Comment by genxtrader on October 23, 2012 at 2:36pm

 rolling right along.

Comment by Peter jcp on October 23, 2012 at 2:42pm

Hi Gene - you have just had another low at 5925 - so you must be pleased- and similar EU testing lower under 2956. I can see your next supports if 5933 does not hold and similar on EU was expecting 2950 or 2946 to hold for the day - which might then match up.

Have a great week 

Regards 

Peter

Comment by genxtrader on October 23, 2012 at 2:54pm

 Hi pete, yeah gu is being good to me this week so far,after watching this pair for some time now one thing it loves to do after a solid bull run is retrace 50% of the overall move,how its going to whip around to get there is anybodies guess, if i get a close below wkly S1 today il hold for the full 50% if slows and closes above that mark il be tightening up.

Comment by Peter jcp on October 23, 2012 at 9:31pm

Comment by Peter jcp on October 24, 2012 at 6:57am

Hi Gene - there's that retrace again after yesterday's trip down ;-)

Comment by genxtrader on October 24, 2012 at 10:34am

good morn pete,  i took profit this morn,  gave back some but thats ok my target objective was met.

Comment by Peter jcp on October 24, 2012 at 8:08pm

Hi Gene - news out tonight in UK is that tomorrows UK news should be good for the pound ;-)

We are suppose to becoming out of a recession  - small growth between July and September ( yes the pre Olympic effect ) ( yes and pigs can fly in the UK lol)

So get ready for at least a small buy at some time tomorrow ;-))

Saying that ideal for market to set up a drop first before any rise .

Have a good day 

Regards 

Peter

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