Forex Day Trader's Thread

[evergreen1]

pippy
whats ur idea about GBP/USD on one hour chart,

 

[Pippy5000]

banking $210

 

[Pippy5000]

I'm looking great..

 

[Pippy5000]

Euro is setting up in a bear flag pattern on the hourlies

 

[RidderTrade]

added euro/usd short this sucker bounce to mid term positions

 

[RidderTrade]

added gbp/usd short to riddss family

 

[RidderTrade]

back?

watch out, EJ still has space underneath

cppppppppp

 

[RidderTrade]

where have you been cp

 

[RidderTrade]

gbp usd

pippy
whats ur idea about GBP/USD on one hour chart,

it looks weak.. 4/5 hours to gain only few, and to give away in 1/2 hours..
bearish short term, mid term
ofcourse there will be some idiot bounces in between

 

[RidderTrade]

good luck

 

[cpngtw]

where have you been cp

Riiddd!!! I was away last week. How did you do?

 

[RidderTrade]

I am ok!! Why did not you tell ridd?

 

[RidderTrade]

I see the first us citizens are waking up

 

[Pippy5000]

when does the action begin?

 

[RidderTrade]

well..there is quite some action in the silver,gold market

 

[RidderTrade]

ah nice power in the usd now

 

[N Rothschild]

yay usd

 

[Pippy5000]

Cable will be due for a bounce at 1.64 because of strong support and highly oversold stochastics

 

[N Rothschild]

stochastic suck mate

 

[Pippy5000]

I think the readings on the hourlies are useful.. Cable will be at about -75 or even -80 if it can make it to 1.64 within the next few hours .. I don't think there will be enough sellers to outweigh the buyers and profit takers at 1.64 to avoid a bounce.. It makes sense mathematically due to the mechanics of the way the market works, but it's also contrarian because 80% of traders are rarely right.