buy rumor sell news
Cable Update (GBPUSD)
- #274,522
- Mar 22, 2011 6:10am Mar 22, 2011 6:10am
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 1,007 Posts
- #274,526
- Mar 22, 2011 6:41am Mar 22, 2011 6:41am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Why? We have cleared monthly resistance and are making 1yr+ highs right now - if you want to short why not wait till 16460
I don't know why but I think I heard this some time ago
from another member.It's just a long view I have now but I might be wrong on the other hand.
And I don't think we will see the hike rate right now....this month.It might come in may but I might be wrong again.
Now I just see as I saw back then the overbought stochs and RSI and the ichi telling me to sell a bit and later on to buy again.
I repeat my long term TP is 1.67 and it will go there this year.maybe 1.70 as well but I am to lazy to check it now.
one step at a time.
Still my bigges conviction the price will drop some 2-300 pips comes from the GJ that needs to go down to 128.50 as a min....as they move similar GU has to go down as well.
it might be after the 1.6460 and 135 for GJ or it might be earlier.this I cannot tell
Quote:
Originally Posted by redbeben http://www.forexfactory.com/images/buttons/viewpost.gif
I expect a retrace to 1.62,1.61,1.60 and let's see if we hit the 1.59 level
after all we are supposed to wait for the 1.48 level right? (that's what a trader said here a few days ago)
why would you be looking for a retrace, when price had just taken out the strongest resistance we had in February @6260?
This breakout signals continuation my friend
- #274,528
- Mar 22, 2011 7:16am Mar 22, 2011 7:16am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #274,531
- Mar 22, 2011 7:44am Mar 22, 2011 7:44am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
already at 1.64... wonder what they going to do...
I will be the number one Manager.
- #274,533
- Mar 22, 2011 7:49am Mar 22, 2011 7:49am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Cable may go south ! Wait and see ...
- #274,540
- Mar 22, 2011 8:30am Mar 22, 2011 8:30am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
hey man - can't really understand the chart - can you put it into words? Are the red arrows short positions?
the red arrows are supposed to show the shorts but I never use them .there is an indicator called dynamic range indicator.I will attach it to this note.what I see there is the following
-H4 that type of short candle (don't remember now how it is called....)
-flat line on ichi at 1.6188,line that attracts the price
-Momentum at top
-RSI above 70
-Stochs above 80
the trouble with the dynamic range indicator is that it works on higher TFS and not always.sometimes it repaints ...so I don't use it...it just got stuck there
