Some fresh thoughts on GBPUSD …
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Asher’s Posts
- Ichimoku Weekly: GBPUSD 9th July 2010 July 9, 2010Few important zones to watch out for GBPUSD … […]
Anprendiz’s Posts
- Lifetime trading opportunity July 13, 2010A multidecade low is approaching to the USDCHF for us to take advantage of. Don’t worry, we have plenty of time to prepare for it. As everybody knows, I’m mostly a long term trader, and while last months of 2009 I was very confident the days of dollar weakness were over, the moves of this […]
CMellon’s Delta Counts
- Feb 19: GBP USD - Travelling to ITD 3 low / MTD 10 low February 19, 2010We did hit ITD 2 high in 10 trading days as per my last post and then reversed sharply as the Fed increased the discount rate by 25 basis point.Currently we are travelling to ITD 3 low which is due on average Feb 24. This would likely be MTD 10 low as well. […]
Melbgirl’s Trading Adventures
- Divergence Makes All The Difference June 1, 2010Well, I’m back from the DEAD….. I almost killed off my accounts in March and April after doubling my capital in January and February. Obviously there were NUMEROUS lessons to learn from all the bad trades I placed in this period even though many well respected traders were also throwing up their arms with desperation: “WHAT’S […]
look at the $index 1 hr chart
it looks to be setting up for a drop
It is now being reported that the BLS goofed on their job loss numbers due to a flaw in their job creation model, and that when fixed will show losses closer to -200K for November.
Drop for what ? Dollar or GBP ?
the dollar
Peterson Institute is the cognoscenti. When they say the
developed world needs another $6TR in stimulus, it signals
they actually think the world economy is phucked in perpetuity as there will be no political will to do this without another roasting.
Buckle up.
This is a good read
http://www.piie.com/publications/papers/gagnon1209.pdf
http://twitpic.com/sndk8
horvat
hmmmm that makes sense Cody
Elliot Wave International anticipating big rally in US$ and GBP to be biggest casualty. There is a fractal repeat on the FTSE100 than I am following (1st one Dec 2007 to May 2008)(2nd one Sept 2008 to date) and the retracement leg BC on first fractal was 1.333 x the AB move followed by a steep one day fall. I have overlaid this on the 85 day AB move on the FTSE since March this year and calculate Dec 17th as the fall fate – bit accurate of course but lines up with US$ to rise from the ashes! We shall see but impressed with Ichimoku’s – need to see if can get on Ensign.
Classic symmetrical triangle on H1 right now.