relaks....everybody

@txi

No worry, we all still welcome you to post your opinion on pair analysis, we all should respect each other:) peace

I longed GU today and made 70pips

16:48 EUR/USD: Cycle Gurus Smiling As Euro Makes A Stab At Resistance New York, February 9th. After a bit of a dodgy week, the cycle gurus are smiling again as EUR/USD makes a stab at breaking north. The cycle gurus have been telling us that "currencies" should be making a cyclical high around mid- Feb, most recently they"ve extended that "into the week of Feb 23rd", however the buck has been stubbornly resilient and that rally has been hard to come by. If today was Friday, the weekly studies would look quite bullish, with a higher high, higher low, higher close, but it isn"t Friday, and there"s a lot of trading sessions to get through before we can become ebullient about the Euro"s prospects. The key area is still 1.3300/20, two major Fibos and the 11-wk moving average highlight this area as key resistance.
In the interim, the break above the 20-day M/A if it holds on a daily closing basis (it"s presently 1.3043) would be another positive sign after Friday"s close above the 5-day M/A, and what looks like today"s close above the 10-day M/A at 1.2962. The 55-day M/A, the equivalent of the 11-wk M/A is at 1.3302, and confirms the importance of this area. Today"s 1.3093 high is the best we"ve seen from the Euro in seven sessions (including today"s) and the break above trend support on the daily at 1.2870 demonstrates strength that was not evident Friday when price action was constrained by it. With the 24-hr M/A at 1.2960 we are in buy dips mode from a momentum perspective, but overbought hourly Bollingers at 1.3060/1.3110 suggest caution is advised, as they held the last rally down last week. Overbought daily Bollingers at 1.3150 (5-day), and 1.3230 (10-day) suggest the topside will remain a slog, with 1.3255 being fresh interim resistance. Today"s break of the near term primary resistance line is a bullish sign, it will take a break and consolidation above 1.3325 to confirm it. Peter.Wadkins@ThomsonReuters.com /rd

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Added on February 10, 2009, 1:16 amThis is for you kelvin:

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16:51 GBP/USD: Lots of Different Elements Unsettling the Greenback Boston, February 9th. We"re seeing a pretty consistent pattern develop of late. In Asian trading cable goes sideways, or maybe drifts a bit lower. Early in the European morning, though, the market starts working its way higher. That"s been a feature of the action during this rally off the January lows, and is repeating today.
Buy stops were again involved in the GBP/USD rally. They were reportedly tripped as the market went through 1.4900, though that didn't create the kind of spike high that sort of thing has produced lately.
The USD isn"t being helped by the delay in events surrounding the stimulus plan (and the criticism of it) and the Treasury program announcement, now expected to be announced Tuesday. Sellers are back in the Treasury market as well, which could be contributing to some of the greenback"s weakness. Certainly, higher market interest rates haven"t been supportive of the currency lately. This is all part and parcel of the so-called risk reversal unwind on top of everything already mentioned.
With recent gains the market now has its eye on the 1.5000 level. It"s been approached today, but not meaningfully challenged as yet. The last time we were here was during the abortive bounce n January 16. john.Forman@ThomsonReuters.com
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This post has been edited by bulkbiz: Feb 10 2009, 01:16 AM

Hello txi, I guess we all know this is not a dow thread, but dow has been our "indicator" in forex trading very long already. We are here in this forum very long already, when we mention about dow, we all know how it will effect usd related pairs. I believe this is what kelvin and others mean when they all mentioning about dow movement.

cheers

This post has been edited by bulkbiz: Feb 10 2009, 03:34 AM

Currency pairs always correlated to the US Dow Jones, Crude Oil, and other key assets. Perhaps you google it? I am noob also so I cannot give much explaination, afraid later kena bash by others:)

GU on list:

If you guys don't do carry trades like me, try fxcm micro, trade one lot and 1 pip = usd 0.10cent. You can trade many lots if you have the capital. 10lots=1minit lot.

Newbie oh newbie......I want to see how long you all will continue trade forex....after you familiar with everything, fund a live acc and trade, I want to see how your million profit.

easy, follow cowabunga system from babypips.com

Mine is modified version of cowabunga system:)

Only trade when the market is trending....2 oclock for uptrend, 4/5 oclock for down trend.(quote from raghee book).

The clock that I mean is not the timestamp...is the candle direction. I only trade during trending market, I will stay out during range market. My SL? as long as it is within 5% of my account, I will risk it.

GU is gonna bull? Daily chart shows OS already.



This post has been edited by bulkbiz: Feb 13 2009, 11:07 AM

Yo victor...I earn 200 over pips LONGING GU today, TP 300pips Longing GJ too!!! GU 1.5 on the way!!!

This post has been edited by bulkbiz: Feb 13 2009, 06:33 PM

Anyone can advice me on divergence?



Is the chart above means LH and HH? Or I draw wrongly? According to babypips this is hidden bearish divergence

This post has been edited by bulkbiz: Feb 13 2009, 10:39 PM

GBP/JPY, another hidden bearish divergence???

yea last week was a good week for me too, manage to grow 6% of my account thanks to GU. About this pair, I will wait for divergence/oversold occur in H4 chart and long kau kau. Hopefully next week can grow at least 5% too!!

God bless LYN traders

This post has been edited by bulkbiz: Feb 14 2009, 10:48 PM

Hi, I don't have.

MT4 in my HTC



This post has been edited by bulkbiz: Feb 15 2009, 03:54 PM

Haha, it is ok if u dono because it is not forex thingy. I post it because this is my first time looking charts from my mobile phone. HTC is my phone. Hope admin don ban me:)