Eur/Usd, possible reversal at previous Head/Shoulders pattern - 1.2082/20100? This is also at around the 6/8 MM level.
I might be wrong but it seems we may have a cup and handle forming on GBPUSD. ie consolidation ready for a move upwards. No signal on catfx yet.
Market is rather crazy like now. Take care.
USDCHF must lose and hold below 1.3059 if we want EURUSD up and maybe GBPUSD too.
Ok, now we have USDCHF (10:43cet) below 1.3059. It should keep below here in order to see EURUSD up.
EURUSD is stronger than GBPUSD now. Look at EURGBP.
Signals so far:
GBPUSD, level 2 buy (11:00cet) at 1.7381. Made a high so far at 1.7396.
It has EMA120 at 1.7402.
If USDCHF losses 1.3028 now, we'll have a nice profit or we should.
Cable is still weaker than eurusd so far. Take care. Break of 1.3028 on swissy is mandatory now.
EURUSD must break 1.2084 - 1.2097 and 1.2120.
Looking at eur/gbp at the moment we have a consolidation and double top at .6945 a possible reversal in the making at 4/8p R1. Would be nice with catfx confirmation.
nice level 2 in cable +34 for a high so far
Those who had the chance to got
- long in cable because of catfx level 2 long signal 11:00cet or
- short in Swissy because of level 2 short 11:30cet
should have put their stopps at minimum to b/e.
Be aware of the news at 15:30cet:
- gdp 4. quarter 2005 estimated +1,7%
- unemployment claims estimated 305k
just made a quick 24 on cable breaking high of 7420 and took it to r 1 7448
level 2 signal for chf/usd question
this is Ted
Myself and my friends have been using your system together from this week and found out how great your system giving us a good signal.
This morning (from Euro time to US time), we caught good pips with eur,gpb,chf.
One of my friends told me that right after he used your system he had 5 consecutive win.
Since the English is 2nd language for us, I am the representative for my group to write down questions and thank you message to you.
About eur/gbp, I understood your explanation.
we saw USD/CHF made a couple of just touching to 50EMA but not quite enough crossing,
and after that price was going down.
I attached picture, in the picture there were 2 touching to 50EMA,
could you tell me that they wrer good "level 2" signal?
Thank you in advance.
(by the way, I was thinking till today that Nina is your name and you are lady. My friends found out that
its your cat's name and you are gentleman.!! LOL )
You like that, don't you?
Look, my friend, divide the rate at any given time of EURUSD by the rate of GBPUSD and you'll have the rate of EURGBP. Try it.
What does it mean? Arbitrage.
When EURGBP moves, one of them does the opposite of the other. That's it.