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No Bullshit Forex Blog, A Part of No Bullshit Network
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Aug 25th 2007
A friend of mine, J quoted that it’s pointless to do predictions for the following week since people always buy and sell, and everything right now is just a guess. It would be better if you understand price action and volume, read the market each and everyday. That’ll I have to put my hats to him and agree.
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Aug 19th 2007
GBPUSD
Volatility of this pair is drastic. It went up and down bobbling 400 pips and more before closing for the week. The pound might be undergoing a major correction towards the downside as it broke the support lines for the Daily and Weekly charts. More monitoring is needed on the opening for confirmation of the trend, though it looks good on H4 and Daily for a long, I’ll just step aside for the moment.
Aug 12th 2007
My homework for the upcoming new week as follows:
GBPUSD
Still on the uptrend. Not much changes. Seen a doji forming on the H4 and daily chart. Should be a good opening towards the beginning of the market. Watch out for the candle crossing the 200EMA lines and MACD reversing to the positive side for confirmation. Bullish
GBPJPY
Aug 5th 2007
Weekly Forex Technical Analysis on the Majors - 5th August 07
0 Comment technical trading, forex 3 years, 1 month agoAs I have mentioned on my routine before. Usually before the market opens for the week, I’ll be flipping Daily and Weekly charts to see how it will look for the long run. Here, I present to you my studies for the week.
- GBP/USD
Jul 30th 2007
Here’s a little quick overview of what I usually do for my daily forex analysis exercise since there won’t be any signals out for today.
1. Check On Any News Release
I’ll hop onto Forexfactory to look at any economic news release on today’s calendar. Make sure that you have the timezone set accordingly to the one you are using.
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