5 interval EMA and 10 interval EMA, widening longer -- producing an obtuse bearish angle. RSI 35.54; MACD disadvantage; Heikin I will be bearish without upper darkness.
Go brief!
5 interval EMA and 10 interval EMA, widening longer -- producing an obtuse bearish angle. RSI 35.54; MACD disadvantage; Heikin I will be bearish without upper darkness.
Go brief!
Another reason to be bearish at GBP.
Union Strike in British airports
http://afp.google.com/article/ALeqM5...7tgpmNJgqXs7aA
Congratulations my Friend!! I am happy that the transaction worked for you. My trading style is significantly different than yours as I can't continuously track my trades like you can. So I just booked a reduction. I will continue to try to find some decent setups on 4hr/1day charts and have a position.
hey 20 pips
I will ride with you next time.
I was just about to start my own gbpjpy thread when I found this.
Here is a trade I was just in.
I left shortly following the screen shot as price closed above the red line at the bottom.
Gbpjpy 15m
entry at the start of the bar marked with arrow. Closed out at 110 pips
Hey, that was a trade. I believed Yen would benefit in the long term due to Pakistan unrest.
Let us trade next time.
Yea guy
I don't really pay attention to fundamentals...I peek at the calendar once a day.
Nevertheless, I think the yen will appreciate against the majors for 2 reasons:
1. Risk aversion - sub prime emergency is still in the process of being cared for.
2. Carry trade will not resume until #1 is finished...I would state mid-2008
I still remember the time when you can just dump 10 full lots on gbpjpy, and watch it go up day after day after day...