I just knew this market was always going down and am I not glad that I'm so bearish?? hehe. In a nice GBP short, sadly canceled my CAD order earlier today, but I feel some excellent trades coming up. Here I have a 4hour USD/JPY chart:
As you can see allot of support and resistance is keeping it in a tightish rangebound, but where is it going to break? The nice thing is that the range is now at that point where it's formed a triangle. In my opinion it won't break to the upside. I've got some strong feelings toward the $ growing strength to strength plus to the top of this chart is toooooo much/strong resistance with the 200SMA in the mix.We will just have to see. This will do wonders for my confidence though, so come on market, make me sound smart!!!! (baaaaaaaaaahahahaha, maby lucky is better word)Happy trading and strongs to all.
On Tuesday May 18th, 2010 at 09:49PM by Pipmonium - Like - 0 People
On Tuesday May 18th, 2010 at 09:53PM by Pipmonium - Like - 0 People
See the pin off downtrend line just before last bearish candle. missed out on that nice 53pips.On Wednesday May 19th, 2010 at 06:34AM by buruguduy - Like - 0 People
On Wednesday May 19th, 2010 at 08:42AM by Pipmonium - Like - 0 People
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