Remember when 1,63 was the rate, everybody was saying BOE should react, bla boa, the exchange rate is so high. Now we are in 167-170 area and we are looking to buy on dips....
No emotions, just trade
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Disliked{quote} {image} i get extension 835 , so is it there first or down to the fibs, or 6767,, sorry charts tight best i can doIgnored
Disliked{quote} Cable rocket shall not make such retrace. Look back at Cable rallies, if all the factor shall be positive for Cable (i mean first of all fundamentals - only positive news and first potential rate hike country), and we have already a basket of positive factors for Cable, the only thing that can stop the rally to 170> is NFP (and even this cannot keep Cable for sure in his pants). So if NFP are bad 170 at least is guaranteed. Uk economy is pumping so hard that it gives a s.... about high exchange rate... Remember when 1,63 was the rate, everybody...Ignored
Disliked{quote} Cable rocket shall not make such retrace. Look back at Cable rallies, if all the factor shall be positive for Cable (i mean first of all fundamentals - only positive news and first potential rate hike country), and we have already a basket of positive factors for Cable, the only thing that can stop the rally to 170> is NFP (and even this cannot keep Cable for sure in his pants). So if NFP are bad 170 at least is guaranteed. Uk economy is pumping so hard that it gives a s.... about high exchange rate... Remember when 1,63 was the rate, everybody...Ignored
Disliked{quote} {image} i get extension 835 , so is it there first or down to the fibs, or 6767,, sorry charts tight best i can doIgnored
DislikedHmm, not even a spike above 1.6816, monthly pivot is too strong and looks like I was right about the loading up before the short thing. I changed my target from 6784 to 6750. About NFP, why do people consider it so important? Its just news, it doesn't have any power to change trends. The only thing that could change trends were FED and ECB, not even FED is dead, so ECB is the only thing left strong enough to change trends. NFP is nothing...if the info is bad and we get a long spike, I will short it, if info is good and we get a short spike, I will...Ignored
Disliked80 won't be easy to break, won't happen at one try, I think. But if it does, 6750 is very probable. Now lets break it under 68, so I can get back to sleep.Ignored
Disliked{quote} Yay I've now got someone supporting me in my view I got my short exits at 1.6750 as shorted at 1.6719 stop 1.6826 although that is 7 pips expect it to be 24 pips if nfp swings it up first but am looking at buying slightly below there... looking at trying the bottom at 1.6741 exact but pivot is at 1.6747 S1 so need to be carefulIgnored
Disliked{quote} I am hoping we touch 87 now before nfp.. and 87 takes us back too say 1.6808.. we will be ready to crash through it then as we would have touched it once.. we have already touched 1.6802 so that is dead... now we need a touch on 1.6787 then we're good to go.. 1.6767 will repend back too 1.6802/06 then we'll follow through too 1.6747 areaIgnored
DislikedSitting on the sidelines for the NFP. At the moment GU trading below 200MA on the 4H with bearish butterfly harmonic still valid. IMO, it would take a break up to the 168.38 to invalidate this harmonic. Fundamentally, I can't see a lot of reasons to be selling GU but either way will sit this out and maybe learn something for future considerations. Sharing is caring. Good luck pippers! {image}Ignored