Friday, July 25, 2008

Blurry Thought

Kinda blurry but i still wait for another crossing up by the EMA34.

just another thought

Thursday, July 24, 2008

The Retail Sales shows bad number on forecast and German Ifo Business Climate Index shows a lowering, those forecast can drag cable lower by the greenback but technically cable still have possibility to break 2.0150 and touch the 2.0200 resistance.
Go long would be good only after a crossing down EMA34 showed.

Have a Nice Trade


possible to break the 2.0200 resistance

Wednesday, July 23, 2008

Feds Statement

Feds statement yesterday bring cable down to 1.9900 area and range 177 points. Looks like cable are on sideways for now waiting the MPC meeting minutes held this morning. Downward looks to be able to reach 1.9850-19800 area also as support area, the next downward should be hold on that are. 1.9900 looks to be a good position to go short but i should more do careful today.

Have a Nice Trade


waiting for MPC meeting minutes

Tuesday, July 22, 2008

Testing Resistance

Buying still be my favorite. Some supports i saw at 1.9980 and 2.0 area, down to these level could start the upward to the 2.0100 area, if the price cant break the 2.0150 resistance it could be a fall to 1.9800 area. Ill will prepare my EMA34 for the entry.

Have a Nice Trades


testing some resistance

Monday, July 21, 2008

Re-Test the 2.0200

2.0200 resistance also as the third target has not been reached yet so i think cable are going to try testing the 2.0200 level again this week. If the price didnt break the 2.0150 level in this week it could be a fall to 1.9800 area at least.
Maybe i just wait and see today unless some velocity apprear together with EMA34 cross at 1H TF and buying are still be my interest.

Happy Trending


this week possibility