just a heads up ...GBP currency is hitting a decent R level...may be worth looking for resells in the 2830s
its not until the 2850s that cable is showing huge POC levels for all you market profile traders
N
can someone please shoot me ?.....sure im at 2827 and a decnt scalp on
but i should not have taken that scalp after doing so well this morning ......hmmm
back later ....
N
8am has not really made it any clearer......
i took a eu resell around the 1636/1633 range....and got a good scalp down to low 1620s....but jees its hard grind......im hoping gbp will give me some decent bias soon...its really ranging....
N
still hardish work...........usd is my main currency to trade london and its not offering up much in terms of a decent trend from 6am so far.....its been great if you range trade ......it was bull early doors then swung a nice 20 pips south so far .....but i prefer to get onto a tradable trend ......likewise yen , gbp and Euro all swinging like sinatra......
last hour i have been trying to work cable north of 2920s.....been to 2940s so far
N
last few hours ive been in and out .....
with usd holding bear and GBP actually still holding bull from 6am ......i have been trying to maintain Cable buying - especially off the bigger retraces
so nice rebuys again off the 2920's earlier back up to 2960s......but 2961/2 the high so far
euro has grovelled bear most of the day so no use selling it into a bear usd ...
yen recovered strongly from 1.30 pm BST and was worth buying into usd or Euro .....some nice moves
Cad was a demon seller NY session so far .....but not for me with usd weak as well - shame
I don't understand the benefit ... I mean, I don't understand how the correlation charts work, or what they do. Could you please give an example of how it works?
hey all
ok ....its friday !...ok its the NFPs this afternoon but until then no major new releases so clean sailing
USD , Euro and GBP all pretty bull so far from 6am .....frustrating
yen the sell .........CAD and AUD as well
means i'm chasing less appealing pairs for me ..... except E/J buys which im majoring on so far
i didnt really hit it until post 9am BST....buying up from high 128.60s to 128.90s so far
buing U/J never really flots my boat much unless i had a good good reason to see USD and JPY having their positive correlation unhooked .....
N
morning all
low action at moment and im busy elsewhere ......
asian had relatively low volatility......
usd net bull so far ...main seller is Cad......europeans are very very neutral
ZZZZZZZz
a while back around 8.30 BST I decided to start selling yen and USD ......europeans looking much more bull as well
been working cable up from 2920ish and EU up from 1550s ....EJ looked buyable again in 128.20s
cable been to 2945 and EU to 1570's ....EJ been to 128.50s so far
okish re scalping ......dont hang the flags out just yet today !
N
earlier dynamics shifted from around 10.30 am ...consolidation still in progress
Euro looks best bet to hold Bull positions ......
if EU can get back into 1580s i'll look to rebuy
EJ would be preferable back into 128.60s for rebuying to commence
cable needs 2930s to rehold for buying
aside from this the Swissie has been clobbered today so far ....nearly 60 pips down from 6am BST
N
earlier dynamics shifted from around 10.30 am ...consolidation still in progress Euro looks best bet to hold Bull positions ...... if EU can get back into 1580s i'll look to rebuy EJ would be preferable back into 128.60s for rebuying to commence cable needs 2930s to rehold for buying aside from this the Swissie has been clobbered today so far ....nearly 60 pips down from 6am BST N
Ignored
started rebuying cable earlier as it went into the 2930 zone.... now at 1.30s
post the new release i felt gbp was a little overcooked and must come back ......started looking to short cable from 3030 levels .....been down to 3005/6 where major resistance seen so far
since then im still tempted to resell when offered .........been back up to 3030 again so good sell levels
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