I'm still learning from FX but the daily candle isn't it bearish????
yes, it is..
Cable Update (GBPUSD)
- #216,362
- Apr 12, 2010 5:01pm Apr 12, 2010 5:01pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
somethink, u said..
- #216,363
- Apr 12, 2010 5:10pm Apr 12, 2010 5:10pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Are you deaf? I said I smell something not somethink. Some think there is a smell here
Thought to share what i read today
“How poor are they that have not patience! What wound did ever heal but by degrees?”
William Shakespeare
Overview - Copy
The initial euphoria generated by report of an IMF/EU $45bln aid plan for Greece gave way to uncertainty as German officials indicate that summit may be required to activate the aid plan. EUR initially rallied 1% in reaction to the announcement of the IMF/EU Greek aid plan but EUR gains were limited by uncertainty about how the plan will be activated. Uncertainty about the activation and lack of details of how the aid plan for Greece may be implemented sparked fresh selling of the EUR and USD demand. USD was also supported by report that China posted its first trade deficit in six years. The Chinese trade deficit may dampen Yuan revaluation speculation and raise concern about the strength of the global recovery. GBP traded lower pressured by the latest UK election polls which show that the Conservatives are unlikely to reach a majority in parliament increasing the risk of a hung of Parliament. AUD traded lower pressured by report of weaker than expected Australian housing finance data and in reaction to a statement from the RBA's Debelle that interest rates are close to normal levels. CAD traded mixed initially pressured by report of weaker than expected Canadian housing starts. Focus turns to this week's release of US retail sales, industrial production, housing starts and consumer sentiment to gauge the strength of the US recovery and developments in regard to the Greek aid plan.
- #216,364
- Apr 12, 2010 5:10pm Apr 12, 2010 5:10pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
I'm still learning from FX but the daily candle isn't it bearish????
The new one? Give it a chance to complete... it has another 24 hours left
The previous one seems normal to me (12th April), unless someone else can beg to differ.
Attachment
The new one? Give it a chance to complete... it has another 24 hours left
The previous one seems normal to me (12th April), unless someone else can beg to differ.
Just wanted to get the opinion of all you professionals on this site..
thank you
- #216,366
- Apr 12, 2010 5:26pm Apr 12, 2010 5:26pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Hi bbakker
Thought to share what i read today
“How poor are they that have not patience! What wound did ever heal but by degrees?”
William Shakespeare
Overview - Copy
The initial euphoria generated by report of an IMF/EU $45bln aid plan for Greece gave way to uncertainty as German officials indicate that summit may be required to activate the aid plan. EUR initially rallied 1% in reaction to the announcement of the IMF/EU Greek aid plan but EUR gains were limited by uncertainty about how the plan will be activated. Uncertainty...
China posted its first trade deficit in six years. - Blimey that's a shocker. More doom and gloom for the world economy. The West haven't got the money anymore to buy cheaper imported Chinese goods!
GBP traded lower pressured by the latest UK election polls which show that the Conservatives are unlikely to reach a majority in parliament increasing the risk of a hung of Parliament. This next month will make cable volatile that is for sure. One day the Tories (Con) are up by 10 points, the next it could be a hung parliament. Depends where they take the poll. The Sunday Times has the Tories leading by 11%. All I will say is that it will be the lowest turnout in British history. Turnout has been declining in recent elections and will continue to do so with the politician's expenses scandal of the last 18 months!
- #216,367
- Apr 12, 2010 5:31pm Apr 12, 2010 5:31pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
According to some readings on candles if it closed the way it closed today 12th next one should go down as well.
Just wanted to get the opinion of all you professionals on this site..
thank you
- #216,368
- Apr 12, 2010 5:32pm Apr 12, 2010 5:32pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #216,369
- Apr 12, 2010 5:37pm Apr 12, 2010 5:37pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
BB is long, Magix is short and I am piggy in middle
- #216,371
- Apr 12, 2010 5:49pm Apr 12, 2010 5:49pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
I am guessing without Googling that it is Julius Ceasar (The only bloody one I've read... Et tu Brute!). I am probably well wide of the mark.
China posted its first trade deficit in six years. - Blimey that's a shocker. More doom and gloom for the world economy. The West haven't got the money anymore to buy cheaper imported Chinese goods!
GBP traded lower pressured by the latest UK election polls which show that the Conservatives are unlikely to reach a majority in parliament increasing the risk of a hung of Parliament. This...
- #216,372
- Apr 12, 2010 5:49pm Apr 12, 2010 5:49pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #216,374
- Apr 12, 2010 5:54pm Apr 12, 2010 5:54pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
LOL was watching it when i was a kid , Very cool
- #216,375
- Apr 12, 2010 6:04pm Apr 12, 2010 6:04pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #216,376
- Apr 12, 2010 6:14pm Apr 12, 2010 6:14pm
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
- #216,377
- Apr 12, 2010 6:14pm Apr 12, 2010 6:14pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Also D1 DX had completed a bearish pattern without having today's price getting anywhere close to challenge the major resistance level. DX is back in bearish territory, gives justification to buy the dips on gu & especially eu.
Keep in mind tho, this is the D1 not the H1, so it won't spiral immediately, but it does gives us an idea of the general tone at present.
Everyone read his own chart on his own Way
I See it going Up , Like to Bet ?
- #216,378
- Apr 12, 2010 6:21pm Apr 12, 2010 6:21pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
thanks bro for your post please allow mei won't post rubbish in your thread..i am again unable to access it..got 2 SL hit with you great call on weekend was with you on that one..
Ub
Thank You
- #216,379
- Apr 12, 2010 6:22pm Apr 12, 2010 6:22pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hi Wormboy
Everyone read his own chart on his own Way
I See it going Up , Like to Bet ?
Only interested in discussion, not dick swinging
Thank You
- #216,380
- Apr 12, 2010 6:25pm Apr 12, 2010 6:25pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
whatz up room