Tuesday, August 16, 2005

Shaven head in the GBP/USD daily chart confirmed


Bear candle as suggested in the previous post confirming the bearish short term pattern in the cable.

5 comments:

Anonymous said...

Good picks forexenator. What software do you use ? I was looking at Oanda, do you think they are a good broker ? thx

Forexenator said...

Hi there, I think Oanda is the best broker in my point of view so far, I would point four things that make Oanda the best.
1. No minimum account size, you can just open an account with 10$ or even 1$ if you want, and no minimum transaction size.
2. No minimum Take Profit limit, you can just set your order to buy at 1.2450 and Take Profit at 1.2451.
3. Smaller spreads.
4. You can open you account in a couple of minutes.
I am not affiliated with them by any means, infact i am one of the smallest clients they have yet, but I think they are the best.

Anonymous said...

ok if its gonna sell
what would b the best selling price for a short term trader ? (having a stop loss of 30)

Forexenator your work simply shows that u r a noble person as well

Forexenator said...

Thanks for the compliment, About the sell price for the cable, I already closed the position for today, now I am staying out of the market analysis for the cable tomorrow, but you can see my first two posts now about the Euro/usd and the USD/CHF because there are apparent shooting star and hammer there in the daily chart. so you can trade tomorrow in the Euro/USD and USD/CHF areas. but for the cable I am neutral now.

Forexenator said...

Alaways remember having no position is a position.
Good luck and may God bless.