Mdrive and who exactly is a bull on euro? It's setting lower highs / lower lows consequently for two weeks now. Also it's trading below monthly pivot and closing on 3700 area, which is quarterly pivot for the 2nd quarter.

Cable Update (GBPUSD)

mdrive that's a very strong crystal ball you got going there.

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image EU looks like it's gonna be back to 4080-4100 in no time, and then PA around those levels will be indicative of future development.

The WoRmHoLe

WP on USDX I got 75.40 both on Alpari and Admiral Markets guys.

The WoRmHoLe

hey man!! ) great to see you back! Yeah, agree with you, though compared to last friday nothing to loose really, sl @ be and been there for a while now. Still, favor some more upside, since there is still room on metals and some more downside on ...

The WoRmHoLe

i hate how my gu long is lagging behind that euro, which is full on tanking.

The WoRmHoLe

very clean thinking, I actually second your thoughts, however @ 59 depending on PA we could either slide lower or retest recent highs, just kinda depends on how PA will handle that area.

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usdx now almost @ weekly pivot, lets see.

The WoRmHoLe

on GU I'm holding longs since earlier today for 6280 6320, I reckon a retrace is in place.

The WoRmHoLe

for sure man, however GU does look more than decent for at least 6320, also since it's pretty much rock solid that GU will reach 59 levels soon, can't do that without a decent retrace.

The WoRmHoLe

Not rock solid. GU has seasonality factor kicking in, in Apr-May it kinda tends to top out and then decline for a while, so @ 59 test of the quarter pivot, and depending on PA there we wil see.

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http://www.foxnews.com/world/2011/05/16/london-police-receive-bomb-threat-irish-republican-group/?test=latestnews Tuesday is the day for the visit hopefully a non-event for sure, but still need to be on the watch.

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that's a very healthy idea actually!

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hey sailor, also ain't it cool, sometime majors are kinda lagging behind and not doing much and you go with something unorthodox, like kiwi or loonie and manage to hit it spot on?

The WoRmHoLe

I think most everyone does share this view. 5900-5940 will be on next. However the deal is that maybe before the downside expands, we will do some retrace up to 6320 for instance.

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sailor for sure, I took part profit on cad @ 0.9760, which is quarterly pivot, as I posted earlier over the weekend. For now seems that we are running out of gas and won't try for 9900, however I'd wait for reentry past the QP for 9900-9960, since ...

The WoRmHoLe

yeah thanks, it's mine, it's 2008 cayenne turbo s with rinspeed xtreme kit on. although the alloys are 20s on the avatar, for summer I got 22's from kahn design, kinda a tough call with the quality of the local roads but I still like them for the ...

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Mike that's fair enough, good luck for the new session tmrw though!

How I will turn $100,000 into $1,000,000 in a month

image I think right now it's hard to tell which way we will break out, two times PA was rejected @ upwards sloping ML, is the third retest coming up? Or 33 won't hold as support and we will see breakout to the 30-32 area.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I like that kind of attitude. good luck!

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