DislikedI can't understand, are you saying that you see today as random in cable??? Can you post a chart and reveal your point??
DislikedMy view is normal directionless movement in the price action.
Can you ever interpret directionless price movement another way rather than directionless or random
DislikedPrices can move sideways in a "normal" fashion. When I say "normal" I mean swing high/low drifting. However I don't really consider todays action normal. Today is without a doubt random because it did not follow that pattern and there was no clear range.Ignored
DislikedI am not closely watching the GBP/USD, so I can't deeply analyze the price action as you might do, but I know that price has the right to move where ever they want, and to choose the way they want to move and the method of moving without informing us or giving us any warning or alarms
DislikedAhhh a comedian!!!!
You're quite right of course, but this day has been abnormally ugly.
Its not easy to trade the cable anyway but this is ridiculous.Ignored
DislikedI usually leave and stop trading when I witness an ugly day from it's very beginning and thank GOD that it has been ugly in the beginning What do you usually do in such cases ?
DislikedI thought today was one of the more predictable days for cable.
Basically trading off the 2 and 4 hour trendlines. I used them during the Asian session to see that cable should retrace back to those trend lines, I predicted it would be around 500, so went long and got out at 490. Then I went short when It bounced off the 2 hour trendline...got out real quick there, it just plummeted.Ignored
DislikedHere's a simple trade. Buy USDCAD now. Red lines are stop and target. What do you think, StirlingTDR, my good friend?Ignored