{quote} It is selling at 1.545 all the way down into Mar It always bounces for 100pip for those who like that trade....thats why its called GBP, most GBP pairs bounces for 100pip You could even design your trade style around that.
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Well it's at 156.00 now and I don't see much sign of it going down! I see it getting to 160.00 pretty soon actually. However NFP tomorrow might change things of course.
Have to agree on the 100 pips a day though especially on the crosses. That's why I like trading them.
{quote} Well it's at 156.00 now and I don't see much sign of it going down! I see it getting to 160.00 pretty soon actually. However NFP tomorrow might change things of course. Have to agree on the 100 pips a day though especially on the crosses. That's why I like trading them. {image}
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You are tradewatching too much....The price action at 1.56 is confirmation of what I am saying that it is going down into mar......Takes experience to understand this and also quit watching the trade.
{quote} You are tradewatching too much....The price action at 1.56 is confirmation of what I am saying that it is going down into mar......Takes experience to understand this and also quit watching the trade.
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Anyone who knows anything about GJ must know that GJ is not as wild as GU so its not rushing to 160 target in Jan as GU did
{quote} Anyone who knows anything about GJ must know that GJ is not as wild as GU so its not rushing to 160 target in Jan as GU did
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What drivel - "anyone who knows" I think I know a lot more then you think mate! Have a look at my target trading thread please. Anyway I doubt if it's worth debating with a know-all like you. I've learned that one gets absolutely nowhere
And I am not "tradewatching" I am chartwatching. Have a look at the C H A R T - what do you see??
You said it's going down from 154 and it's already gone up to 156 so you are already talking nonsense
I suggest that you keep your mouth firmly shut from now on until/unless you are proved right OK?
Joined Jun 2013
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Status: Looking for a job
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RSI is a momentum indicator which gives both strength of trend and a sound direction of trade, if above 50 the trend is bullish, avoid shorts, if below 50 trend is bearish avoid longs
but like all momentum indicators it also follows the price divergence setups resulting in good trades
There is tradewatching and there is trading. Two distinct things.
When you trade you simply put on position at appropriate lot size for the account that can withstand any movement in the market as you are prepared to take the consequence if your estimate is wrong.
It's a liquidity pull-back and I think we will see normal service resumed next week. 160 is the target and we'll get there soon that's for sure. GJ has these swings, normal for the pair. 155 is now a strong support
BTW there is a very "irritating fly" on this thread who is continually posting utter jibberish. I suggest that you ban this fly from the thread if you can or press the ignore button which is what I have done. The guy is a total nutcase
{quote} Hi Patience It's a liquidity pull-back and I think we will see normal service resumed next week. 160 is the target and we'll get there soon that's for sure. GJ has these swings, normal for the pair. 155 is now a strong support BTW there is a very "irritating fly" on this thread who is continually posting utter jibberish. I suggest that you ban this fly from the thread if you can or press the ignore button which is what I have done. The guy is a total nutcase
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The target is not the problem most confuse the target with the timing.
It must do something between the target and now.
I am saying that it must go down towards 1.50/1.51 before heading back towards the target for the rest of the year.
I will tell you that the target for 2016 was 148.
So your Target is 160 but bear in mind this is for the rest of the year 2018.
