Forum

Posts by "nishel"

3 Posts by member
nishel
(london, United Kingdom)
   
1
nishel
london, UK
Posts: 3
15 years ago
Mar 17, 2010 20:43
In Thread: JPY
I rarely comment on the forum but would have to question your yen call to 91-92 over next week ashraf,
all i see is huge weekly trend line resistance dating back from june 07 high through aug 08 high through jan 10 high
this come in currently around 91 and change, comments would be appreciated
nishel
london, UK
Posts: 3
15 years ago
Jan 23, 2010 10:22
In Thread: GBP Trade Index 18-Year Chart
gents
relatively new to this forum. i mainly use daily and long term trendline with long term fib projections for my trading on four hourly charts, however i notice a reverse H+S on the four hourly cable chart which has developed over the past two months with a neck line of 16350-16400..
it looks to me that if we keep consolidating sideways for the next week and finally break the down trend line from mid november we could see a large break upwards over the next few weeks . that is ofcourse if the fundamnetals allow , but the technicals are lining up
so although i believe shorting this market at 16200-50 level, i am looking to be nimble and wait my time for some four hourly breaks above 16350 if the situation reverses

cable is always difficult to trade, with a lot of action packed in a morning session.
Ashraf and fellow forum supporters, whats your view on this formation?
nishel
london, UK
Posts: 3
15 years ago
Dec 30, 2009 17:36
In Thread: GBP Trade Index 18-Year Chart
yes i agree, but be careful, I have cable potential rally to 16360-80 prior to restesting 15800
Ashraf, do you think it is market manipulation? The eur/USD pair remains negative today
I
Report Reply
   
1