not much to report from the 25 cent pnf chart.
The strong resistance at 1.89 hld, price now fallen back into range.
Minor support above 1.8625.
Sell trigger is new low below 1.85, buy trigger above 1.89.
Not much use for the moment I guess - so Ill have to be content to watch and wait
cheers
The strong resistance at 1.89 hld, price now fallen back into range.
Minor support above 1.8625.
Sell trigger is new low below 1.85, buy trigger above 1.89.
Not much use for the moment I guess - so Ill have to be content to watch and wait
cheers
City Bound
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Took a short @ 705, got bored as it stuttered around 695, closed once I decided it wasn't going down much further. Not convinced we'll take out yesterdays low, limit order in place just in case. If 680 goes then we could see some further movement down otherwise I reckon we're done that side and am looking for a movement up to 760.
Offshore Trader
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My system has triggered a short at 76. My target for USD/CHF upside is now 1.2740 although it is derived from a rising trendline and so is getting higher all the time but I do expect to see it reached today. As long as EUR/GBP holds above the 6680/90 resistance the short cable should be ok. We will see.....
Morning all,
Short too with current stoploss at 706. From the 60min chart at the moment i'm seeing a failed 3rd leg down from yesterday developing (this assumes 8676 is the low for the day) which is a precursor to the only harmonic pattern i know (5-0 harmonic), which, if it pans out suggests an upside zone of 8782-8823 followed by a retracement zone of 8716-8757, from which to buy again.
Lots of 'ifs' and 'buts' with this sort of thing and as i'm short, could really do with it not happening.
Short too with current stoploss at 706. From the 60min chart at the moment i'm seeing a failed 3rd leg down from yesterday developing (this assumes 8676 is the low for the day) which is a precursor to the only harmonic pattern i know (5-0 harmonic), which, if it pans out suggests an upside zone of 8782-8823 followed by a retracement zone of 8716-8757, from which to buy again.
Lots of 'ifs' and 'buts' with this sort of thing and as i'm short, could really do with it not happening.
City Bound
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Ouch. Sorry guys, had a slightly larger stop and managed to get out at break even on that down spike.
Offshore Trader
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Short again..... managed to deal at the bottom of the European range twice and top once, unfortunately on the wrong side. The current short doesn't look great but on the positive side EUR/GBP looks strong and if USD/CHF reaches my target then Cable will bomb.
hornblower
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just returned from my walk along the sea front in Bridlington,its a nice warm ,sunny day
half term this week , so there is a few kids and there mums about
I see not a lot has happened while I was away
may stay like this all day !!
half term this week , so there is a few kids and there mums about
I see not a lot has happened while I was away
may stay like this all day !!
hornblower
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trendie said:
I live in hope
Priceman
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Great little freebie from rcg, just got a mailshot saying about their 2pip spreads on EUR/USD and USD/JPY, touting for business obviously but this e-doc's not bad
http://www.rcgfxtrader.com/doc/ForexEducation.pdf
I'm having another nightmare day today with cable, wished it would just make up it's mind !
http://www.rcgfxtrader.com/doc/ForexEducation.pdf
I'm having another nightmare day today with cable, wished it would just make up it's mind !
