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forexlion replied Aug 13, 2008wow !! thats news to me. when do we start trading nukes ? (joking)
Gold Discussion
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forexlion replied Aug 12, 2008But, if we take the whole climb from 2000 till date then the current drop should end at 735 area. Which means Oil also has some room to fall.
Gold Discussion
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forexlion replied Aug 11, 2008Now this chart is rather too good, look at the consistency. This is weekly with sept 05 low 1.1640 and current top 1.6035 In the current week, EU went all the way back to 5094 level at 5088 approx and dropped back. Opening the way for 4356 or 61.8% ...
EUR/USD Trading Room
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forexlion replied Aug 11, 2008Gold drops further, breaking 2007 year end close and also 2007 peak, sending dollar into a bull run. With 4967 taken out, it becomes resistance now. Phil your comments are awaited.
EUR/USD Trading Room
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forexlion replied Aug 11, 2008A break of above mentioned yearly support at 4967, and sustained trading below it opens the way to 4300 area. The keypoint to watch here will be Gold.
EUR/USD Trading Room
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forexlion replied Aug 11, 2008Fib Series 0 0 1 1 2 3 5 8 13 21 34 55 89 144 233 377 610 ........ Previous Day Close becomes 0
EURUSD
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forexlion replied Aug 11, 2008Starting Monday EU goes up as expected towards the weekly fib line, finds resistance and drops down to find support on the monthly fib line. Now if this monthly fib line holds then we can see a further trend up to test 5134 resistance area.
EUR/USD Trading Room
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forexlion replied Aug 10, 2008Well sometimes the wait n watch policy does pay dividends. While daily is still strong down, 4967 is being tested yet again. Unless 4H confirms, there is nothing here in terms of retrace.
EUR/USD Trading Room
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forexlion replied Aug 10, 2008Given the aggressive sell-off we witnessed last week, i am looking forward to seeing a retrace to 5464 if possible. We are currently around 377 pips above 2007 close, and 4967 was 2007 peak. Should this peak be broken then we can expect lower down ...
EUR/USD Trading Room
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forexlion replied Aug 8, 2008This post explains all url Some of the guys here make some real good posts. Surprise increase in New Home Sales, drove the dollar across the board. Interestingly, sub-prime betting was the reason for the whole mess up in the first quarter of this ...
EUR/USD Trading Room
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forexlion replied Aug 7, 2008Daily and weekly never matter much, its the monthly and yearly which define the actual trend.
EUR/USD Trading Room
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forexlion replied Aug 7, 2008Has EU finally bottomed out for this week or do we see more downtrend? With Gold and Oil falling rapidly giving strength to $, where do we stop to rest?
EUR/USD Trading Room
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forexlion replied Aug 5, 2008As expected EU has reached the decision level, also to be seen is that both Gold and Oil are now in oversold territory. August 17, 2007 was the lowest value for AU in mid year, and thereafter it went for a jump, with pairs entering oversold ...
Daily Weekly Monthly and now Yearly !!!
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forexlion replied Aug 3, 2008Now added multi-year functionality, so you can view pivots over 1 to 12 years as long as your broker has data.
Daily Weekly Monthly and now Yearly !!!
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forexlion replied Aug 3, 2008How much accurate the monthly fibo pivots can be that even nfp news respects the levels. Since overall daily is downtrend, i expect 1.5457 to provide a decision level.
Daily Weekly Monthly and now Yearly !!!
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forexlion replied Jul 31, 2008Guys as I explained earlier the secobd chart i posted uses the standard weekly pivots that i use for day trading. This is strictly not day pivots, i never use them
Daily Weekly Monthly and now Yearly !!!