got to run to work will catch you guys later afternoon! Stay green!
In trading, you have to be defensive and aggressive at the same time
? {image}
- #26,245
- Feb 27, 2019 5:48am Feb 27, 2019 5:48am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
As a Trader who trades GBP pairs alot and follow all the fundamentals around it my insight is: the reason why GBP is so strong is the fact that a no deal is almost ruled out(the biggest fear factor). Yet its technically still on the table, but with the given options No Deal is not very realistic...
Porta itineris dicitur longissima esse
- #26,246
- Feb 27, 2019 6:07am Feb 27, 2019 6:07am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
I bank this upon first signs of reversal, original TP was on WPP but you never know.
Porta itineris dicitur longissima esse
- #26,247
- Feb 27, 2019 6:16am Feb 27, 2019 6:16am
I bank this upon first signs of reversal, original TP was on WPP but you never know.
I expect it to bounce higher and then lower another 60 -80 pips.
Reload later.
- #26,248
- Feb 27, 2019 6:17am Feb 27, 2019 6:17am
I bank this upon first signs of reversal, original TP was on WPP but you never know.
But to me this is an early close... ADR as much more in the tank, your TDI shows H1, H4, D1 still to the downside and we are only at 38.2% correction of the last pullback, 38.2% may be the first target to take some profit but it has much more in the tank imo
Here's my chart of it and my view to where I'll look for closing the positions
- #26,254
- Feb 27, 2019 6:31am Feb 27, 2019 6:31am
{quote} Hi David nice contribution!Thank you
{quote} There's not enough support for Brexit from the people either, now when all the lies are revealed. If Brexit will be postponed till 2021, new referendum is on the table as well.
Well yes there will be a couple of amendments today:
MPs are staging votes tonight on a series of amendments, including a call backed by 60 Tories for the rights of EU citizens and UK expats to be protected from a no-deal crisis.
Other amendments include Labour’s Yvette Cooper seeking to pin the Prime Minister down to the commitments she made yesterday; a Jeremy Corbyn amendment urging his party’s Brexit demands like a customs union; and a call by the Independent Group for a new referendum
https://www.standard.co.uk/news/poli...-a4077851.html
From what I understood so far, there would not be enough backup for another referendum. May and other politicans made it clear several times that they want to deliver what people voted vor. If they would back up a 2nd refrendum it would be a betrayal to the people and undermine democracy.
But lets what happens, I dont want to talk too much about GBP since commodity pairs are pretty much the focus here for a good reason.
{quote} Thanks david7, in the meantime GBP is marching like a caterpillar.
- #26,255
- Feb 27, 2019 7:01am Feb 27, 2019 7:01am
- Joined Feb 2015 | Status: Trader | 2,476 Posts
EU is coming back {image}
Trade with confidence, trade without fear.
- #26,259
- Feb 27, 2019 7:22am Feb 27, 2019 7:22am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
{quote} Good job on this, green pips is always better then no pips! But to me this is an early close... ADR as much more in the tank, your TDI shows H1, H4, D1 still to the downside and we are only at 38.2% correction of the last pullback, 38.2% may be the first target to take some profit but it has much more in the tank imo Here's my chart of it and my view to where I'll look for closing the positions {image}
I agree partly.
Current GBP rally is twisting the whole market, the Yen weakens, in this case I preferred to avoid the risk in exchange for some pips.
Porta itineris dicitur longissima esse
- #26,260
- Feb 27, 2019 7:23am Feb 27, 2019 7:23am
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Got caught with GBP pairs. At least I got this one right.
