GBP/USD broke above its monthly resistance level of 1.5975 and closed for the week at 1.6032, looking strong like eur and aud at the moment as eur had some good news regarding a few things including pmi, business expectations etc.
Cable Update (GBPUSD)
- #330,783
- Nov 25, 2012 2:37pm Nov 25, 2012 2:37pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Whose long at open?
This also popped into view.
Got to go to work..
Come with me if you want to live....
- #330,784
- Nov 25, 2012 2:50pm Nov 25, 2012 2:50pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
This also popped into view.
- #330,785
- Nov 25, 2012 3:05pm Nov 25, 2012 3:05pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
What does it mean?
I'm a mechanical trader, so just some ideas here.
Come with me if you want to live....
- #330,786
- Nov 25, 2012 3:08pm Nov 25, 2012 3:08pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
What does it mean?
We bust through 1.6 resistance on Friday like it was Swiss cheese, so more upside is my thought.
Come with me if you want to live....
- #330,790
- Nov 25, 2012 4:47pm Nov 25, 2012 4:47pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
well we need to have some retracement but 1.61 is in the view
Come with me if you want to live....
- #330,792
- Nov 25, 2012 4:56pm Nov 25, 2012 4:56pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
well 1.5950 or even lower but that's the idea
Not sure if we will get to 5950 or lower
- #330,793
- Nov 25, 2012 5:03pm Nov 25, 2012 5:03pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #330,797
- Nov 25, 2012 8:12pm Nov 25, 2012 8:12pm
Sums up today... So retarded I didn't cover full levels with my stop. Somehow I thought price was to reject right away from that trend line and had full exposure with a large position. Stopped out on 0.1 pip just to miss out on the the 70 pip upmove. Weekend, hope I learned from it this time.
Golden Goose Return This Month:
na
- #330,799
- Nov 25, 2012 8:54pm Nov 25, 2012 8:54pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower