or like this ....
If I open an fx broker company, anyone interested to join?
I will offer tight spread, fast execution and no trading restriction.
At least you know where your money went to
Cable Update (GBPUSD)
- #286,641
- Aug 17, 2011 11:58pm Aug 17, 2011 11:58pm
If I open an fx broker company, anyone interested to join?
I will offer tight spread, fast execution and no trading restriction.
At least you know where your money went to
- #286,642
- Aug 17, 2011 11:59pm Aug 17, 2011 11:59pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,643
- Aug 18, 2011 12:13am Aug 18, 2011 12:13am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
i was waitin this!
always close your trade if you doubt about!!!!!! also if now price goes to 0.9000 you will get billions of positions in the middle
rat
- #286,644
- Aug 18, 2011 12:21am Aug 18, 2011 12:21am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Cable going to 0.9
90% of traders use TA, indicators and prediction
- #286,645
- Aug 18, 2011 12:25am Aug 18, 2011 12:25am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #286,646
- Aug 18, 2011 12:38am Aug 18, 2011 12:38am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,647
- Aug 18, 2011 12:45am Aug 18, 2011 12:45am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,649
- Aug 18, 2011 12:59am Aug 18, 2011 12:59am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
currently PA is consolidating before LBO and I figure a breakout of the range is on the way very soon, same deal on EU SOB actually. 
- #286,650
- Aug 18, 2011 1:08am Aug 18, 2011 1:08am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
My hourly chart. The rising trendline is forcing price into a wedge with the weekly trendline resistence. With dollar index still hovering around 74 it shows that this move is about GBP strength not Dollar weakness, with a lot of money flowing into UK bonds as a "safe haven". So with this in mind will be pulling up a Gilt chart for clues of reversals- in the past bond markets have given a heads up to currency moves ahead of time. I see cable more range bound today as it digests yesterdays move. Will look to sell today, [b]but feel...
i agree most part.
i would add that dollar is not helping to hold gu down just because is very weak and still not recovering.
today big data comming up both in UK and USA.
lets see...
90% of traders use TA, indicators and prediction
- #286,651
- Aug 18, 2011 1:14am Aug 18, 2011 1:14am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
until end of this week we will definately see a test of 6660, in fact today after range break that's a very possible target. we could dive to 6480-6490, so long this area hold I'm a buyer into the range breakout. Short sellers good luck to you guys, momentum is with the buy side for now, at least until we reach 6660 and quite possible 6740.
ps: lbo will prolly pull the deal lower @ first to take out stops and then it's party time.
ps: lbo will prolly pull the deal lower @ first to take out stops and then it's party time.
- #286,652
- Aug 18, 2011 1:22am Aug 18, 2011 1:22am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
until end of this week we will definately see a test of 6660, in fact today after range break that's a very possible target. we could dive to 6480-6490, so long this area hold I'm a buyer into the range breakout. Short sellers good luck to you guys, momentum is with the buy side for now, at least until we reach 6660 and quite possible 6740.
if it do, will give more power for buyers into 65 area next week resuming old uptrend in daily chart. and hey, also would mean we won't have a ranging day
for the moment i have no positions open as i have no clear setup yet.
only some scalps.
90% of traders use TA, indicators and prediction
- #286,653
- Aug 18, 2011 1:27am Aug 18, 2011 1:27am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,654
- Aug 18, 2011 1:27am Aug 18, 2011 1:27am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
King I just keep it simple, there is a range, there is strong momentum, a breakout will come, just like it did before. GU is doing a strong bump and run pattern, so until some TL breaks to the downside or PA congestion near strong resistance develops with long wicked candles I kinda have a hard time considering any shorts.
- #286,656
- Aug 18, 2011 1:40am Aug 18, 2011 1:40am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #286,657
- Aug 18, 2011 1:41am Aug 18, 2011 1:41am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,658
- Aug 18, 2011 1:48am Aug 18, 2011 1:48am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
King I just keep it simple, there is a range, there is strong momentum, a breakout will come, just like it did before. GU is doing a strong bump and run pattern, so until some TL breaks to the downside or PA congestion near strong resistance develops with long wicked candles I kinda have a hard time considering any shorts.
Yes I think your right momentum is to the upside on cable and euro
rat
- #286,660
- Aug 18, 2011 1:52am Aug 18, 2011 1:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
King I just keep it simple, there is a range, there is strong momentum, a breakout will come, just like it did before. GU is doing a strong bump and run pattern, so until some TL breaks to the downside or PA congestion near strong resistance develops with long wicked candles I kinda have a hard time considering any shorts.
this is what im having a hard time with..if it was ever gonna breakout to the top side..the time would be good now
morning folks
if any1 is wondering what that chart is..its great british pound strength index
(an indicator for pound strength..just incase)
morning star type formation developing perhaps
