it will trust me)
is just a matter of some billions to get 1.59
90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #334,401
- Jan 22, 2013 9:22am Jan 22, 2013 9:22am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
is just a matter of some billions to get 1.59
- #334,405
- Jan 22, 2013 9:41am Jan 22, 2013 9:41am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
ok 5878 out some
stop @be.
will not touch anything else.
EU looks dangerously heavy.....
Egbp reaching now Weekly pivot. damn. couldn't it have done this yesterday????
i'm always anticipating market of 20-40 hours.
stop @be.
will not touch anything else.
EU looks dangerously heavy.....
Egbp reaching now Weekly pivot. damn. couldn't it have done this yesterday????
i'm always anticipating market of 20-40 hours.
90% of traders use TA, indicators and prediction
- #334,407
- Jan 22, 2013 9:42am Jan 22, 2013 9:42am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #334,409
- Jan 22, 2013 9:43am Jan 22, 2013 9:43am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #334,414
- Jan 22, 2013 11:06am Jan 22, 2013 11:06am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Daily starting to look flaggish.
- #334,415
- Jan 22, 2013 11:10am Jan 22, 2013 11:10am
- Joined May 2009 | Status: Trader | 4,895 Posts
LOL I hope not! This would be bad for my XXX/JPY shorts...
i trade UJ also today, but already cleared my position based on current 4h formation.. seems like price consolidation atm, so i think better to be safe than sorry, furthermore all the yen pairs is actually in an uptrend, so this move downward is treated as a correction.
if ever a downtrend is forming, i think there would be consolidation first, so i expect price will range for sometime first before move down (in higher TF). are you still holding yours mate?
- #334,416
- Jan 22, 2013 11:12am Jan 22, 2013 11:12am
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
your becoming a good trader alex..u are developing a very good eye and instincts are developing
Thanks so much for that Nav, especially coming from someone like yourself who I hold in high regard as a trader.
Its nice to know someone is listening.
- #334,417
- Jan 22, 2013 11:15am Jan 22, 2013 11:15am
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
your becoming a good trader alex..u are developing a very good eye and instincts are developing
Plus I guess after staring at charts everyday for the last 6 years helps you see patterns like its almost second nature.
Imagine after 6 years Im just starting to make a profit and slowely arrode my losses from last 50 to 6 years.
Maybe Im just stubborn and determined.
- #334,419
- Jan 22, 2013 11:27am Jan 22, 2013 11:27am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Plus I guess after staring at charts everyday for the last 6 years helps you see patterns like its almost second nature.
Imagine after 6 years Im just starting to make a profit and slowely arrode my losses from last 50 to 6 years.
Maybe Im just stubborn and determined.
thank u or the compliment
yes after a while u kinda get whats potentially coming..the year closed bullish and i think we are in the range 1.63-1.58
I didnt realise as tom pointed out it has confluence with the 50% fib..but i cant see it moving up, this week, as weekly has the descending trendline is in the way..but if we dont move much till end of next week..
I think we going back up, the potential make of a trendline on weekly is causing a hinderance
problem for long:- is the blasted flag on dailly which looks like its developing
- #334,420
- Jan 22, 2013 11:35am Jan 22, 2013 11:35am
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
thank u or the compliment
yes after a while u kinda get whats potentially coming..the year closed bullish and i think we are in the range 1.63-1.58
I didnt realise as tom pointed out it has confluence with the 50% fib..but i cant see it moving up, this week, as weekly has the descending trendline is in the way..but if we dont move much till end of next week..
I think we going back up, the potential make of a trendline on weekly is causing a hinderance
problem for long:- is the blasted flag on dailly which looks like its developing
If we stay in this flag for a bit, how would you play it. Pre empt it and take the short around here with a tight stop above say 914, or would you prefer to wait for a break of the bottom part of the flag at 804?
