View Poll Results: What impact will the Bank of England Rate Decision have on the GBP/USD?
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03-12-2010, 10:01 AM #15481
Reversal Direction not correction
I think GBP will go up near 2.100 USD before the end of this year. Look the weekly chart attached with this.
My Best Wishes
H. Shoukr
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03-12-2010, 10:11 AM #15482  Originally Posted by Panda Eyes  agreed! my target met!
if hold 15200..& best if break 15100-30
then 14900-15200 ding dong...
nice wkend...love pe You went short Panda? I did at 5144. 4 week cycle shows down now.
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03-12-2010, 10:33 AM #15483  shorted
Originally Posted by 4xis2ez You went short Panda? I did at 5144. 4 week cycle shows down now.
i did go short.
i post earlier ...i gather all u guys advices on yesterday ny time+
my view of if hold above 15000 will test 15100, 15200..
went long esp when it broke yr pivot 15050, set 14985sl & went sleep..
then today set 15175-15200 tp.
then today ny see 15200 not break (cos if break wil go to 15300),
agreed w fazi & went short again.
like i say, i will go sleep & feel more comfortable if it break 15100-30.
then i go short is bcos i see eur 13800 still cant break to take out
stops @ 13850
more imp is..sean & many of gd traders remind this is bear mkt rally.
& my view on fundamental of greece then spain not so simple & cant
b solved so fast...spain is certainly get much much worse after all my
fundamental study & analysis lately.(my 2cents)
love pe
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03-12-2010, 10:33 AM #15484
Did you notice an ending diagnal/wedge with rsi div both on 1h and 4h charts of SP500?
I think either a double top or expanded flat correction is brewing here.
1h chart
Patryk
Last edited by fazi; 03-12-2010 at 10:39 AM.
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03-12-2010, 10:42 AM #15485 Originally Posted by Franosh Hi, Patryk
What do you think of Cable's current Camarilla look? On 4H it's hugging 90 SMA and stopped short of hitting H1. Main trend is down...so pair should turn back down just as soon as this bear market rally (correction) fizzles out. I agree.
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03-12-2010, 10:46 AM #15486  want to go sleep
see..hw i said abt breaking this 15100-30 then can go sleep.
now i cant go sleep yet. hate it...
hmm..pe
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03-12-2010, 10:58 AM #15487 Originally Posted by Panda Eyes see..hw i said abt breaking this 15100-30 then can go sleep.
now i cant go sleep yet. hate it...
hmm..pe Oh the price we pay as traders huh? hehe!
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you arent sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
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03-12-2010, 11:01 AM #15488
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03-12-2010, 11:20 AM #15489
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03-12-2010, 11:20 AM #15490
Sean, how would one figure out when the bull run is over?
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03-12-2010, 11:27 AM #15491
gap
It finally closed the gap also at daily R3
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03-12-2010, 11:28 AM #15492 Originally Posted by cerevante Sean, how would one figure out when the bull run is over? You'd know when it was "likely" over when the near term uptrend (bear market rally) breaks down by taking out the short term uptrend line.
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you arent sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and Ill introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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03-12-2010, 11:29 AM #15493 Originally Posted by renkoMan renkoMan, are you saying that it is downhill from here onwards.
BTW, how did you get MT4 to do that chart?
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03-12-2010, 11:34 AM #15494 Originally Posted by Franosh It finally closed the gap also at daily R3 on my chart Franosh not yet...
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03-12-2010, 11:35 AM #15495 Originally Posted by cerevante renkoMan, are you saying that it is downhill from here onwards.
BTW, how did you get MT4 to do that chart? That is one of the harmonic patterns. Try this: TradingArsenal.com
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coz strong res
