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Clouds replied May 14, 2010136 is the low of the 11th, and 20 SMA on hourly , for it to break out it would have had to clear that first.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 14, 2010it just dropped 100 pips in 4 minutes, of course it's gonna retrace a bit, probably just these 50 pips. i added.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 14, 2010I'm thinking 130 is a good TP to finish the week, or 125 if we have another big drop. )
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 14, 2010Most daily candles have wicks. So usually there's some retracement.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 14, 2010you talk like it already has happened. trends can be the same day after day after day after day....
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 13, 2010My view on unemployment rate is that there just isn't enough jobs. It's because the world is changing with the internet. You can run a store as big as barnes and noble , like amazon , with 35 people instead of 30,000. One insurance company can pay ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 13, 2010Watched some of it, kind of interesting, but had the 'twilight zone' feel. I don't agree about the inflation part. I think we're headed towards deflation. When housing prices fall, banks will fail, stocks will fall, commodities will fall - Everyone ...
EURUSD
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Clouds replied May 13, 2010Well, is it riskier to go long or short? There's 2 options for trading, and 1 option to do nothing. That is the question.
EURUSD
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Clouds replied May 13, 2010Going up (picking a bottom) is more unlikely than a continuation of trend, but its just my opinion.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 13, 2010I have a position in EJ TP 110 and GJ TP 130. I rarely trade UJ, but I am always looking at it, to gauge other pairs. Check out UJ on 4HR (20/40) SMA, that's resistance right now, and seems it's just begun it's descent. EDIT. UJ has also broken it's ...
Nearly Naked (Simple Trades)
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Clouds replied May 13, 2010yen crosses looking very weak. only matter of time before usd buying, accelerating the yen crosses. it's all relative, but it's how i look at it.
EURUSD
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Clouds replied May 13, 2010Location of price may be more important than time of day. Get ready for a nice Tokyo session.
EURUSD
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Clouds replied May 13, 2010UJ broke 92.6 by 5 pips after testing it 3 times
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Clouds replied May 13, 2010UJ broke 92.6 by 3 pips after testing it 3 times
Nearly Naked (Simple Trades)