17 wick high.
daily close above the 1.5386 will negate this view
and we go up to test yearly pivot at 1.57
- #213,044
- Apr 5, 2010 9:25am Apr 5, 2010 9:25am
- Joined Oct 2009 | Status: Trader | 1,342 Posts
A close above the red line 1.5380 we give it a strong opportunity to test the Lime line.
Sorry it is too early to say that but I have to say.
a close above (Daily/Weekly) the white line (260 SMA) we will see 1.7 and beyond.
but now I'm waiting for the double bottom pattern confirmation which is Closing above 1.5380.
this pattern target is 590 pips. you can get it by calculating the pattern target.
it means 1.5380 + 590 = 1.5970
but I will be conservative, my initial target is 1.5820.
Let's see.
- #213,046
- Apr 5, 2010 9:32am Apr 5, 2010 9:32am
Sorry it is too early to say that but I have to say.
a close above (Daily/Weekly) the white line (260 SMA) we will see 1.7 and beyond.
but now I'm waiting for the double bottom pattern confirmation which is Closing above 1.5380.
- #213,047
- Apr 5, 2010 9:32am Apr 5, 2010 9:32am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
I must admit though that although I use charts to review trends within the day, I usually just use a daily maximum movement between high and low for the day to base my trade (ie g/u usually moves a minimum of 125 pips in a day.)
GU/USD movement (Upper to Lower) :
When STABILE --- 120 Pips or 130 Pips in ONE Day.
If CRAZY --- around 200 Pips in ONE Day.
And between 400 Pips in ONE Week.
Always looking the GREAT, never left GOOD Point...
GU/USD movement (Upper to Lower) :
When STABILE --- 120 Pips or 130 Pips in ONE Days.
If CRAZY --- around 200 Pips in ONE Day.
And between 400 Pips in ONE Week.
master...
any pos open?...
sell or buy?...
Revesal Trader
- #213,049
- Apr 5, 2010 9:36am Apr 5, 2010 9:36am
- Joined Oct 2009 | Status: Trader | 1,342 Posts
If it breaks 1.5380 then its your double bottom confirmed. but if it bounces off it then its my Double TOP
we have an upward momentum.
let's see what asia & london session will do tomorrow because we missed them today.
- #213,050
- Apr 5, 2010 9:39am Apr 5, 2010 9:39am
- Joined Oct 2009 | Status: Trader | 1,342 Posts
If it breaks 1.5380 then its your double bottom confirmed. but if it bounces off it then its my Double TOP
one more thing to add.
double top pattern will be confirmed if only breaks 1.4790
- #213,051
- Edited 10:11am Apr 5, 2010 9:50am | Edited 10:11am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
master...
any pos open?...
sell or buy?...
Bro, Start Learn by Analyse by yourself.
I ( and Other SENIOR ) will Guidance to you.
What do you think, if STOCH was Overbought ??
How many Pips GU Up and TREND Now... ??
Always looking the GREAT, never left GOOD Point...
- #213,052
- Apr 5, 2010 9:57am Apr 5, 2010 9:57am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
I will be the number one Manager.
- #213,058
- Apr 5, 2010 10:35am Apr 5, 2010 10:35am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
I am short at 5295, as the last H1 closed below 52975, no TP just yet, want to see where the NY boys take this. Keeping my eye on 518ish
I was wondering when you were going to turn up today and back my short
I got in @15300 with SL @15325!
Having dinner with my family tonight! See you later!
- #213,059
- Apr 5, 2010 10:37am Apr 5, 2010 10:37am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
I was wondering when you were going to turn up today and back my short
I got in @15300 with SL @15325!
Having dinner with my family tonight! See you later!
I am watching my trade on the iphone now, got friends over and don't want to be a rude host. Enjoy your dinner.
Was not going to trade today but could not resist this entry.
- #213,060
- Apr 5, 2010 10:46am Apr 5, 2010 10:46am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
I am watching my trade on the iphone now, got friends over and don't want to be a rude host. Enjoy your dinner.
Was not going to trade today but could not resist this entry.