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- currencyexch replied Jun 4, 2009
Then it makes sense for it to retrace for re-eentry to go long. 61% will put it at 1.5601 which also makes sense and may happen as gittery as some people may be, sorta to shack the tree for more fruit. And it will confirm if it was a false breakout ...
- currencyexch replied Jun 4, 2009
That's a descending triangle which indicates downwrad continuation
- currencyexch replied Jun 4, 2009
direction — Anybody have a realistic, guesstimate as to where this is headed? My head is burned out from looking at charts I haven't a clue anymore. It's been more of a dart game lately and I keep missing the board. 50/50 chance and keep ...
- currencyexch replied Jun 4, 2009
bad sign/good sign — Depending upon what side your on. AUD/CHF is working on retesting the lows of the drop which indicates the downside is not over. The Aussie has been as strong if not stronger the GBP, they have high rates of return and the ...
- currencyexch replied Jun 4, 2009
I think it's a good time to take the day off and let the dust settle, anything else is just gambling at this point until there is some better directions and Asia market will provide the Prozac
- currencyexch replied Jun 4, 2009
The disarray in the UK government is clearly having an impact on the pound and if the Brown administration does not establish some sense of control relatively soon, the loss of confidence could push the pair below the G/U 1.6000 level as traders ...
- currencyexch replied Jun 4, 2009
The drop blew right by my stops that I had on AUD/USD and took an additional 60 pip hit
- currencyexch replied Jun 3, 2009
I see 156.42 as support on the daily chart so as long as it stays above no downside yet. It is currently 300 pips above the Tenkan line on cloud chart which is first line of major support then 150.63 after that But still expecting a ride back to 158 ...
- currencyexch replied Jun 3, 2009
I here you brother, I got descimated the other day but who ever had their eye on the 4hr chart is a life saver, jumpe in when it broke 156.40 and it just now to, took off., Of course I'm as scared shitles as you so I bailed with 50 pips. Can't go ...
- currencyexch replied Jun 3, 2009
4hr — I'm glad somebody pointed out the 4hr chart. Changed my thinking as to the reversal. This was the correction not it can resume its journey. Got my ticket and climbing on board
- currencyexch replied Jun 3, 2009
Sitting close to BTL on 4 hr chart. This may be the bottom and will see what the Asian market does. I will play the upside but be ready for breakout below todays low which will confirm to me a bigger correction Also the price action is still in the ...
- currencyexch replied Jun 3, 2009
What are usiing to see the divergence?
- currencyexch replied Jun 3, 2009
So what are you saying? It is going back to 158.72 before it goes further south?
- currencyexch replied Jun 3, 2009
If companies don't make money or have earnings how does their stock go up? It can't. This stock market thing is full of fluff. With unemployment numbers so high it's not logical for the exuberance, un less of course the other 85% of the peopple have ...
- currencyexch replied Jun 3, 2009
Looke like a bullish triangle on U/J. Seems to me better to long but nimble, may see a move upward, Elliot wave indicates that potential and if the USD index goes up it should get a move even as high as 99
- currencyexch replied Jun 3, 2009
JPY — What is an nteresting observation the U/J isn't doing anything, much to speak of anyway. If the dollar supposedly was having any sttrenght as evidenced by GBP and EUR the u/j should take off tonight. Thought it would last night but cam ...
- currencyexch replied Jun 3, 2009
suspect some retrace back to 156.20 for re-entry
- currencyexch replied Jun 3, 2009
Anybody got a re-entry number. I bailed before she turned up last time to grab some money back and was busy with G/U
- currencyexch replied Jun 3, 2009
Looks like a 250 pip move to the upside after indicator turned south I wonder how sensitive or how one can smooth it to get a closer range then 250 pips. At lease it does give a clear indication that a turn is coming perhaps in another pair the ...
- currencyexch replied Jun 3, 2009
Divergence? — Can anyone explain and SHOW an example of divergence? TY