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Clouds replied May 9, 2008I see it on my charts, its in trend line. in Weekly, Jan 08, it broke through support trendline. Support trendline is now resistance. My belief is that we bounced off the new support trendline.
Cable Update (GBPUSD)
- Clouds replied May 9, 2008
Like Quecee said, could just be a retrace from last month, on a Monthly UJ chart, you see them clear.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 9, 2008
Funny, UJ and GJ are moving at the same speed, do to GU bullishness.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 9, 2008
What a great night for trading! Anyone agree?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 9, 2008
Im sitting GJ out tonight, Im short UJ and long GU, its dollar weakness with data coming out later about our terrible trade balance.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 9, 2008
Eventually people do catch it. Just never know when.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 9, 2008
Wow, people woke up, and realized the dollar is trash.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 9, 2008
Maybe, this time, its up to GU where this goes. It could either range from 1.95-1.9520, or break out. UJ is going down that's for sure though.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 9, 2008
Yeah, but look at front page of FF, and compare our trade balance to Canada, that's gonna come out today.
Cable Update (GBPUSD)
- Clouds replied May 9, 2008
Its in trend lines. If it breaks 1.95, then I'm short.
Cable Update (GBPUSD)
- Clouds replied May 9, 2008
Maybe you have.. You are more experienced than me, I just thought it was something to consider.
EURUSD
- Clouds replied May 9, 2008
Works well for me. Just look at CHF , JPY, EUR, they all bounce off Weekly SMA. When they stop, I'll re-evaluate, I'm sure there are other ways to look at stuff, but it's just one way,
EURUSD
- Clouds replied May 8, 2008
Weekly trend is down, should fall very hard.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 8, 2008
Im buying at 1..52, thats where it means weekly SMA. whats others thoughts?
EURUSD