Cable has taken flight, putting the wood to shorts and filling a gap on the charts dating back to the end of February. Next resistance is at 1.5250. We been as high as 1.5117 so far.
23 Responses to “So much for 1.5195”
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
ADVISORY WARNING: FOREXLIVE provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
AUTOREFRESH 
I think it is typical stops being taking out on Friday before the head down.
Me to George, Look at the hour candle, put CCI below and draw fibo. Close blow the 95 would be bad in my opinion and will take a small short for the 50% retrace on the hourly.
Taken small short and goign to hunt for Sean’s stops
took a short at 5210. unfortunately i also have a long in audjpy at 83.43 just before that model fund jamie mentioned decided to send the yen pairs crashing. hopefully they recover monday.
Uh DC that AJ looks ugly to me. 81.30 area? With such a huge bar on the 4 hour I’d take my loss soon if the one hour bounces a bit. Better be safe then sorry.
yeah not looking too good but overall trend remains up, aussie i guess should remain strong, the main reason for the drop seems to be that one model fund rather than anything more significant, and i think yen is due more weakness hopefully next week. ill hold it for now i think
I’m down 70 or so on aud/yen, myself. Should get a foothold here and pop later in the day, if stocks do what I think. If not, i’m screwed.
must be in about same place as me. im actually targeting the jan top at 86 over the next couple of weeks so hopefully it recovers from here. not going to do it today but at least a 30 pip pop would make things a lot more comfortable.
I bought the retail news, but the execution was poor. I’m also targeting the .86 level, so I feel halfway comfortable removing my stop (moving it way down). Stocks should pop, shortly.
ive added another at 82.79, looks like it might pop a bit here. stop is at +1 on that one as i dont want two positions going the wrong way
This should be the area in stocks that holds and then heads up. Should get a decent pop, coming out of these techs i’ve been watching. If not, bad news for us. I think we’re all good, though.
http://i.imagehost.org/0331/AUD-JPY-1HR.jpg
The problem is we seem to head for the 80.82 area if the current high won’t be taken out.
And here is the GBP-USD. Broke out upwards clearly. I closed my short now -3.
Taken the short in AUD/JPY in case it wasn’t a fake and will cntinnue to go down.
Anyway, Enjoy GBP longs. Sean congrats.
http://d.imagehost.org/0325/GBP-USD-1HR.jpg
Blimey
Do you trade the ‘Charlotte’s Web’ or ‘Spiderman’ method Adje? Holy Moly! (I’m one to talk.)
audjpy looks more to me like its just made a new high, and is now making a higher low
Is that Robinspeak?
Lol Zeke I have tears in my eyes. It is a pretty chart. Mesmerizing
Probably similar to Robin’s reaction upon first glimpse of the Batmobile’s GUI. I like Woodie’s CCI, haven’t used it in a long while though.
I’m staying long, unless 82.50, gives way.
Did you ever ‘attend’ a Woodie seminar, zeke?
Truly soporific.
im staying long over the weekend. hopefully i can at the very least use the sunday gap to get out of it if i have to.
Haha, not an official one, no. I used to listen to some of the chatroom a while back. “Just trade the patter-ins.”