Lesson Number 1:
Follow the market, not combat. The market is your friend. Good luck to all on the downside.
Follow the market, not combat. The market is your friend. Good luck to all on the downside.
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cable short for gbpusd? 6 replies
DislikedI beg U Pardon Jacob,market like this, u should better stay away, unless u have short position at 1.9700...Ignored
DislikedThank U Buddy....
BTW... market confusing now... EURO BREAK UP... GBP BREAK DOWN...
it's not normal........ TRICKY DAY isn't it???Ignored
DislikedIt is risky to expect g/u to go crashing down unless we see a close below 9600 on 4hour chart. Technically 9600 is a strong support area. Howver if stocks start selling off then no technical indicator will be able to save GBP today.Ignored
DislikedFutures are already showing a Downward presure
However European Markets are also Negative..Ignored
DislikedFutures are already showing a Downward presure
However European Markets are also Negative..Ignored
Dislikedi have a question : lets say dollar reports are strong wat will happen to equity and future markets???????????????Ignored
DislikedWhen DowJones is rising, EUR/USD, GU will rise..
Which means Dollar is weak..
When DowJones is Falling, EUR/USD, GU will falll.
Which means Dollar is strong..
Around currently there is above 90% solid correlation to EUR/USD and DowJones..Ignored
DislikedWell it has been said many times that "when in doubt stay out" and that is what I did let us see what will happen when the consumer sentiment (University of Michigan survey) release.....Ignored