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- Tmac replied May 26, 2008
Pivot: 1.985 Our preference: Short positions below 1.985 with targets @ 1.9785 & 1.976 in extension. Alternative scenario: Above 1.985 look for further upside with 1.99 & 1.9925 as targets. Comment: the pair has broken below athe internal line of an ...
Cable Update (GBPUSD)
- Tmac replied May 26, 2008
not really dollar still has major problems that will begin to show more and more as inflation shows it ugly head, they cannot hide it much longer with false figures no matter how hard they try. The ONLY thing that can salvage dollar short term is ...
Cable Update (GBPUSD)
- Tmac replied May 26, 2008
Daily outlook Cable continues to stay in tight range below 1.9852 today. With 4 hours MACD dragged below signal line, an intraday top is in place and more consolidation could be seen with risk of pull back to 1.9750 minor support or below. Though, ...
Cable Update (GBPUSD)
- Tmac replied May 25, 2008
EUR/USD's rebound from 1.5284 extended further to as high as 1.5813 last week before turning into sideway consolidation. Though, with an intraday top in place at 1.5813, initial bias is neutral this week. Some more sideway trading could be seen with ...
EURUSD
- Tmac replied May 25, 2008
Cable's rebound from 1.9363 extended further to as high as 1.9852 last week and sustained break of the mentioned falling trend in resistance indicates that fall from 2.0391 has already completed at 1.9363, supported above mentioned 1.9337 low as ...
Cable Update (GBPUSD)
- Tmac replied May 25, 2008
I think the pound needs a correction first from the friday high so I am looking to short it today into tonight but will look for confirmation of this first
Cable Update (GBPUSD)
- Tmac replied May 24, 2008
EUR/JPY's rally from 158.60 extended further to as high as 163.86 last week but lacked follow though upside momentum to go further. Friday's retreat, with 4 hours MACD dragged below signal line, suggests that an intraday top is in place. Initial ...
GBP/USD or EUR/JPY or.... Whatever's moving!!
- Tmac replied May 23, 2008
its ugly but I have drawn a Gann Box around the most recent British Pound/US Dollar currency pair on a daily chart. A good portion of the price action lives in the botton red triangle area of the box. I will call this area the Bermuda Triagle. When ...
Cable Update (GBPUSD)
- Tmac replied May 23, 2008
sunday gap down? if market gaps down I hope your broker opens at market hours because it will close the gap back UP and its a holiday monday in the USA and the UK I have never seen anyone trade a gap that may or may not happen, do you do this often? ...
Cable Update (GBPUSD)
- Tmac replied May 23, 2008
If you are so unsure of the markets direction then WHY would you have an open trade?
EURUSD
- Tmac replied May 22, 2008
entry point? SL? TP? these are all part of making a trade call I dont trade that pair but to those that do give a complete call
GBP/USD or EUR/JPY or.... Whatever's moving!!
- Tmac replied May 22, 2008
EUR/USD intraday: correction expected Pivot: 1.575 Our preference: Short positions below 1.575 with targets @ 1.5635 & 1.5602 in extension. Alternative scenario: Above 1.575 look for further upside with 1.5815 & 1.586 as targets. Comments: intraday ...
EURUSD
- Tmac replied May 22, 2008
actually he is very close to my target price also but that doesnt mean anything either dont be caught in a bear trap looking for your 9450 area
Cable Update (GBPUSD)