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- PunjabiSher replied Feb 7, 2011
so this means i can safely take an investment position there.
EURUSD
- PunjabiSher replied Feb 6, 2011
woah can someone give me an expert opinion on monthly cable chart ?
EURUSD
- PunjabiSher replied Feb 6, 2011
GBPUSD seems to have a bullish outlook ahead of Thursday on rate hike rumors. 150 odd pips to be collected there, maybe more if previous week high breaks.
EURUSD
- PunjabiSher replied Feb 6, 2011
drawing a trend within a trend, some important levels need to break for a sustained rally upwards if at all. image
EURUSD
- PunjabiSher replied Feb 6, 2011
for Monday I plan to just sit on the watch tower, since we got a 28 hour power outage in this area and my UPS will sustain for just 18 hours, can't risk a new open trade during this time.
EURUSD
- PunjabiSher replied Feb 6, 2011
explained on chart price crossed 25 SMA on 1 hour a bullish move. Momentum is closer to upper range a weak bullish sign, which may turn bearish anytime. MACD is still below 0 line a definite bearish sign overall this means the current uptrend may ...
EURUSD
- PunjabiSher replied Feb 6, 2011
The current eurusd move is just a case of a trend within a trend, not something to be very happy about, i see a sluggish monday, slow n crawling.
EURUSD
- PunjabiSher replied Feb 6, 2011
as long as pa remains above leftleg bulls are safe if pa drops below rightleg bears take over. between them u play squash with his balls just a joke to kill time, nothing serious.
EURUSD
- PunjabiSher replied Feb 6, 2011
A break above 3621 and 3678 is needed to sustain the upward momentum
EURUSD
- PunjabiSher replied Feb 6, 2011
even hedging has rules, can't hedge with a 300+ pip gap, instead will wait for a good entry. My way of handling this situation is to forget the open trades and take new trades instead, with proper trend reading and continue to build deposit.
EURUSD
- PunjabiSher replied Feb 6, 2011
I agree sir it was a bad trade, but I prefer to hold it instead of reducing balance, coz the market always returns back. No harm waiting till 2020
I respect your experience though, you are a genuinely good trader.EURUSD
- PunjabiSher replied Feb 6, 2011
well that is exactly why i am holding the longs, still some juice left, before the march downtrend
EURUSD
- PunjabiSher replied Feb 6, 2011
Monday is again chinese holiday n nothing concrete to hold euro, so it may slide further, if it does I will ride the sell hedge down. image
EURUSD
- PunjabiSher replied Feb 6, 2011
The big joke was I got 2 chances to exit in profits, I did not take them. Worst case is I knew on Monday that during chinese new year, euro will fall.
EURUSD
- PunjabiSher replied Feb 6, 2011
I got a 270K pip margin on the longs, so no worries there, just a wrong entry. London session on Monday will shed some light.
EURUSD