not sure on this and maybe dreaming ...
bull flag in the forming that cannot even get a 38 % reatracement
bull flag in the forming that cannot even get a 38 % reatracement
Blogging daily now at www.volume.zone
Cable Update (GBPUSD)
- #243,701
- Aug 5, 2010 6:31pm Aug 5, 2010 6:31pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
- #243,703
- Aug 5, 2010 7:19pm Aug 5, 2010 7:19pm
I still have an hour 45 minutes till my D1 close. If it stays this way & close a doji I will clear my positions & remain flat tomorrow. If it close bearish I'll leave it open.
I'll be back for the day close. Gonna get some breakfast. Later cloggs
Does anyone remember what the bearish reversal pattern is called when two identical but opposite candles form like we had yesterday? Tram lines/tweezer tops?.
- #243,704
- Aug 5, 2010 7:19pm Aug 5, 2010 7:19pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
okay, my shift ends here
booked another partial @5831 & the remaining position locked. Free ride.
No issues in keeping the remaining short position open as the tower top is still intact. Will be back later to see if the D1 can close 3 outside down. If it does, it'll be a matter of time before the ltl comes under heavy pressure.
Good luck everyone
Right I'm outta here. Trade safe everyone, good luck
Thank You
- #243,707
- Aug 5, 2010 10:20pm Aug 5, 2010 10:20pm
I have ordered buy GBP/USD just now.
Why I have ordered buy? I did it because I read in a website today possibly negative news report is going to come out from USA. Due to this speculations, GBP/USD may increase before the nft news.
Is this decision of mine is correct?
Do not speculate anything. I can show u website where they saying NFP news will be good for Dollar and it is time for a Big Reversal
- #243,709
- Aug 5, 2010 11:02pm Aug 5, 2010 11:02pm
I will post here and let you know just 2 mins after the NFP news comes out. In that way, your order will be in 100% profit
Do not speculate anything. I can show u website where they saying NFP news will be good for Dollar and it is time for a Big Reversal
My current trade is in 8 pips profit no. I have lowered the sl to 20 pips to reduce the possibility of loss.
I will close this trade if I get some more pips and after that, will wait for NFT news.
London session is coming. In this time GU usually increase. Lets see what happen!!
In forex, one currency is always up!
- #243,710
- Aug 5, 2010 11:22pm Aug 5, 2010 11:22pm
still trending up on the weekly, but short term correction the past day and a flag forming on the 30 min.
going to wait to see which direction the flag breaks out for confirmation of direction before entering any trades.
going to wait to see which direction the flag breaks out for confirmation of direction before entering any trades.
- #243,713
- Aug 5, 2010 11:47pm Aug 5, 2010 11:47pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #243,714
- Aug 5, 2010 11:48pm Aug 5, 2010 11:48pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
I am doubting that. I am expecting a poor #.
Should be some nice action around this report tomorrow.
We will see.
Should be some nice action around this report tomorrow.
We will see.
I will post here and let you know just 2 mins after the NFP news comes out. In that way, your order will be in 100% profit
Do not speculate anything. I can show u website where they saying NFP news will be good for Dollar and it is time for a Big Reversal
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #243,715
- Aug 5, 2010 11:52pm Aug 5, 2010 11:52pm
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
Verily, in every difficulties there is relief
- #243,716
- Aug 6, 2010 12:20am Aug 6, 2010 12:20am
Professional money has already tested the upside, on Europe close. Second test to the upside during asia failed - albeit lower volumes. I suspect sell off tomorrow is on the cards.
Time will tell!
Cheers
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Time will tell!
Cheers
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not sure on this and maybe dreaming ...
bull flag in the forming that cannot even get a 38 % reatracement
Attachment
- #243,717
- Aug 6, 2010 12:22am Aug 6, 2010 12:22am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #243,719
- Aug 6, 2010 1:11am Aug 6, 2010 1:11am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,070 Posts
good day traders , there are levels on some different time frames some are watching , this is just taking the hourly charts pa . Since its nfp day , both sides could be whacked before the days over . Good luck everyone 
- #243,720
- Aug 6, 2010 1:12am Aug 6, 2010 1:12am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
this how contrarian trade 
with a very tight stop of course
with a very tight stop of course
Verily, in every difficulties there is relief