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- SunTrader replied Aug 28, 2007
Dow didn't have any major reaction to FOMC minutes. At least not yet.
Cable Update (GBPUSD)
- SunTrader replied Aug 27, 2007
Well good luck. I don't believe the trend can be determined for the day based on a 30 minute period. But I am sure there are others who might convince you otherwise.
Why the daily trend of a currency can be determinated at time of "EST 3:00-3:30"?
- SunTrader replied Aug 27, 2007
What does this mean? Do you mean, can it be determined? And do you mean 3:00-3:30 am or pm? 3:00am EST = 8:00am GMT or London opening which is the biggest currency trading center. Although the London open along with Frankfurt opening one hour ...
Why the daily trend of a currency can be determinated at time of "EST 3:00-3:30"?
- SunTrader replied Aug 27, 2007
The usual - more buying then selling. Hey Cesar - now I am an Einstein, right?

Cable Update (GBPUSD)
- SunTrader replied Aug 27, 2007
Lows of the day although without much conviction. Dow not going anywhere presently either.
Cable Update (GBPUSD)
- SunTrader replied Aug 27, 2007
Days like this need a joke or two. Here's one: Three old ladies are sitting in a diner, chatting about various things. One lady says, "You know, I'm getting really forgetful. This morning, I was standing at the top of the stairs, and I couldn't ...
Cable Update (GBPUSD)
- SunTrader replied Aug 27, 2007
There are more important things to pray, but for those of us in the USA we would rather it was a good report if you don't mind.
Cable Update (GBPUSD)
- SunTrader replied Aug 27, 2007
Dow futures although down -30 are trading flat presently.
Cable Update (GBPUSD)
- SunTrader replied Aug 26, 2007
Hey, flip a coin to decide whether to trade it or not. BTW my data (from 2 sources) shows friday's close was 1.20045 and tonight's opening of 1.20035 so no gap that I can see? It is also not the first time I have seen mention of a gap that was not ...
Sunday GAPS
- SunTrader replied Aug 26, 2007
It may be an analysis to you, but it is only numbers to me. Maybe you can clue us in what went into your analysis to detemine target levels only 13 pips apart? PS maybe you can use smaller type font in the future too.
Cable Update (GBPUSD)
- SunTrader replied Aug 26, 2007
Switching the chart to a weekly basis then shows how these s/r levels can be used on lower time frame. Ovals are swing points:
Cable Update (GBPUSD)
- SunTrader replied Aug 26, 2007
This is how I learned to recognize support and resistance. First find a consolidation period and then look for a breakout bar. Charts shows breakdown from resistance (red arrow) and 2 instances (blue arrow) of breakout from support. Most recent ...
Cable Update (GBPUSD)
- SunTrader replied Aug 26, 2007
A higher low by 30 pips is more like double bottom, but in-any-case I trade intra-day so then the trend on weekly charts have less meaning. Now for longer term traders then yes.
Cable Update (GBPUSD)