What are you views on Sterling Pound vs RM for the next 6 months?

a bit view of mine..

last night's TIC report shows China's holding on Treasuries increased 0.6% while Japan increased heavily to 4.3%. Something fishy with China, holding shorter term securities. Net outflow for short term securities is still large, at $97 bil, though Jan posted a outflow of $146.8 bil. Summary is, US might find trouble funding its stimulus.

While on the European side, cutting rates below 1.00% is rather slim. However, their tools don't just stop at adjusting the rate. Expects would be amendments of MRO periods.

On AU, it's currently highly overbought, though price is within ascending triangle.

Dow, it's still stuck for the time being, as seen in the chart. Wave counting is advised.

Happy trading all





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u are right there, it is bear.


This post has been edited by woopypooky: Apr 17 2009, 09:06 AM


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Manage to grap some pips from there.

bear means....its time to open a SELL position!!!

hmm.

i ehard about this support and resistance in a chart..can anyone explain to me?

Hi,

I suggest you go to www.babypips.com/school to read about support and resistance.


AU chart:




cheers...

Thanx for the info you share with us but i tried this accuratesignal for few days. I found that they got some fake info given, check this out:

This is their daily signal box:


This is my result by following their signals:


As you can see that red color highlighted trades hit the stop loss, so suppose to be loss, but you see they put on their signal box there are profit. Is this so called ACCURATE?

This post has been edited by rstusa: Apr 17 2009, 03:45 PM

typing error?
so mean they typed it instead of showing the real table?

any chance it is caused by broker's bid/ask price or spread difference between you and them? if not then definitely they are not being honest and people should be very cautious in following their signals.

You see i highlighted the EUR/JPY & USD/CAD, suppose to be -60, but they show it as +30.

No matter how and no matter what, his system is not a good system. The reason is the bad risk to reward ratio.

But since it is free, no point we critic the fellow, just ignore it.

hurm? weird O_o the SL changed
here is mine, EJ +30pips


demo acc.

? donno what to say. ill try asked him once he sign-in his YM

haha, I wonder how he will react.

I just chat with him on YM, he told me they're using Alpari one, i'm using IBFX, he sent me the printscreen of his trading, it really happened in Alpari, that's mean got different price rates in different broker in the same time. I'll try demo on Alpari then.

haha, better don't follow.

EU nice waterfall:





This post has been edited by bulkbiz: Apr 18 2009, 01:48 AM

correct me if im wrong...tq


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next week sure i will go for SHORT in this pair

oh ok, but why?

For me, the tendency is still towards SHORT i.e following the trend. However, I'm a bit cautious of correction move since E/U is pretty much oversold already. To sum up, SHORT with caution

oh ok, thanks.