4 Responses to “BOE. NFP. Pound continues to fall …”

1. on 07 Aug 2009 at 9:12 am1Swana

   I would add to your setups - always look at GMT 5.41.

   What kind of ABC? Does it begin to make low lows ?

   Thank you for sharing with us.

   I personally find it the most scientific way to determine the daly trend.

2. on 11 Aug 2009 at 7:23 am2David Aranzabal

   Hi Swana,

   What do you mean on “always look at GMT 5.41.” Is for you a good level to watch?
   I’ve personally discover that at 5:45 you can get a good entry point before the Frankfurt Opening.
   But why 5:41 ?

   Thanks for sharing..

3. on 12 Aug 2009 at 2:46 am3Swana

   Hi, David,

   I want to thank you one more time for sharing with us this very usefull information about preLondon outbreak.
   It is a very scientific system.

   I want to share my observations here,too.
   Yes, at 5,41 a.m. GMT the small candle is reverse.
   Look at today, 12 August.
   USD/CHF uptrend, GBP/USD, EUR/USD downtrend.
   EUR/USD has shown this reverse signal at 1.4146.At 5.41 a.m.
   GBP/USD has shown this reverse signal at 1.6487. At 5.41 a.m.
   USD/CHF at 1.0818, but has returned after one hour to build A-B-C.

   Why 5.41, not 5.45? I dont know, that is the theory of Phil
   Newton from FXStreet. He watches 89 ticks chart, they are more precise.But according to him, we can watch 2 or 3 min charts, too.But he has very many years of experince and observations.His shift time is 5.41 a.m.

   USDX (Dollar Index) has built a Doji at this time on 79.10.
   Trend up for the Dollar.

4. on 14 Aug 2009 at 9:59 am4David Aranzabal

   Hi Swana,

   Thanks for sharing your info about 5,41
   I used to follow Phill Newton. He is very good at the European Breakout, but I didn’t know about the 5.41 GMT thing.

   Thanks for sharing !!

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