GU should find its support soon (based on fibo)...

my graph shows 1.9724 (daily GU) @ 38.2 fibo

i tend not to trust the stochs alot.. they might linger for a while before going south

very nice explaination mph

are u trading real acc ah bro?

what do u guys think of the next few days regarding GU? would love to hear some opinion... see whether mine is align with u guys... im quite new in forex... keke

4 hours & daily GU shows the pair is still free falling..see whether Gu will find support at 1.9635 or not.... still too early to predict..same like Eu see whether it will find support at 1.56 area... this is what i see

what do u mean by bear trap? thanks

izit something like price are moving upwards but in reality its to trap those who think its going up when real movement is down?

This post has been edited by bafukie: Jul 7 2008, 10:24 PM

Nice... EU moves juz as i expected. The way i look at it, 50 fibo on the daily is a nice support.. Currently on the green dollars

GU wise... its quite uncertain for me..

mph i think he is referring to the fibo/ s&r. If u look closely, first diagram shows 1 red and 2 blue candle stick to reach back the s&rline

2nd pic shows the candle shoot past fibo/s&r line... but 'return' back to the line at 3 candle stick

3 and 4 pic also the same...

so all in all... it shows 3 candle stick to turn around (they call it pivot i think)

This post has been edited by bafukie: Jul 8 2008, 06:47 PM

mph some times.. price will move up alot without any reason... letting ppl to believe there is a movement. Those are some of the tricks big time players do to eat up the smaller players... triggering ur entry point and then go the other direction of the players trade.

hahaha same same... i think i wanna get maxis broadband dy..

My thoughts:

GU: inside bar form for the second day in a row.. watch out for next day whether price breaks the inside bar. Either way it will be powerful. Looking at longer time frame H4 & Daily, price will retrace to my 38.2 fibo before moving south again.

we should direct new players to babypips.com.

damn... im not even sure how long it EU and GU will go south..

after that huge drop for both GU and EU, its time to consolidate abit. There is no trade for me currently