1 pip positive in my short
Gotta love this SOB pair.
Gotta love this SOB pair.
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DislikedThere's a talk that tomorrow's BOE may come out 6-3 for no-hike, instead of forecast (and previous) 7-2. If this happens, market is likely to start pricing in a likely rate hike for April - yeah that's how it works - the market prices the freaking hike they "think" is gonna happen to move the market 200 pips down when the no-hike (for April) comes... Big losses here until I got it.
6-3 + FOMC no hike or rate cut and Cable will stop at 9800 this week - the guy long at 9913 will recover his hope and will feel strong to ask his ex-wife for another chance.
7-2 + FOMC no hike, as expected may be take us to grab stops at high 96s, I would guess...
I'm waiting to dump this short I have ASAP and will be out until news tomorrow... Dumb entry this short I got after a hugely profitable day.Ignored
DislikedHistory by history Jan 12th - 22nd are also in my mind...
Big down to 92s evolving to 99s
Still clueless here, I'm sorry...Ignored
QuoteDislikedWhy do you see it being down on wednesday?
DislikedOr down on Thursday?
Well, there is this 100% fibo/resistance above, on daily around 9650. It will stop there and retrace. I don't think its the end of the overall uptrend. But even on Jan 15th it retraced back 120 pips. Such a move is what I meant.Ignored
QuoteDislikedSounds not very technical or fundamental, but thats me. I like to trade the market on how I 'sense' it.
DislikedOr down on Thursday?
Well, there is this 100% fibo/resistance above, on daily around 9650. It will stop there and retrace. I don't think its the end of the overall uptrend. But even on Jan 15th it retraced back 120 pips. Such a move is what I meant.
In GBPUSD you never can see the top or the bottom of a trend. If you could, this pair would never reach it.
Sounds not very technical or fundamental, but thats me. I like to trade the market on how I 'sense' it.Ignored
DislikedEveryone has their own count tra-la-la. Welcome to EW.
Edit: Oh btw, looking at m5 chart, isn't cable forming a very tight triangle atm?Ignored