There is strong support at 1.8000, tested yesterday and on the 13 june.
If it breaks below this with conviction then i have a target fib. of 1.7300.
Did you see the sharp bounce off all dollar pairs at 15.21pm.
Is this computer driven sell orders for the dollar at some special level?
I keep an eye on the dollar index to see the general strength of the main pairs.
If it breaks below this with conviction then i have a target fib. of 1.7300.
Did you see the sharp bounce off all dollar pairs at 15.21pm.
Is this computer driven sell orders for the dollar at some special level?
I keep an eye on the dollar index to see the general strength of the main pairs.
neil
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Forex and S & R
Breakouts rule ok. I think this type of event is why many now trade Forex,,,,but it does require one to sit and wait for set ups. Waiting and related disciplines are the keys to success imho.
darktone said:sheeesh!
right on cue 1.8 pops
Breakouts rule ok. I think this type of event is why many now trade Forex,,,,but it does require one to sit and wait for set ups. Waiting and related disciplines are the keys to success imho.
good ploy Neil
nowt like sitting tight until your signals sound off........
as per y'day, the Asian range held all the clues, popping off the top with short frame confirmation, pulling back thru the (Asian) lows offering a low risk trend continuation ride down.
didn't catch this one unfortunately, but snatched yesterdays move, so can't complain.
nowt like sitting tight until your signals sound off........
as per y'day, the Asian range held all the clues, popping off the top with short frame confirmation, pulling back thru the (Asian) lows offering a low risk trend continuation ride down.
didn't catch this one unfortunately, but snatched yesterdays move, so can't complain.
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darktone
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neil said:Breakouts rule ok. I think this type of event is why many now trade Forex,,,,but it does require one to sit and wait for set ups. Waiting and related disciplines are the keys to success imho.
Oh yes.. i sit a 100 times more than i trade
..there was nothing here for me so i just let it walk on by. Hey up B
Long time no speak, alls well i trust.
darktone said:Hey up B
Long time no speak, alls well i trust.
yep, ploddin along mate as per usual.
interesting you mention 'low prints'.....been keeping tabs on the longer haul canvas of late - breaching some fairly significant levels (lines/shorter Fibs etc) on this run off recent highs.
One or two of the significant weekly levels beginning to appear on the horizon now too.....makes for cleaner ranges & decent RN trades as long it whips steadily to & fro thru these decades
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neil said:
Nono only cable, just that im not interested in taking shorts down here. My view is longer term than most and ATM its still bullish for cable. Hence im on the look for long action but have yet to see any.
B
yep, as long as the higher lows keep coming its up up up,, for now
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darktone
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hehe for sure. 7680 / 7500 are next major levels if they are no good then id have to consider the 4 year trend over (or at least "in grave peril" :cheesy: ) . Would still play a bounce to see where it goes though. Euro looking more composed, who knows? never was much good at spotting anything worthwhile between pairs... still standing aside atm
don't you have a 'sell' button on that platform of yours DT?? :cheesy:
this thing is heavier than King Kong, and has been for a while now. They're slicing thru these supports like a knife thru butter, and hammering rallies harder than Andy Roddicks serve.
Forget the Fundamentals, they won't come into play until the market psychology tells em to. You could well have a beard several feet long waiting for this moody thing to decide to change tack
Old Man Greenspan & his band of merry cohorts are continuing to spook folks out there, they just don't trust their 'spin' & constant sidestepping.......make hay while this $ sun shines mate, it could well be a long & grinding trek back up?!
this thing is heavier than King Kong, and has been for a while now. They're slicing thru these supports like a knife thru butter, and hammering rallies harder than Andy Roddicks serve.
Forget the Fundamentals, they won't come into play until the market psychology tells em to. You could well have a beard several feet long waiting for this moody thing to decide to change tack
Old Man Greenspan & his band of merry cohorts are continuing to spook folks out there, they just don't trust their 'spin' & constant sidestepping.......make hay while this $ sun shines mate, it could well be a long & grinding trek back up?!
Buk,
I think the fundamentals are in play..this strength in the dollar is fundamentally based..no matter what view is of USA deficits it is still clear that in the battle of overall relative weakness the pecking order goes USA, UK, Old Europe with the lower echelons having the more serious economic problems to deal with..you could say this is summed up by the fact the USA is still able to increase interest rates whilst the other two parties mentioned are more likely to start cutting them and that dictates where the money flow will be going eg from the weak to the strong...you might also say ,start looking for the future signals that USA will stop raising interest rates..sluggish retail spending etc ..and then you can start looking for that big question of USA deficit to be brought out to club the dollar strength back into line ..it's like pong pong with numbers
I think the fundamentals are in play..this strength in the dollar is fundamentally based..no matter what view is of USA deficits it is still clear that in the battle of overall relative weakness the pecking order goes USA, UK, Old Europe with the lower echelons having the more serious economic problems to deal with..you could say this is summed up by the fact the USA is still able to increase interest rates whilst the other two parties mentioned are more likely to start cutting them and that dictates where the money flow will be going eg from the weak to the strong...you might also say ,start looking for the future signals that USA will stop raising interest rates..sluggish retail spending etc ..and then you can start looking for that big question of USA deficit to be brought out to club the dollar strength back into line ..it's like pong pong with numbers
wouldn't disagree with those points Chump....sorry, the point I was (lamely) trying to make was, psychology leads the funnymentals.......if you check out the talking heads & soothsayers out there, they've all been pitching their tunes as to "sell the buck/buy sterling".....and continued to do so since it skidded off 8800.
84 was supposed to be the turning point, again they hollered at 82/150 etc.....you'd give yourself one almighty headache if you attempted to unravel & decipher all the contrary arguments as to why the buck should be strong/weak v/s Euro/Sterling........
just punt the damned thing according to the canvas & mkt (psychology) forces....worry bout selling the buck when the reversal patterns consolidate & bed in.....
I don't think there are too many folks out there (me included if I'm honest) who understand the full implications of when we should begin buying or selling one currency at given levels, which is why quite a few folks are getting zapped averaging into losing positions attempting to pick a bottom at these support camps!
let the so called market experts get their pinkies burned, I'll stick to observing me canvas & hopping on the moving train
84 was supposed to be the turning point, again they hollered at 82/150 etc.....you'd give yourself one almighty headache if you attempted to unravel & decipher all the contrary arguments as to why the buck should be strong/weak v/s Euro/Sterling........
just punt the damned thing according to the canvas & mkt (psychology) forces....worry bout selling the buck when the reversal patterns consolidate & bed in.....
I don't think there are too many folks out there (me included if I'm honest) who understand the full implications of when we should begin buying or selling one currency at given levels, which is why quite a few folks are getting zapped averaging into losing positions attempting to pick a bottom at these support camps!
let the so called market experts get their pinkies burned, I'll stick to observing me canvas & hopping on the moving train
"no problem Mr Buffet....yes of course, straight away sir.....I just don't understand it?? it should have reversed by now sir.....noooooo, I don't think we'll see 1.75 at all, no way, nope - not in a million years....your Cable longs are as safe as houses Warren, absolutely......I'll see to it personally"
"MILDRED!!!!!...get that f***** John Snow on the fone NOW!!!! "
"MILDRED!!!!!...get that f***** John Snow on the fone NOW!!!! "
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