Traders Laboratory - View Single Post - Busy Day Tomorrow
View Single Post
  #106 (permalink)  
Old 04-29-2008, 08:50 PM
Sledge's Avatar
Sledge Sledge is offline
Sledge is PDF: patient-disciplined-focused

 
Join Date: Dec 2007
Location: Indianapolis, IN
Posts: 445
Thanks: 214
Thanked 103 Times in 66 Posts
Re: Busy Day Tomorrow

Thank you Anna-Marie.
I foresee the GBP/USD this evening on a similar path. We have been playing the ping pong between 1.9960 and 1.9680 for a week + now. Every day I work to see if we are close to one or the other- and gauge whether it has momentum to break the line or is it going to bounce like a vending machine rubber ball- then back the other direction we go.

Looks as if their was still plenty of activity- even with the Rate Decision tomorrow- a lot of times we see a slow down, other times, it acts as if it is of no concequence what so ever.

The "Double boxed area" on your chart- did you mark it to show that beautiful row of test bars? That is a pretty sight. Testing and a lot of buying on the lows going on- and what a beautiful space ship launch off the pad as a result!

Aaron

Reply With Quote