took profits on cable and euro/usd.
still long on the jpy pairs for now, as risk appetite returned.
still long on the jpy pairs for now, as risk appetite returned.
Why is GBPUSD called cable? 68 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
DislikedPrice just hit 38% and rebound. I think if we can get consolidation/dojis in this area, I think might be best to place long in the next 1 or 2 daily candles...
My preferred price to long is 5485-5565 area (50-68% of retracement area). Hopefully, it doesn't just get to 38% only..Ignored
DislikedBuy more screens you will feel like flying the airbus a330.
more to see even a naked ones on the beachIgnored
Dislikedi use only 2 strategies.
Risk on or risk off.
Market Sentiment dictates which direction currencies move.
If you trade against strong sentiment, you lose.Ignored
Dislikedi use only 2 strategies.
Risk on or risk off.
Market Sentiment dictates which direction currencies move.
If you trade against strong sentiment, you lose.Ignored
DislikedWhat Day is Today ? Tuesday i think
well first target reached,
looking for a little more up to enter again for another 100 pips ride.Ignored
DislikedCare to elaborate more on how you analyze risk on/off? thanks.Ignored
DislikedI monitor oil, gold, commodites, news releases, etc.
The cad pairs and the aud pairs reflect commodities.
the gbp/aud, eur/aud, and yen pairs reflect risk appetite.
My website has Bloomberg tv live, and i watch cnbc.
my broker has news feeds.
I knew before the fact that market sentiment had reversed from the cross currency pairs. They move first, the majors follow, usually.Ignored
Dislikedyes and no
if you understand that price needs to go somewhere, then sentiment will always fall into line behind necessity.
moods are easily manipulated.Ignored
Dislikedwhat day got to do with trading, mate? are you one of the Gann's subordinates? Analyzing from the astrological factors?Ignored
DislikedDon't knock Gann. Not many people get their picture hung on the trading floor of the NYSE. The market respects him for a reason.
What flakey people do with Gann theory is another story. Without Gann there wouldn't have been a Hurst, without a Hurst, there wouldn't have been algo trading, without algo trading, I'd probably be living in a shed.
roflIgnored
Dislikedoh well i missed the down move.
got only some scalps....
what a day
and its still not ended!
there is bernanke and gov.king speaksIgnored
DislikedDon't knock Gann. Not many people get their picture hung on the trading floor of the NYSE. The market respects him for a reason.
What flakey people do with Gann theory is another story. Without Gann there wouldn't have been a Hurst, without Hurst, there wouldn't have been algo trading, without algo trading, I'd probably be living in a shed.
roflIgnored
DislikedHello Brother target reached and looking for 1.5420 for next medium term target,
first will be 5560-80 and one more thing
it may retrace to 1.5750 we may get more also but to me that is where i will add more lots
thank you...
i am Going with GBPCAD too nive 130 pips i got. from there too
but be aware of any spike up move it can happen but GBPUSD is bearish to me . who know after what will happen but for now i am bearish in GBPUSD and GBPCAD GBPCAD target is 1.56
i am sorry but it is GBP pair so i though i should discuss hereIgnored
DislikedNope, I like gann. I am one of the peoples that study his methodology. I just simple asking that guy what day got to do with his method of trading, coz it seems unconnected with his posting.
Gann is simple the most sophisticated trading method yet quite a lot of the theory is actually right. I believe the impact on astrology to us, human being for one..Ignored
Dislikedyeah, I know what you mean.
Gann is like the Tesla or Van Gogh of trading.
He spent his entire life trying to to quantify human emotion. It was a seemingly impossible task, because human emotion is so rich, varied, and irrational that so far it can't be broken into a mathematical equation.
But the interesting thing that happened along the way was, because he chose such a hard task, it pushed him to develop mathematical theories that no one considered before him.
In a way we're very lucky we're so unpredictable. If someone had the formula...Ignored