good job Taravolta , short happened how much you earn?
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DislikedThanks for your awesome trading insights FXAdvice!
Based on the charts, I see a possible long entry on the cable at either 1.6570 (near Monday's high) or 1.6550 (on Wednesday's bounce-low).
How do you determine which is a better entry?Ignored
DislikedEuro's weakness is keeping cable up and causing the undefined price action. I think it is based on earlier BOE hawkish comments. Market is selling eur and buying gbp. But sooner or later when euro hits major support the mkt would commence shorting cable. Just watch eurgbp and you would see what i am sayingIgnored
DislikedLooking for long on G/U around 1.6550, also care about tomorrow Non-Farm Employment newsIgnored
DislikedI understand that this is discretionary but how do you determine which value is good enough "around" 1.6550.
This is something I've had a hard time getting a grasp of. I pick a nice round number and there are many times where it bounces of a few pips away from my number. In that scenario, I lost my chance to get into a trade.Ignored
DislikedI also think that the market may have potential to check out 6500.
We will see but looking back, your calls are rather sharp!Ignored
DislikedI understand that this is discretionary but how do you determine which value is good enough "around" 1.6550.
This is something I've had a hard time getting a grasp of. I pick a nice round number and there are many times where it bounces of a few pips away from my number. In that scenario, I lost my chance to get into a trade.Ignored
Dislikedalready Cable stop for bit , and formed a support around 1.6560, lets see what happenIgnored
DislikedFXA,
Your thread is growing nicely. Would you not consider transforming it to somewhat educational - this is out of curiousity?Ignored