DislikedHello frnds,
Looks like cable could finish inside the bands tonight if it keeps dragging itself the way it hs been. That means we could finally enter LONG on cable if it does manage to close inside the bands.
CheersIgnored
Dubai, Very astute observation. I will put on my watch list. And I will have Paul call his people to tell their people to move some money into it if this should take place.
I shouldnt tell you this but, GBP as you know moves 10030 pips a day easy. You could take a chance and get in now with only a 35 pip risk to make hundreds! The reason I would NOT do it, is on the weekly, this puppy is dropping pretty bad. But it would not be a bad idea. Problem is, if you get stopped getting in now, do you re-enter if it closes inside the band? Can you risk the money? These are personal questions you need to answer. I for one aM NOT going to do it as I have too many positions now, and I dont like to go against a weekly unless the bar closes.
****TIP OF THE DAY- Dont be afraid to go against the weekly if your R/R is huge. You dont need a change of trend, just 3 good days your way. And if it is a change of trend and you caught it on the daily, Oh......my......GOD! Huge payday. Better to stay within the guidelines for at least 6 months though. I tend to get aheadf of myself as Im very experienced with these tpe of entry,exit systems.
Nice find, Dubai!