HI Jack
My friend howz u ?
My friend howz u ?
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DislikedI am bullish as well really. I look at the daily candles, and price action is still clearly above the trend line. I wouldn't feel comfortable or confident holding a losing short, and for that reason, I'm not shorting. I only buy in the direction of the prevailing trend, and the chart is telling me the trend is still up.Ignored
DislikedWhere do you and malcolmb get this losing short idea from? Who is in fact holding a losing short?Ignored
DislikedI believe we are talking in principle, that if we took a short, and price started going north, then we wouldn't be confident in holding our short. It's an issue of confidence in the direction of the price movement, not an issue of trying to prove price direction.Ignored
DislikedWhere do you and malcolmb get this losing short idea from? Who is in fact holding a losing short?Ignored
Dislikedno i did not mean anyone was short and under water. I never want to see that.
I was just stating if they were short and underwater they may want to think about closing trade. There wre a few traders in the forum that were having some issues being on the wrong side of the market yesterday , and lucky my analysis was right for the short side . Today thew chart have a very bullish tone to them based on VSA , as do the gbpfutures on 60 minIgnored
Dislikedyes and no ..
yes to the looking for sell off 1.6400 and decresing volume
but look at the reaction to the lower price .. they gobbled it up.
Pros want to buy in 6300 to 6250 zone and are happy to . ...we have not seen heavy selling yet ... so those long off 6250 are still holding .
that 130 pip hiccup in the middle of the day was on NO volume.... pros were just waiting to buy the dip .... VERY CLEAR on that one.
this chart is VERY BULLISH to me.
As i said I would be scared is holding losing short ....until i see another test of 1.6400...Ignored
DislikedI wouldn't be suprised if we did another range trade this evening with a hard bounce off the lower trendline @ 1.6220 followed by a rocket and break of the upper trendline. That lower trendline should meet us this time around.
Just speculation for the bull side of the story. The fundies are bullish, I'm a novice at the techies so I leave that up to you to debate.
Be back in a few hours. Gday everyone.Ignored
Dislikedno i did not mean anyone was short and under water. I never want to see that.
I was just stating if they were short and underwater they may want to think about closing trade. There wre a few traders in the forum that were having some issues being on the wrong side of the market yesterday , and lucky my analysis was right for the short side . Today thew chart have a very bullish tone to them based on VSA , as do the gbpfutures on 60 minIgnored
Dislikedya i know of two people short from 6320 and i dont know why they didnt close it in profit on the dip during the london session .. boggles my mindIgnored