Eurusd/gbpusd - page 208
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take a look at this - missed it at the time as no zup on 5min tf - zup pattern at same time as decent pos divergence on trix and macd histo....setups like this are good for a nice few pips. I would have liked it to be near a pivot tho (support) as that would have given even more confidence.
Oh okay. So you're referring to a short.
Oh okay. So you're referring to a short.
the chart I posted was for long GU (at the time of the zup signal)...
haven't really got an opinion at all on EU except that I think 4373 is a big bull/bear battle ground in the near term.
Gaz
It just looks like it's going to tank to me.
I'm allowing what I think to dictate whether I pull the trigger...I need to get back on point as I'm missing out on pips...clear my head and pull the trigger!
I'm allowing what I think to dictate whether I pull the trigger...I need to get back on point as I'm missing out on pips...clear my head and pull the trigger!
your mantra today - no signal, no trade!!!!
Broker Comment
Main Points
EURUSD: Moves above the 1.4305-1.4340 pivot. This region is acting as good support, as long as it continues to do so 1.4650 is possible as wave-5.
EUR Index: Following on from last week, the broader EUR picture continues to look poor. The EUR Index posted a bearish weekly reversal last week.
GBPUSD: 1.70-1.73 has historically been a major pivot. The weekly close will be particularly important, anything "around 1.68" will cause a hammer to be posted. Seen at numerous prior peaks.
GBPUSD at 1.70/S&P at 1,000: This also coincided in '03. The S&P went sideways for three months. GBPUSD corrected 13 big figures lower.
S&P at 1,000 in '03: The last time the S&P recovered to 1,000 following a big down move was June '03. The S&P went sideways, U.S. yields and the USD moved sharply higher, oil consolidated.
the chart I posted was for long GU (at the time of the zup signal)...
haven't really got an opinion at all on EU except that I think 4373 is a big bull/bear battle ground in the near term.
GazSorry. I'll clarify, I expect the GU and EU to go down although I favour the EU to go down more.
I think the battle at 4373 is being won by the shorters at the moment. But that could change quite easily. Price action seems nicely capped by a TL from the high on the 5th. Quick and dirty analysis due to laggy computer.
your mantra today - no signal, no trade!!!!
Absolutely but I need to pull the trigger if there is a signal. I'm mean my risk is very small so what the hell.
Looks as though the market has gone to sleep pre NFP.
Looks as though the market has gone to sleep pre NFP.
yep agreed
Gaz
yep agreed Gaz
AVI, you down the beach again?
Gaz