Forex

Hi guys..
This is my first visit in this forum. Hopefully i can joint all of you with the sterling movement..
But so far.. i still don't see anyone discuss about RSI. Don't you guys combine the candlestick with RSI for the technical support indicator...??

I take my inside leg measurement, add that to my waist and divide it by my hat size. I charge for this service.

How much?
Great!

In a 1.9919. Looking for about 2.050 to 2.0100. I see trend as flat at this point. Looking to sell around 2.0038 tomorrow AM or Wednesday AM... Man this pair is looking really choppy. .. 1.9733 appears to be lower support for now.. Still looking to sell shor for a large break out if $ is going to be weak at 1.9700. we will see how this pair plays out this week.

Back above .9891 and out for -75. Sometimes you just know it's not the right move especially when faced with a better bid Cable yesterday.

Canceled my Long.. Got back in for a hedge. 1.9941 is current resistance... Looking for 2.0100 if it breaks out up from this point. Short trade is down to 1.9733 / 1.9682. .. ahh... Range trading... ..

Resistance at Black. Day bottom Neck line.. This is Day 2 of an upcandle on the daily chart.. Looking for a minimum of 3 days up.. Sell off on Thursday / Friday..

To tiesto,

Cable time for some short action and squeaky bum time yet?

Cable well supported up through the 24hr MA 1% normal distribution channel and seems quite content pressing on above 2%. No weakness there then.

Hi to all,
Have been trading by myself for a while. The market looks really ugly right now. I see a couple of wave 4's for the dollar rally, but the wave 4's are going too deep and too long to my comfort(Euro broke 1.56 and Cable broke 2.0). I am sitting on the sideline until the dust is settled.

To vlntnrss,

DOLLAR Remains on the defensive on the day amid light flows and traders
starting to think that last week`s dollar rally and especially euro
slide was nothing more than position paring ahead of the long Easter
break rather than a sentiment shift and that some of those dollar
short positions are being modestly rebuilt now that the weekend has
passed. That said traders agree too that risk appetites remain
extremely low order books exceptionally thin and strong ideas for
trades few and far between. A couple of traders suggest that last week`s
price action and turmoil in the market may have damaged psyches enough
to force many to the sidelines and keep them there until the air clears
somewhat certainly the deleveraging tendency in the market has taken
its toll. With month and quarter end just days away few appear to have
the appetite to rebuild positions this week traders say.

While the pound's move has been impressive it doesn't "feel" strong. I have some long positions with stops @ breakeven. I believe the pound is going to 2.0350/2.0400. However, if it turns I don't want to be stuck holding longs.

Good luck on your trading. This forum has some really good traders in it.