To me, the Cable buying during last session did not change the trend. Instead, I thought there might another opportunity for SHORTs? This is a text book pattern. Nothing fancy, let’s see how it works out. If the the breakout of the pattern realized, I am revising the downside target to around 1.6-ish, still in […]
What is your target of $GBPUSD
So how much downside of Cable are we looking at? Well, I am looking at 1.6130-1.6140. Make sense? What do you think? Here is the…. CHART! Some technical statistics here About this tool
NFA new margin requirements
This is not a breaking news, just a reminder to my readers since THE change is coming in around a month time. Official date given by NFA is 30th November 2009. CFTC approved NFA amendments to Section 12 of NFA rule book, which requires FDMs to collect a margin deposit of 1% of the notional […]
Chart of the moment $AUDJPY 23-Oct-2009
Below are daily chart and hourly chart of AUDJPY. This pair was not in my radar, and thanks to the tweet from BladeTrading. In hourly chart, we have a rising wedge forming, and a 61.8 retracement in daily. So, what do you think? Some technical statistics About this tool
Chart of the moment $EURJPY 23-Oct-2009
This is daily chart of EURJPY. Well, you can say we are heading to a mountain of resistance, or maybe we again, prepare for a breakout? Interesting to follow this development. What do you think? Here is the…. CHART! Some technical statistics :
Update Chart of the moment $GBPJPY 21-Oct-2009
Over the past 2 trading days, there are some interesting developments in GBPJPY. It seems to be holding well at resistance level, and who knows, it might be ready to break away from it. This is what I see now. What do you think? (click the image to view chart)
