Keep It Simple Stupid
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Disliked22-Dec-2017 ( Friday,1 pm) snake ::151.770-151.348=42.2 pips dragon ::152.346-150.889=145.7 pips ============================ M15 snake : 151.885-151.348=53.7 pips ===== combine snake give 151.885-151.348 = 53.7 pips. M15 rangeIgnored
Disliked22-Dec-2017 ( Friday,1 pm) snake ::151.770-151.348=42.2 pips dragon ::152.346-150.889=145.7 pips ============================ M15 snake : 151.885-151.348=53.7 pips ===== combine snake give 151.885-151.348 = 53.7 pips. M15 range.Ignored
QuoteDislikedCable has been stuck in a tightening range the last two trading days, with lower highs and higher lows. On Friday, while we made no attempt to test the 1.333X support, we also failed to break above 1.34 (3 pips shy). In fact, for most part of the US session, bulls failed to keep it above 1.3380, and towards the end of the session, we saw a collaspe to the 1.336x. I would say that for now, we are trading in this tight range, making it very difficult to trade anything other than quick scalps.
I would only start looking for longs if we can settle above 1.3380 convincingly, although once again, I believe the bullish case can only be confirmed if we break 1.34 meaningfully. On the other hand, I would only start looking for shorts if we dip below 1.3350 convincingly, although once again, the bearish case can only be confirmed if we break 1.333x strong support.
Just my two cents. Cable would be on standby outlook.
Disliked19-Dec-2017 ( Monday,1 pm) snake ::151.764-151.194 =57pips dragon ::152.140-150.856 = 128.4 pips ====================== Bank holiday, small lot long only.Ignored
Disliked19-Dec-2017 ( Monday,1 pm) snake ::151.764-151.194 =57pips dragon ::152.140-150.856 = 128.4 pips ====================== Bank holiday, small lot long only.Ignored