Cable Update (GBPUSD)
{quote} It's generally not a good idea to place stop losses where there's previous price action. More so where there are imbalance zones that the market re-rests... They should be placed above or below the highs or lows. Btw, your neckline is in the wrong place.
SHS Sell {image}
) can always whip up.
{quote} It was a joke. Very nice chart (image). I liked it. I did read the info but was not really interested as haven't been following conversations.
{quote} So where neckline should be?
{quote} Oh
{quote} I can imagine. I'm an EOD trader, so I have more time on my hands I guess. ☺ Have a great week FXCyborg What is ATB?
EOD (End of the Day Trader)?? {quote}
I am a TYWD trader. EOD seems good what it is? SYS
{quote} TYWD? EOD - End Of Day
With 61% short, I doubt it will sink too far https://www.forexfactory.com/trades.php
{quote} I'm not really sure how to read that when viewing the details there. All I see is a bunch of ppl stuck at 1.34xx on longs and 1.28xx stuck on shorts. Where's the anticipated TP levels ? ATB
{quote} My own analysis tells me bulls and bears at those levels can escape b/e or so if prepared to hold. Greed for profits will be the main hurdle in my opinion
{quote} I'm not sure how that tells me what the TP levels are, so how did you come to the conclusion "I don't think it will come down to that far" - where was the number you looked at on here to come to that notion? ATB
{quote} Oh yeah details, sorry. I see near bear TP level at 2961 as a tech level, with the weekly candle then closing above it. However, nothing stopping a spike down onto 28 territory, particularly when I apply my hybrid descending TL which starts at the tip of highest weekly candle then rests againt the bodies of others below the TL (on phone sorry, no chart, but can be applied to the one posted at top of this page). I then see TP level of 1.33 above as a minimum for bulls, and likely to 1.35 (2009 low). If 1.28xx bears are looking to make a profit,...
{quote} Cheers for the explanation... but you are misunderstanding me.
{quote} If you click on the GBPUSD long/short ratio within the link, it takes you through to the details including (but not limited to), average entry for longs and shorts, average profit/loss, average trade duration etc.
