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Hunting High and Low
Cable Update - Continued 102 replies
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DislikedFor whose who are long I have some bad news for you. 1/ The london open hour (co-called Initial Balance) is wide enough. 2/ Initial Balance spreads its boundaries so that the IB boundaries includes both boundaries of the IB Asia. These two facts give me an understanding of the day possible structure. I am almost sure that the day will be with no directional move, it will be rathe mixed, rather normally distributed. The price will no go higher much (if it goes). The day will be rather in auction at the level of 3200. However I am still awaiting...Ignored
DislikedI will use the next 15 minutes to confirm my bullish bias. If price goes down, i wont be buyingIgnored
DislikedCable at the 1st obstacle, the weekly pivot r1. If it breaks through here then there is a good chance 3360 is next. {image}Ignored
Disliked{quote} If you think it will reach 1.3120 ... i'm curious .. why won't sell it until it reach there??? That's 60 pips away ... .. I'm thinking 1.317X-1.3180 have strong support today ... reach their 4-5X times today... 1.32 and higher is not out of reach...Ignored
Disliked{quote} 3300 today, 3360 tommorow, i see where you are coming from, very nice. I mean, all one has to do is buy and hold in this market. Ill put on a long term trade if today closes up, TP? 1.39 http://www.forexfactory.com/showthread.php?t=603940Ignored