now the chart looks like this...
"Keep your eyes on the helpers" - Mr. Rogers
Cable Update (GBPUSD)
- #239,801
- Jul 21, 2010 3:00am Jul 21, 2010 3:00am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
- #239,802
- Jul 21, 2010 3:01am Jul 21, 2010 3:01am
- Joined Mar 2006 | Status: Chase that Dollar .. | 1,416 Posts
- #239,803
- Jul 21, 2010 3:02am Jul 21, 2010 3:02am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
we are going up...i smell these broker basterds, they wanted to get us out of our long positions so that they don=t loose money...I believe GBP is going up after the minutes
USD is on all pairs weakening
broker cannot move market like that
- #239,804
- Jul 21, 2010 3:03am Jul 21, 2010 3:03am
100+ pips drop in less than 50 seconds in forex the biggest freaking market on this planet....someone wanted to show who's the boss...
Don't be emo... don't be emo....
- #239,805
- Jul 21, 2010 3:03am Jul 21, 2010 3:03am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
the interesting thing is buyer position (majority) didnt get liquidated that tells me plenty is swingingu get me!
Hear the music before the song is over ...
- #239,807
- Jul 21, 2010 3:05am Jul 21, 2010 3:05am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
when the currency of a MAJOR sovereign country starts to act like a cheap penny stock...that, my friend, ought to get one thinking!
that one got me chuckling!
"Keep your eyes on the helpers" - Mr. Rogers
- #239,808
- Jul 21, 2010 3:06am Jul 21, 2010 3:06am
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
- #239,810
- Jul 21, 2010 3:06am Jul 21, 2010 3:06am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
when the currency of a MAJOR sovereign country starts to act like a cheap penny stock...that, my friend, ought to get one thinking!
- #239,811
- Jul 21, 2010 3:07am Jul 21, 2010 3:07am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
100+ pips drop in less than 50 seconds in forex the biggest freaking market on this planet....someone wanted to show who's the boss...
- #239,812
- Jul 21, 2010 3:09am Jul 21, 2010 3:09am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #239,814
- Jul 21, 2010 3:10am Jul 21, 2010 3:10am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
no doubt..we are heading for tough times no doubt..crazy times i feel
- #239,816
- Jul 21, 2010 3:13am Jul 21, 2010 3:13am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Okay.. don't follow this, but I have a play....
Right now price has retraced back to the 200 SMA. Here are the scenarios...
1. If price bounces from here, I will enter at 1.53373 with a SL below the low of the current bar.
2. If my trade does not trigger and this current bar closes above the 200 SMA, I will use the high extreme of this bar to enter and the low extreme as my SL
Speaking 1HR bars here now.
If this bar closes below the 200SMA, than these trades are off, and I look for the same sort of 200SMA rejections going to the short side.
For now, going to wait paitently
Right now price has retraced back to the 200 SMA. Here are the scenarios...
1. If price bounces from here, I will enter at 1.53373 with a SL below the low of the current bar.
2. If my trade does not trigger and this current bar closes above the 200 SMA, I will use the high extreme of this bar to enter and the low extreme as my SL
Speaking 1HR bars here now.
If this bar closes below the 200SMA, than these trades are off, and I look for the same sort of 200SMA rejections going to the short side.
For now, going to wait paitently
"Keep your eyes on the helpers" - Mr. Rogers
- #239,817
- Jul 21, 2010 3:14am Jul 21, 2010 3:14am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #239,818
- Jul 21, 2010 3:15am Jul 21, 2010 3:15am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Of course people care and wonder why such a violent swing occurred.... It triggers a natural human curiosity, if nothing else.
Others also know with volatility comes opportunity.
- #239,819
- Jul 21, 2010 3:18am Jul 21, 2010 3:18am
I looking @ shorting GU if BoE dissapoint.
Ingoring the long wick down on the last candle.
BoE dissapoint, price move down and egulf the last H4 candle.
We will have a classic dark cloud cover which reject 50% retracement.(look at the red fibo line).
Ingoring the long wick down on the last candle.
BoE dissapoint, price move down and egulf the last H4 candle.
We will have a classic dark cloud cover which reject 50% retracement.(look at the red fibo line).
