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Galation replied Mar 3, 2009Why even bother to trade a pair when you're uncertain of it's direction. Find a pair which you're more certain on if you're not a good 80% sure of the direction on any given E/U trade. It's much better to stay out than speculate. If you place a ...
EURUSD
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Galation replied Mar 3, 2009Interesting how the trend line is holding up. That price level reversal was also close to a resistance level (R1).
Galations - EUR/CHF
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Galation replied Mar 2, 2009Even though it pierces the channel line (it isn't a PERFECT channel by any means), but it still is a pretty decent channel on the 4h.
Galations - EUR/CHF
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Galation replied Mar 2, 2009Also on that chart one can see a huge descending triangle. Price action is getting tighter, suggesting a breakout. Lower highs. This suggests a break out to the bottom. Therefore a potential test of those mentioned support lines.
Galations - EUR/CHF
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Galation replied Mar 2, 2009I'm on a short at the moment actually from 1.4805. There is a nice channel downwards. I am short bias (obviously). There is argument that the correction down to 1.43 has been completed, and the 5th eliot wave is now done (therefore a bullish ...
Galations - EUR/CHF
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Galation replied Feb 25, 2009Price still tracking short term trend line on the one hour, creating and ascending triangle: Breakout to the north at R1 our of ascending triangle is my bias
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Galation replied Feb 24, 2009I could see this moving down to the short term trend line/ Resistance of 1.39.49, and then bounce off that, in a continuation. Malcombs bull flag is also a potential.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Galation replied Feb 24, 2009Institutions: what a bunch of benders. Seriously. Are you in any positions at the mo, or gazing in from the side lines?
EURUSD
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Galation replied Feb 24, 2009Ello mate. What are you predictions on this pair from your analysis? I hope you're well.
EURUSD
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Galation replied Feb 24, 2009Symetrical triangle (pennant), providing clear support and resistance. Good for range trading - Wait for breakout.
Galations - EUR/CHF
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Galation replied Feb 24, 2009Not much happening in the Fundermentals this week for either pair. Next week (Thursday) there are a couple of biggies for the Euro. 12:45pm EUR Minimum Bid Rate image 1.50% 2.00% 1:30pm EUR ECB Press Conference image
Galations - EUR/CHF
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Galation replied Feb 24, 2009I am short biased. I believe there is a high probability price will test 1.4774 again, and potentially down to 1.4758 if it breaks that: if that is broken, potentially down to 1.4700. Looking to short around 1.4825.
Galations - EUR/CHF
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Galation replied Feb 23, 2009Exactly, money management all the way: as well as sound trading! !
EURUSD