|
||||||
|
8-27-08 4:26a GMT – USD/CAD has plenty of room to fall on the 4-hour and daily charts, which is backed by a strong downtrend on the weekly and monthly charts. Oil prices have hit monthly lows and a rise in oil prices (which is a leading indicator for the CAD) would indicate a fall [...] 7-28-08 14:51 GMT – The GU pair stayed within the triangular breakout pattern overnight (from my last signal), rising to the of channel resistance (yellow lines below) where it is now. I still expect that signal to hold to hold true as the pattern in the same. In the short term I expect the [...] 7-28-08 1:14a GMT – GBP/USD has been moving slowly downward over the past several weeks (yellow channel lines below), in a larger upward channel over the past few months (blue channel lines below). The downward channel has hit the bottom of the upward channel and has formed a nice triangle pattern (purple lines on [...] 5-22-08 6:54a GMT – Pair has tested 1.58 several times today and yesterday and was unable to break through. After retreating down and gaining some ground from the overbought hourlies the EUR poised for another breakout. Buy – 1.5808 S – 1.5883 L1 – 1.5833 L2 – 1.5865 UPDATE – 7:15a – Pair [...] [ad#2-ads-horizontal] 5-21-08 23:46p GMT – Placing two entry orders above current consolidation just below large round # at 1.5800. Current price action is around 1.5786. Treating the four candlestick, 50 pip rise from 1.5750 as a flagpole and placing entry 5 pips above flagpole and large round # at 1.5805. Stop and first exit [...] |
 |
||||
|
Risk Warning |
||||||
Recent Comments