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understood friday GU chart -- that could have a direct impact on GJ next week -- last week of MAY 2010
after we GRASP the "determination bar -- candle" in GU of my fav TF
we can totally predict the movement and direction (not extent) of the GBPUSD for next 4 hours -- pretty technical
therefore, the conclusion is -- next week, movement will be DEC alike and very technical driven [ as volatility like early half of may is yelling driven -- just a school of thought ]
BOSTON SEA - TEA PARTY --- -- big charm knocking on the door --- for GBPxxx pair in these coming few months -- ING story -- roseanne and arnold merger !
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bullish / bearish == new theory proposed
bull market trend are based on sight of the bulls
bear market trend are based on hibernation of the mammals
japanese central bank is making some move this week on USDJPY
so if you are trading xxJPY -- either , trade carefully with minimal lots
recently, I've found stop and reverse indicator are quite cool in QUICK-CHANGE wed market
or
trade with one that does not affect by EURO or YEN
this way, you can trade cross pair without those out of phase entry / hold / exit wrong reaction
change yourself to suit the market or totally OUT
indicator that won't tell lies
starting to put up a parade of indicator / template (no upload sorry)
to show the indicator that won't be LYING -- i.e. the intended direction is correct if we put a SL of -80 pip
or the direction will go what it said to be in 5 hours time
I will put up about 1 per week, so we don't have to believe in cycle one or R/S
hey guys, take a look
the market (currency, maybe stock) got almost sluggish movement today
1 site down, the whole thing stop moving , even during busy trading hours
do we still worry about italy now ,, ooh these indicators could be old -= in this thread , that I posted ages ago
some modern out are better
euro is at 1-4000 the last 2 digits, seldom move
without internet to give trader hint, people don't know what to trade
euro today , still move slowly, only down 25 pip from 1-4000
and $euraud seems to have no movement (significant volatility) today -- just 1 site that people use?!
local people like aussie dollar -- i.e. aud/usd
it said from 1-04 , probably fall back to below par i.e. below 1 in the future
usually, the tv prediction about forex long term is quite reliable
~~~
for shorter term
I guess eur/aud may FELL for a while, but is it sustainable or U-turn back to UPWARD MOTION -- that is hard to predict this leg --- how far will it go (since it fell for a long long time, until recent rebound up)