DislikedBears are really trying to push through support at 1.5656. 23% Fib of the June uptrend and proved strong resistance to price early this week.Ignored
Cable Update (GBPUSD)
- #319,323
- Jul 20, 2012 8:56am Jul 20, 2012 8:56am
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
Don't follow me! You can and most likely will LOSE all your money!!!!
- #319,325
- Jul 20, 2012 9:04am Jul 20, 2012 9:04am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #319,326
- Jul 20, 2012 9:08am Jul 20, 2012 9:08am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #319,328
- Jul 20, 2012 9:11am Jul 20, 2012 9:11am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #319,329
- Jul 20, 2012 9:17am Jul 20, 2012 9:17am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #319,330
- Jul 20, 2012 9:19am Jul 20, 2012 9:19am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #319,332
- Jul 20, 2012 9:25am Jul 20, 2012 9:25am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #319,334
- Jul 20, 2012 9:35am Jul 20, 2012 9:35am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
will knock the door
- #319,335
- Jul 20, 2012 9:42am Jul 20, 2012 9:42am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
no trading today as i mentioned yesterday.already exceeded daily target so I'm not gonna touch anything.
I would open a buy on GU @ 1.5580 or 1.5550 area but as it's friday and friday whatever I open is against me it means we will see it @ 1.5527 and if we close daily below we go lower lowe lower
UK depreciates GBP for the Olympics
....wait a minute,it was supposed to raise.who the heck understands what GU is doing anyway.
just trade what you see
I'm heading to the tennis court
I would open a buy on GU @ 1.5580 or 1.5550 area but as it's friday and friday whatever I open is against me it means we will see it @ 1.5527 and if we close daily below we go lower lowe lower
UK depreciates GBP for the Olympics
....wait a minute,it was supposed to raise.who the heck understands what GU is doing anyway.just trade what you see
I'm heading to the tennis court
- #319,337
- Jul 20, 2012 10:37am Jul 20, 2012 10:37am
- | Joined Feb 2012 | Status: Trader | 1,207 Posts
uhm personally i dont trade breakouts and also TLs....
i posted that line because i noticed it.
anyway, a line to be considered broken must be broken by a strong hourly candle out, followed by a move down to next support, and a move up to retest the line.
a lot of work time and patience....
I agree with you when you say alot of work time and patience...
Much appreciated though BB, thanks bro.
Have a good weekend.
- #319,338
- Jul 20, 2012 10:43am Jul 20, 2012 10:43am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
That sounds like you could potentially miss the initial breakout then in order to wait for the retest before shorting/longing the move up/down to next S/R.
I agree with you when you say alot of work time and patience...
Much appreciated though BB, thanks bro.
Have a good weekend.
have a good week end
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