Hey Gnarly, I would like to see that far right candle close higher than a doji. If it holds, I'll join you on the long side. Nice chart showing uptrend.
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Hey Gnarly, I would like to see that far right candle close higher than a doji. If it holds, I'll join you on the long side. Nice chart showing uptrend.
Hey Gregory thanks. There´s defenetly no entry yet, but I will be looking for longs on the shorter time frame.
London session review and outlook May 14 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.
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I am short GBP/USD at 1.6110 with Limit at 1.6012, Stop 1.6186
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I am short GBP/USD at 1.6110 with Limit at 1.6012, Stop 1.6186
I see this pair capped inside a tight range, if price doesn´t move above 6122/25 no longs are in play and your position will be looking very good. GL Gregory!
I see this pair capped inside a tight range, if price doesn´t move above 6122/25 no longs are in play and your position will be looking very good. GL Gregory!
Thanks my friend!
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I went ahead and got short, I might have pulled the trigger too early, would not be the first time. However, I think your 1.6050 is a good price target as it was an area of consolidation. Cable got a big head start on the Euro with this run up so it may be the first to start moving down. That's just my two pips!
Are you in anything now?
You got a good entry mate - let hope it continues lower. I will see if I can scalp tomorrow morning - if the 1.6125 level hold I will go short.
Just keeping my MXN/CZK open - I am also long the SWE30 but this is a long term position - I hope to close with a 30% gain in January (unleveraged position).
You got a good entry mate - let hope it continues lower. I will see if I can scalp tomorrow morning - if the 1.6125 level hold I will go short.
Just keeping my MXN/CZK open - I am also long the SWE30 but this is a long term position - I hope to close with a 30% gain in January (unleveraged position).
Thanks man. It rolled over but its taking its time. Retail sales number tomorrow may be a reversal of fortune
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hi all.. just closed my short positions at 1.6072 and hold my LONG positions at 1.6091 . i' am no worried about my LONG position and let it run. i'm sure what i do..
the RED's kinda forming a canopy like pattern and question @Greg and others... Does this qualify for any sorta pattern.. I'm not sure and if it is, what does it represents..
GL...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
GBP/USD
Price is clearly trading lower and even created a double top this morning - we will probably correct part from these losses but it would surprise me if we do not reach 1.6025 level as long as we trade under the 1.6125 highs.
1 hr time frame
ITD1 bottom is already 2 days late - chances of breaking 1.63 have dropped redically.
ITD2 top is due on monday, but sabbath on friday should be a great shorting opportunity - medium/long term.
hourly delta - we most likley had no.6 bottom (on time), no.7 top (early) - no.8 bottom is due tomorrow 8.30 (London time).
I have an impresion that cable is being sold ahead of claimant count change - which could be a good "buy the fact" event - tomorrow is the 16th and low is due according to Howdyy`s time projections.
eurgbp broke back into the channel - so far contained by 4h kijun sen, but this could be the sign of more weakness for the Sterling.
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