Comments on: US-China high level talks.

By: What is dollar backed with? | fxmadness.com

What is dollar backed with? | fxmadness.com — Tue, 28 Jul 2009 17:04:53 +0000

[...] yesterday I mentioned about the talks between US and China, which were to include economic session. My contention was that USD would probably show some [...]

By: admin

admin — Tue, 28 Jul 2009 12:26:48 +0000

DDD, yes Cyprus is veru interesting, but very hot at this time of the year.

By: admin

admin — Tue, 28 Jul 2009 12:25:51 +0000

Alex, we’ll do it again, just don’t know yet. First, must revover from this one…

By: ddd

ddd — Tue, 28 Jul 2009 06:02:47 +0000

That was a long a vacation. I’m just saying it because I’m envious. Cyprus sounds really cool.

By: Alex

Alex — Tue, 28 Jul 2009 05:59:19 +0000

Back at rhe swing of things already?That was fun, mate. We must do it more often.

By: admin

admin — Tue, 28 Jul 2009 03:20:45 +0000

The 1.5488 was selected because it is right above the last minor high. And I used 1H chart, as posted. For this time frame the move down is a little overextended and chances are good for a correction.
GBP-CAD does look very simialr indeed. Spread is high, so trading on small time frames wouls be expensive. It becomes less of an issue the bigger the targetes and higher time frame. For the most part, trades shown here use 1H charts and higher.

By: rob

rob — Mon, 27 Jul 2009 21:56:45 +0000

Nice trading site. The Gbp/Cad is very similar lots of divergences right up to H4 timeframe. Your 1.5488 ..you select that as being just above 4hr 20 ema and look for 20-50 4hr EMA move? I dithered on the the gbp/cad on the way down initially primarily deterred by the large spread on the pair and kicked myself!!.lol