break it to down
? I scapled 32 pips when it broke triangle and still hold a small short position from 5358
Keep Simple...!
Cable Update (GBPUSD)
- #315,602
- Jun 5, 2012 5:31am Jun 5, 2012 5:31am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #315,615
- Jun 5, 2012 11:53am Jun 5, 2012 11:53am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #315,616
- Jun 5, 2012 11:58am Jun 5, 2012 11:58am
its better wait until close daily.maybe buy max tomorrow.depends on daily close.i do have last sell for today m5 seems like HnS pattern.should go down lower n bounce back b4 closing daily.entry level for buying tomorrow if valid cs pattern 1.5302.locking sl +1pips.enough for today
patient is my attitude, rushing is a dog
- #315,618
- Jun 5, 2012 2:45pm Jun 5, 2012 2:45pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
..just kiddingin all the summits that the G7 G8 G99 and ECB,IMF and all the secret organisations in the world had since the crisis begun they all have same phrases in their speech ''we will''
spanish have a word ''manana'' meaning ''sure,we'll do it,just let me have my siesta first then the fiesta and in 2-3 weeks time maybe I'll do it''
frankly,if all the money in the world would be pumped in sPain and GREEDce there will still be a huge gap in this union no matter what
this is how all the summits worked out so far.just scroll back in time ...at the begining of the year when Greece needed the bailout in order to secure the debt pay in march and ECB and the rest of the world were just talking in summit after summit about the things they need to do
so all the news you hear or see even on Bloomberg will only be valued if traders from big banks or funds follow them...otherwise they are rain down the drain....just look at the market now.
let's say we wait for Asia tonight to see any movement but I doubt anything big will happen till thursday after Bernanke testifies and the market will see either if USA will twist and shout some more or they will Q3.
that is the moment you will know wether to sell USD or not
if he talks about QE3 then sell it like hell if not...well EU is still in a deep s***
- #315,619
- Jun 5, 2012 3:00pm Jun 5, 2012 3:00pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
yea sell all you have ...by tmr morning there will be no more USD
in all the summits that the G7 G8 G99 and ECB,IMF and all the secret organisations in the world had since the crisis begun they all have same phrases in their speech ''we will''
spanish have a word ''manana'' meaning ''sure,we'll do it,just let me have my siesta first then the fiesta and in 2-3 weeks time maybe I'll do it''
frankly,if all the money in the world would be pumped in sPain and GREEDce there will still be a huge gap in this union no matter what
this...
for what i have seen recently, ben+fed came everytime in perfect time to move market in the correct way. assuming there is a correct and a wrong way.
once they came when GU was staggering near 1.60 at beginning of month, pushing it down to 1.58.
then they came when need was to move it up if i'm not wrong to breake 1.61.
now they come and price is 1.53.
do they need to breake that line just to load some HUGE long order just 50-60 pips below it????
EDIT: also worth to give a deeper eye in commodiites..... gold printed highest daily candle (more than 80$ xoz) in friday.
can we imagine to see whole those orders being closed for a reversal? uhm. ok everything is possible!
let's see what will come out, but i will certainly not jump in any kind of fast impulsive move!!
90% of traders use TA, indicators and prediction