the 6250 line looks like hold till daily closing time 
90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #273,301
- Mar 1, 2011 2:06pm Mar 1, 2011 2:06pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
- #273,302
- Mar 1, 2011 2:09pm Mar 1, 2011 2:09pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
The service sector is the dominant sector of the UK economy and makes up about 73% of GDP. Manufacturing in the UK has declined for many years now and therefore the Service PMI is very relevant to the UK with regards to future growth (http://en.wikipedia.org/wiki/Economy...ice_industries).
Now GDP figures are only released once every 3 months, whereas the PMIs are released every month, so they are the leading indicators as to growth within the economy. Now as the FF calendar states - "Data is given to Thomson...
So appreciate your time and energy in explaining the madness of the markets into comprehensible and tradeable terms.As a scalper i'm taking every last pip....me as a learner position trader you've just given me a head start.
You gunna put some music on now?
All systems of divination, like music itself,work through patterns.
- #273,303
- Mar 1, 2011 2:25pm Mar 1, 2011 2:25pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Thank you BB, you make stuff so clear..... gonna go back to read the links. You blow me away...into a good and focussed state of mind.
So appreciate your time and energy in explaining the madness of the markets into comprehensible and tradeable terms.As a scalper i'm taking every last pip....me as a learner position trader you've just given me a head start.
You gunna put some music on now?
Two local radio stations that I always listen to/from work and at work that cater for all the above genres are -
http://www.uksfinest.org.uk/ (Quicktime player or WinAmp)
http://www.morefmlive.net/ (Quicktime player, Windows Media Player or WinAmp)
See what I can find and post it in the usual thread!
- #273,304
- Mar 1, 2011 2:33pm Mar 1, 2011 2:33pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #273,305
- Mar 1, 2011 2:35pm Mar 1, 2011 2:35pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
lol
There are many ways to skin a cat. There is not a right way or a wrong way, but as long as one chooses a way that suits them and makes them successful, who am I to argue
- #273,307
- Mar 1, 2011 2:52pm Mar 1, 2011 2:52pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
So long you don't let God kill many kittens along the way
All systems of divination, like music itself,work through patterns.
- #273,308
- Mar 1, 2011 3:03pm Mar 1, 2011 3:03pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
i was looking at those 3 h4 candles.
bottoms forming something i have already seen some where.
left candle high bottom, central candle lowest, right candle high again.
looks like price found support in something else than a straight line.
could it be that 23% fibofan?
i am not sayin it will be up from here
would be better find same thing at same crossing lower there near 6220
anyway.. i bought @6260 stop loss @6247. small lot, small loss, small profit.
i want to check if that reason works out or not
bottoms forming something i have already seen some where.
left candle high bottom, central candle lowest, right candle high again.
looks like price found support in something else than a straight line.
could it be that 23% fibofan?
i am not sayin it will be up from here
would be better find same thing at same crossing lower there near 6220
anyway.. i bought @6260 stop loss @6247. small lot, small loss, small profit.
i want to check if that reason works out or not
90% of traders use TA, indicators and prediction
- #273,310
- Mar 1, 2011 4:10pm Mar 1, 2011 4:10pm
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
it is time to go short ?i think it is .
A chart helps those who can read it.
i was looking at those 3 h4 candles.
bottoms forming something i have already seen some where.
left candle high bottom, central candle lowest, right candle high again.
looks like price found support in something else than a straight line.
could it be that 23% fibofan?
i am not sayin it will be up from here
would be better find same thing at same crossing lower there near 6220
anyway.. i bought @6260 stop loss @6247. small lot, small loss, small profit.
i want to check if that reason works out or not
- #273,314
- Mar 1, 2011 9:38pm Mar 1, 2011 9:38pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #273,315
- Mar 1, 2011 9:49pm Mar 1, 2011 9:49pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #273,316
- Edited 10:49pm Mar 1, 2011 10:33pm | Edited 10:49pm
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
note: just enter long, hope this bear not in a hurry..,i don't have sell position yet..,
navin give chart last night about the big bear, mine also the same. hope today they smack down this bull, so at NFP we already in a save place...
trading in new account make me little nervous..like having new bike "don't touch..this is a new one.." I will be the number one Manager.
- #273,319
- Mar 1, 2011 11:21pm Mar 1, 2011 11:21pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
refused by 38%
but looks like end of the ride will be 6160 support near 61%
later manufactury PMI but above the 6160 can be again higher
below last chance is 6110
lets see what happen....
@deryworlds: yeah, i closed the long 10 pips profit did not short, went to bed
but looks like end of the ride will be 6160 support near 61%
later manufactury PMI but above the 6160 can be again higher
below last chance is 6110
lets see what happen....
@deryworlds: yeah, i closed the long 10 pips profit did not short, went to bed
90% of traders use TA, indicators and prediction
- #273,320
- Mar 1, 2011 11:26pm Mar 1, 2011 11:26pm
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1