yes Yacob the overall move is still short but big news cause crazy things to happen from past experience. Good example was this week with the bad news for usd ism look at the statements from the night b4. Especially money master I believe he calls himself. Everyone was hell bent on this bad data sending cable to the 2's so many ppl were long on this just to get burnt from the short. I know cable is still short but NFP is MAJOR news and at right now we are in a mini 4 wave if nfp is not as expected 4 wave can extend and extended 4 wave causes failure of the 5 ok. I am not in vegas I have rules that I trade by, mainly from loosing in the past. So I wish you good luck on your short i have made good pips on this move down on the cable. My goal is to be a pig that gets fat in forex not slaughtered. With that said we are moving up now lets see if we get the bounce off the 9659 area move down should be to 9461 area. which is 38% area on the daily. looking for a bounce here to hopefully 9770's area where i plan to get back on for the ride down to mid 9050's. I have a plan when i trade now and I stick to it. I am looking for this move down to 9050's to start to happen between the 13 and 15th of this month.
Happy trading
yacob
Happy trading
yacob
Quoting YacobDislikedI haven't close yet because price will keep going down and hopefully NFP will be positive for US. IF NFP news, USD bullish maybe i will target my TP @ 1.9300ish.Ignored