FX Trading: week 8th - 14th July

[Crap Buddist]

I'm not really that good at technicals but is that a bull flag forming on the cable 5 mins. I assume these are normally continuation patterns?

mmm, looks like a consolidation pattern holding 320/360 odd i see these little patterns, and sort of know what you mean, but i tend to think, where has it stopped falling and going up, and is there still strength showing..

i'll try a long if it comes along, 330-300 ish... not far off now ...

 

[Crap Buddist]

gone long, 330, might be a tad early but got a signal so taken it.. basically says go long this 5 minute bar (allowing 25 odd points lower stop wise, cos it might be a sell off which dont stop), 3 mins waiting left for it to complete, but... in I am.

anyway long 330.

 

[Crap Buddist]

closed long 352.3, +22 , tidy little trade ,thought it might of run a bit further, holding this time of week, always concerns me too....

not sure cables ready to flop over yet, interesting to see how next week pans out. Im guessing new highs coming in ...

 

[jacinto]

Im guessing new highs coming in ...

wellll........guess you are on the right track

edit: modified chart a bit. for the best

 

[2be]

closed long 352.3, +22 , tidy little trade ,thought it might of run a bit further, holding this time of week, always concerns me too....

not sure cables ready to flop over yet, interesting to see how next week pans out. Im guessing new highs coming in ...

If Delta did not exist a new high would indeed be probably in mid July. (Just joking)