Dislikedwill be any Reversal Trend during US session until Australia Session ? or it will be buliish throught the day. from my indicator seem that there is no reversal sign yet.Ignored
Cable Update (GBPUSD)
- #278,043
- May 2, 2011 10:14am May 2, 2011 10:14am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
take it easy 
blu should be big demand.
yellow is fiboarcs
red levels to be broken
6670-6680 now below price.
i hope it is enough clear ...
blu should be big demand.
yellow is fiboarcs
red levels to be broken
6670-6680 now below price.
i hope it is enough clear ...
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- #278,044
- May 2, 2011 10:21am May 2, 2011 10:21am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #278,046
- May 2, 2011 11:47am May 2, 2011 11:47am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
green rectangle i check to add buy if comes.
blu rectangle is below trendline=danger area
above is 6730-6745. closing candles above there means 68 area.
sorry to ask a stupid question mate....I'm really not good at it
I see 4 rectangles on the chart out of 3 green.....and one blue .
you mean the big one at the bottom as a buy ? or the other 2 up the chart?
I am not good at colours so for me all 3 are green
- #278,052
- May 2, 2011 2:18pm May 2, 2011 2:18pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hi BB
sorry to ask a stupid question mate....I'm really not good at it
I see 4 rectangles on the chart out of 3 green.....and one blue .
you mean the big one at the bottom as a buy ? or the other 2 up the chart?
I am not good at colours so for me all 3 are green
i mean until still 6600 possible buy.
below 6600 means below trendline so in the blu rect. there is a danger area for me so i would not be so sure to buy.
lower rect is old i forgot to delete it....
i post charts in gif so maybe colors are not so good
i prefere using colors to remember me how much important is that level 
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- #278,053
- May 2, 2011 2:21pm May 2, 2011 2:21pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
just reminds Guys
you were right
i feel like something is changin on patterns
gold
SP500
gbp usd
eur usd
until now usdx still weak but it is in support area.
maybe too early to think about a reversal
lets see if some levels go broke
90% of traders use TA, indicators and prediction
- #278,054
- May 2, 2011 2:30pm May 2, 2011 2:30pm
hello
you were right
i feel like something is changin on patterns
gold
SP500
gbp usd
eur usd
until now usdx still weak but it is in support area.
maybe too early to think about a reversal
lets see if some levels go broke
http://www.forexfactory.com/showthre...72#post4586672
and then take a look on your monthly
Could have a monthly pullback.
I say pullback because its bound too touch 1.67 at least once more. Could repeat the wick seen previously popping up through 1.68.
- #278,055
- May 2, 2011 2:33pm May 2, 2011 2:33pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Probably we will see 6550 tomorrow ...
in my study if that happens open the way for more down
unless it resumes from there on a boost (manufactury PMI ?!) and get again the trendline and the 6670's (something like it did at rates unchanged last month: down 100-120 pips then again up)
impossible to know
already posted my study, 6600-6620 should be strong.
last 6585-90 on extension if get some good stops there.
keeping falling n closing there will automatically close my last small long stops 6540.
today i did not short in 67 area
now im waitin to see an entry, looks like a bit late here
90% of traders use TA, indicators and prediction
- #278,056
- Edited 2:54pm May 2, 2011 2:49pm | Edited 2:54pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Check out Peaches post
http://www.forexfactory.com/showthre...72#post4586672
and then take a look on your monthly
Could have a monthly pullback.
I say pullback because its bound too touch 1.67 at least once more. Could repeat the wick seen previously popping up through 1.68.
tks for the link, nice one!
on my broker daily appears as below.
not same as on 'peaches' post.... gosh.
anyway in 67 area appears to reject price. i did not short was not on pc to see PA when there
i think is possible a down. will wait if breakes h1-h4 trendline. no good to sell here 6640 few above support area...
90% of traders use TA, indicators and prediction
- #278,057
- May 2, 2011 2:58pm May 2, 2011 2:58pm
hello
tks for the link, nice one!
on my broker daily appears as below.
not same as on 'peaches' post.... gosh.
anyway in 67 area appears to reject price. i did not short was not on pc to see PA when there
i think is possible a down. will wait if breakes h1-h4 trendline. no good to sell here 6640 few above support area...
Which I'm not, however :/
I'm literally thinking on the same lines of you, however I'm still bullish untill we at least attempt to give 1.69 a snog. I'm just gona buy the dips, unless the dips become supply
1.6625 being the first one
- #278,058
- May 2, 2011 3:04pm May 2, 2011 3:04pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
first step has done on the red line
now 2nd step needs to breake and close below 6632
am i wrong? what do you think?
there is a lot of mixed data as always near strong resistance levels
same as before GDP release last week....
very hard to find direction for me now.
can some one please post other comments/ideas?
maybe all together we will define better the whole picture
now 2nd step needs to breake and close below 6632
am i wrong? what do you think?
there is a lot of mixed data as always near strong resistance levels
same as before GDP release last week....
very hard to find direction for me now.
can some one please post other comments/ideas?
maybe all together we will define better the whole picture
90% of traders use TA, indicators and prediction
- #278,059
- May 2, 2011 3:10pm May 2, 2011 3:10pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
No good to buy or sell unless you're a fearless bastard scalping machine
Which I'm not, however :/
I'm literally thinking on the same lines of you, however I'm still bullish untill we at least attempt to give 1.69 a snog. I'm just gona buy the dips, unless the dips become supply
i think pattern is going to breake somewhere (up or down) during this asia session. always do the same this damn thing.
i agree on 6625. i put alarms below 6620 hope to wake up if goes n see PA what gives...... here is late night, i hate when things happens during asia
90% of traders use TA, indicators and prediction
- #278,060
- May 2, 2011 3:21pm May 2, 2011 3:21pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
ok last post then i stop n go sleep 
i have a lot of things to say... (too much maybe)
there is an interesting formation in usd jpy.
testing levels before world interventention.
price went lateral here a lot
now double bottom (to be confirmed)
price going far from trendline downward, forming a sort of lateral trend after the down since 85 area.
also bullish divergence on RSI
above 81.60 looks like start to go up again
this is level was waited by market as for a confirmation of 81.00 support before interventetion by BCE FED etc.....
from here we can see above 85 area and a bit stronger usdx.
i have a lot of things to say... (too much maybe)
there is an interesting formation in usd jpy.
testing levels before world interventention.
price went lateral here a lot
now double bottom (to be confirmed)
price going far from trendline downward, forming a sort of lateral trend after the down since 85 area.
also bullish divergence on RSI
above 81.60 looks like start to go up again
this is level was waited by market as for a confirmation of 81.00 support before interventetion by BCE FED etc.....
from here we can see above 85 area and a bit stronger usdx.
90% of traders use TA, indicators and prediction