USD comsumer confidence turned out lower than expected this should trigger bullish effect.
Cable Update (GBPUSD)
- #274,922
- Mar 29, 2011 9:10am Mar 29, 2011 9:10am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
USD comsumer confidence turned out lower than expected this should trigger bullish effect.
could not help it ....I sent an article about this yesterday with a definition on what it means + I made an analysis this morning for a friend telling him that sharks need to eat something .
here's how I see it
price went up up up up and then sharks sold.
price went down down down and sharks bribed the statisticians to change the results of the consumers opinion (if they ever ask for it)
today I just realised I should trade with smaller lots than I do now.the more money I have in my acc the less lots I trade.
I'm not gonna be live bait for the sharks
- #274,923
- Mar 29, 2011 9:13am Mar 29, 2011 9:13am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
TT,
You back, so am I!! I am hoping to catch around 157 if I am very lucky
The very best of luck...
Ta
ams
Good to see you in the thread!
Hope you get your number. All the best to you
Regards
- #274,924
- Mar 29, 2011 9:13am Mar 29, 2011 9:13am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
true,I did not even look at UJ as I don't trade it
but...
Anyway. This retracement may make it all the way back to 1.6 and then if that's rejected then shorts are back in fashion...
Gone to a better place
- #274,925
- Mar 29, 2011 9:22am Mar 29, 2011 9:22am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
OK - just so you know I'm keeping an eye on you.
Anyway. This retracement may make it all the way back to 1.6 and then if that's rejected then shorts are back in fashion...
I hope my mind was clear when I did this analysis ....we'll see laterthe 1.60 was nearly touched now at 1.599X
we're supposed to have a pull back to 1.597X more or less but this is the way the market's equilibrium works out
the thing is that there might be a galleon formed on M5 and when the price brakes the cloud at 1.599X then we go above 1.60
1.613-4 would be some top and in case we brake it we will shift it to 1.64 again as I have been waiting for 1 week now.
and as usual my evil twin tells me the sell is not over yet.it might come now or after 1.64
GJ still need 128.50 level and GU still need 1.591X and below.
EU has to go to 1.43 so.......I'm hedging again with bigger value on buy GU and smaller ones on sell
p.s. tonight I will prepare the masterpiece presentation of this analysis....more correlations to come
)
- #274,927
- Mar 29, 2011 9:30am Mar 29, 2011 9:30am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #274,928
- Mar 29, 2011 9:46am Mar 29, 2011 9:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
we under 1.60..sucking in blood
i almost wish i was at work..DAMN
SHE MIGHT break the bottom here i see a patern forming..hr close like a pin..she gonna try
i almost wish i was at work..DAMN
SHE MIGHT break the bottom here i see a patern forming..hr close like a pin..she gonna try
- #274,929
- Mar 29, 2011 10:00am Mar 29, 2011 10:00am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
we under 1.60..sucking in blood
i almost wish i was at work..DAMN
SHE MIGHT break the bottom here i see a patern forming..hr close like a pin..she gonna try
- #274,930
- Mar 29, 2011 10:02am Mar 29, 2011 10:02am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #274,931
- Mar 29, 2011 10:03am Mar 29, 2011 10:03am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
we under 1.60..sucking in blood
i almost wish i was at work..DAMN
SHE MIGHT break the bottom here i see a patern forming..hr close like a pin..she gonna try
I am waiting for you somewhere down there...
With my new Apple laptop ready for action.
- #274,932
- Edited 10:17am Mar 29, 2011 10:06am | Edited 10:17am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
or it might be a double bottom already formed
we cannot have a double bottom in place, the move hasnt even started..this weekly open was the trigger..look at the weekly chart:-
last week we broke the high of the previous last 7 weeks and now we are testing the low of the previous 7 weeks
so u simply cannot say this is double bottom (it may well be the base) but the chart suggest price is looking to try break the base..its awaiting a breakout
this is just my view point..
Suck blood, Bro!
I am waiting for you somewhere down there...
thats one way to get an apple laptop cheapI value tau as a trader and i know he is long (read his posts)
but i feel this trade may work out..important thing is no right or wrong just what is impt is going with the blasted thing
the some b**ch has also broken the monthly low..next month hopefully me lucky..
- #274,933
- Mar 29, 2011 10:14am Mar 29, 2011 10:14am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
watch out for the falling 3
- #274,935
- Mar 29, 2011 10:18am Mar 29, 2011 10:18am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
wormie
Thank You
- #274,936
- Mar 29, 2011 10:21am Mar 29, 2011 10:21am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
For sure Friday is a big day. We hit MR1 at 1.6375 area and since have come down. We are below MS1 1.6050 so next we might hit WS1 at 1.5880 and then MS2 at 1.5850. See what happens.
Thank You
- #274,937
- Mar 29, 2011 10:22am Mar 29, 2011 10:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
how's it going bro
im waiting for audusd monthly close to short the sucker too, usd looking to finish us off again..the bloody thing is a pain
been chilling in yur journal bro..damn good trading on yur part
- #274,938
- Mar 29, 2011 10:30am Mar 29, 2011 10:30am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
im good bro..just chilling waiting for this thing to show its hand..
Hope you nail those trades brother. Good luck!
Thank You
- #274,939
- Mar 29, 2011 10:33am Mar 29, 2011 10:33am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
looks to me like the D1 dx is forming a bottom bro & the W1 cable is forming a rounded top. I want my Hollywood trade, all this scalping 30 40 pips is bollocks & starting to piss me off. I didn't get into trading to scalp the ltf & raise my bp!
Hope you nail those trades brother. Good luck!
she prolly gonna do something like this..i think, i hope not thou
- #274,940
- Mar 29, 2011 10:35am Mar 29, 2011 10:35am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
..this is madness
Thank You