hey guys. look what they say in daily telegraph about pound :
http://www.telegraph.co.uk/finance/c...arns-CEBR.html
http://www.telegraph.co.uk/finance/c...arns-CEBR.html
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Dislikedhey guys. look what they say in daily telegraph about pound :
http://www.telegraph.co.uk/finance/c...arns-CEBR.htmlIgnored
Dislikedwelcome to your first year end. stay away from the market till the second week of january my friend. trying to trade under this condition is foolish.
happy new yearIgnored
DislikedIf one was to speculate the play, I would suppose that playing off of the 1440EMA from the 5m at current to support line would probably pay off.....
Just a guess mind you, but a reasonable guess to be sure.Ignored
DislikedYep, just up and down but looks like we're not going up anyway from here. Euro found its top i think and it's going down from here.
I know it's not a good time to trade and I'm not putting big money in it, but I know one thing, if you manage to find the weak points in your strategy (like markets in range in this case) and learn what tools work all the time you're on the your way.
Avoiding periods like this is kinda ok, but you must trade it once pr twice to make your strategy stronger (not re-model it on markets in range... just make it work...Ignored
QuoteDislikedA trader friend relays that a small GBP buy order moved the market 13 pips to the topside a short while ago. 13 pips to get in a measly 30 mln pounds. Be very, very careful in taking spec positions in this market with tight stops. You are one random order a way from getting stopped out at any point in time…
Cable has dipped to 1.6605 after the buy order was filled.