yeah, it was kond of confusing the way i wrote it... i meant it was support then as it broke down through, that support then become resistance. i agree with you about the large gap or range in between, it would be much more certain/stronger with the line being tested a couple times in between, but it seems to work for me. totally agree with 1.66, if it break that resistance line, then its going up for a while
yeah, it was kond of confusing the way i wrote it... i meant it was support then as it broke down through, that support then become resistance. i agree with you about the large gap or range in between, it would be much more certain/stronger with the line being tested a couple times in between, but it seems to work for me. totally agree with 1.66, if it break that resistance line, then its going up for a while
I went in and out of the LB.US earlier tonite, looking for a long entry again here.
I have been considering what to expect this summer..if the US markets fall and retest lows, the US pairs are where we want to be, if no strong market correction, the US pairs will be weak..it will be one or the other, not flat for sure.
Since some pairs got slammed and bounced today, many seem in the middle technically speaking.
If you think you know where the market is going tomorrow, you base a trade off that..and I think the futures are UP..which means against the US pairs.
I went in and out of the LB.US earlier tonite, looking for a long entry again here.
I have been considering what to expect this summer..if the US markets fall and retest lows, the US pairs are where we want to be, if no strong market correction, the US pairs will be weak..it will be one or the other, not flat for sure.
Since some pairs got slammed and bounced today, many seem in the middle technically speaking.
If you think you know where the market is going tomorrow, you base a trade off that..and I think the futures are UP..which means against the US pairs.
Yeah I think they are going to keep status quo..whatever the reaction is I have zero idea. I would expect them to be BULLISH on the economy to try and push the markets..if it works or not, who knows.
Yeah I think they are going to keep status quo..whatever the reaction is I have zero idea. I would expect them to be BULLISH on the economy to try and push the markets..if it works or not, who knows.
when i up my lots to 2 i think i will use that stratey of selling half the position and moving the SL to zero on the other half to let it ride... do you guys have any thoughts on that... or do you prefer to keep your full position until you hit your target?
when i up my lots to 2 i think i will use that stratey of selling half the position and moving the SL to zero on the other half to let it ride... do you guys have any thoughts on that... or do you prefer to keep your full position until you hit your target?
i know the feeling...no worries, get them next time there will be plenty of opp's.
hit my limit of 100 overnight with AUD/JPY
didnt get a chance to look at any charts before i left for work...pulling some up online right now as i type. BTW, do any of you guys know a good souce of charts online? right now i've been using www.fxstreet.com online charts
i know the feeling...no worries, get them next time there will be plenty of opp's.
hit my limit of 100 overnight with AUD/JPY
didnt get a chance to look at any charts before i left for work...pulling some up online right now as i type. BTW, do any of you guys know a good souce of charts online? right now i've been using www.fxstreet.com online charts
Its a terrible day to be out, but I have no way OUT of not being out.
My gut feel is that the market goes DOWN in worry that the FED might speak inflation and rate increases, even though they stand pat today.
My "insider" feel is that the USD should strengthen, the market drop and the play is pro-US pairs..or short contra pairs.
pop, I dont use outside sources for charts..but would be interested if there was a good source.
I am also inclined to think the LB.CHF pair could be good for a retest of the first gap at 1.77, that was a huge move up..almost 300 pips in less than an hour.
Its a terrible day to be out, but I have no way OUT of not being out.
My gut feel is that the market goes DOWN in worry that the FED might speak inflation and rate increases, even though they stand pat today.
My "insider" feel is that the USD should strengthen, the market drop and the play is pro-US pairs..or short contra pairs.
pop, I dont use outside sources for charts..but would be interested if there was a good source.
I am also inclined to think the LB.CHF pair could be good for a retest of the first gap at 1.77, that was a huge move up..almost 300 pips in less than an hour.
Just heard that the Swiss are intentionally slowing their currency, might be a risky trade going long the CHF or short a contra pair..interesting stuff on bloomberg about it today.
Just heard that the Swiss are intentionally slowing their currency, might be a risky trade going long the CHF or short a contra pair..interesting stuff on bloomberg about it today.
haha looks like you guys are making soem nice pips on these recent moves.... too risky for me to scalp like that when i dont have my platform. im staying out of anything until after FOMC
haha looks like you guys are making soem nice pips on these recent moves.... too risky for me to scalp like that when i dont have my platform. im staying out of anything until after FOMC
It is interesting thus far..barring some crazy news from the FED, I would be shocked if they sold it off..I expected more decline, this has been steady all day in regards to the markets.
Higher markets= lower USD though..
It is interesting thus far..barring some crazy news from the FED, I would be shocked if they sold it off..I expected more decline, this has been steady all day in regards to the markets.
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