the PA for USD is seriously to damn difficult to read..it literally bounced in thin air
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
Cable Update (GBPUSD)
- #298,361
- Jan 17, 2012 2:16pm Jan 17, 2012 2:16pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
- #298,362
- Jan 17, 2012 2:24pm Jan 17, 2012 2:24pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
the PA for USD is seriously to damn difficult to read..it literally bounced in thin air
The monthly pivot is at 79.68. The dollar is still very bullish.
Good luck
Thank You
- #298,363
- Jan 17, 2012 2:25pm Jan 17, 2012 2:25pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #298,364
- Jan 17, 2012 2:31pm Jan 17, 2012 2:31pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
It didn't bounce in thin air bro .. 80.80 is the W1 pivot support.
The monthly pivot is at 79.68. The dollar is still very bullish.
Good luck
- #298,365
- Jan 17, 2012 2:32pm Jan 17, 2012 2:32pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #298,366
- Jan 17, 2012 2:38pm Jan 17, 2012 2:38pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #298,367
- Jan 17, 2012 2:46pm Jan 17, 2012 2:46pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
thanks buddy
my position is already in heavy trouble.
i only hope in some recover up near day ending to close in less loss.
At the moment price is dead on day open, 15 pips lower than the monthly pivot support, 25 pips lower than yesterday's high & about 20 or so pips above the awesome 5300 & you're about 15 minutes way from the day close.
I hope you have a tight stop in place just in case my friend.
Good luck!
Thank You
- #298,368
- Jan 17, 2012 2:48pm Jan 17, 2012 2:48pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
5300 is the dead zone, many people died here in the past. Nav you remember?
At the moment price is dead on day open, 15 pips lower than the monthly pivot support, 25 pips lower than yesterday's high & about 20 or so pips above the awesome 5300 & you're about 15 minutes way from the day close.
I hope you have a tight stop in place just in case my friend.
Good luck!
always man!!!..plenty of graveyards..every friggin year..we sayin hi again here every year..i hope my spot aint dug here
- #298,369
- Jan 17, 2012 2:49pm Jan 17, 2012 2:49pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
5300 is the dead zone, many people died here in the past. Nav you remember?
At the moment price is dead on day open, 15 pips lower than the monthly pivot support, 25 pips lower than yesterday's high & about 20 or so pips above the awesome 5300 & you're about 15 minutes way from the day close.
I hope you have a tight stop in place just in case my friend.
Good luck!
this in the chart is what im trying to do
BreakeEven is some 10-12 pips above here.
automatic target is 5345.
90% of traders use TA, indicators and prediction
- #298,370
- Jan 17, 2012 2:59pm Jan 17, 2012 2:59pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
always man!!!..plenty of graveyards..every friggin year..we sayin hi again here every year..i hope my spot aint dug here
But, if 5300 gets taken out, this can easily tank to 4900 at least.
I'm still flat atm, won't be selling too close to the support, can't buy without a strong close either.
Let's see what tomorrow brings.
Thank You
- #298,371
- Edited 3:22pm Jan 17, 2012 3:02pm | Edited 3:22pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
haha .. yea well as long as the daily stays above 5300 then it has a chance of pushing back up for a retrace, a couple of bullish formations in the last few days made me look, the harami, the spinning top ... but, the follow through had been weak, had one day closed a strong bullish candle I probably would've bought myself.
But, if 5300 gets taken out, this can easily tank to 4900 at least.
I'm still flat atm, won't be selling too close to the support, can't buy without a strong close either.
Let's see what tomorrow brings.
yeah i hear u completely..and agree this area cannot be taken lightly
- #298,372
- Jan 17, 2012 3:07pm Jan 17, 2012 3:07pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
yes i know what you mean.....
this in the chart is what im trying to do
BreakeEven is some 10-12 pips above here.
automatic target is 5345.
Okay well the new daily open is @5329 & you do have a bullish divergence on your macd xover there, so you probably will get 5345.
In any case 5309 must not be taken out imo, or it's likely gonna be a bearish day later.
Hope you get paid, good luck!
Thank You
- #298,373
- Jan 17, 2012 3:13pm Jan 17, 2012 3:13pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I didn't know you were scalping, sorry! Ignore my levels
Okay well the new daily open is @5329 & you do have a bullish divergence on your macd xover there, so you probably will get 5345.
Hope you get paid, good luck!
i thought in a better reaction at this level so since it is not going as i planned, i only want to get out of it with less loss possible.
tomorrow is a new day and i need my account's intergrity
yes there is some divergence in that macd, i use it only in m1 + m5 to read price near main over-sold/bought areas.
im using now my few scalping's knowledge to do my best in that trade...
thank you very much!!
90% of traders use TA, indicators and prediction
- #298,375
- Jan 17, 2012 3:43pm Jan 17, 2012 3:43pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
whats your current position on GU?
90% of traders use TA, indicators and prediction
- #298,377
- Jan 17, 2012 4:04pm Jan 17, 2012 4:04pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #298,378
- Jan 17, 2012 4:06pm Jan 17, 2012 4:06pm
out whole for an overall loss of some 15 pips.
i can sleep thinking about which have been main mistake:
A. not going short near 5400.
B. going long in wrong time.
C. both A+B.
good luck you all i will come back when i will have the answer.
Good luck
RM
- #298,379
- Jan 17, 2012 4:35pm Jan 17, 2012 4:35pm
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #298,380
- Jan 17, 2012 4:53pm Jan 17, 2012 4:53pm
- Joined Mar 2011 | Status: Bullish Behavior | 3,182 Posts
Where will she go next?
