Wednesday, August 13, 2008

GBP Review


Hi all,

The cable keep dropping and dropping while some..well maybe most of the trader try to jump in because they think that this is already too low...well there is no too low on this field :D.Since the swap usually positive on the long side, people actually more eager to put buy than short..it's so human, but at some point it will cost you dearly.I have to move my time frame to the bigger tf to see the bigger picture..


It's the same to us-jy..it already touch the Median Line on the monthly tf.The only thin that make both these pair a bit different is that the market sentiment.Yap..some trader feel that the us-jy still on the move for further up while the gbp already too low (actually going to 1.96xx).Ok that the hint :D make sure you master your setup.


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