needed to linger a little more around 1.33537 ish - then me numbers would been ok. i'm long but not off the bottom (5min chart). with lunch over the boys should and could do one.
In tea leaves we trust!
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Disliked{quote} To be completely honest... I trade the psychology more than i do indicators... I got my first position at 1.3387 based on the fact there is 0 decent logic or reasoning for Cable to push through a 13 year trend with Brexit 5 months away. Reminds me of when everyone was buying the stock market back in Feb as their indicators told them to when it was clear as day to see it was going to plummet.Ignored
Disliked{quote} I used to think logically like that too.. but sometimes market doesn't care about what I think sadly, only reversing after wiping my account clean (FWIW, I hope you're right as I am short too atm lol)Ignored
Disliked{quote} To be completely honest... I trade the psychology more than i do indicators... I got my first position at 1.3387 based on the fact there is 0 decent logic or reasoning for Cable to push through a 13 year trend with Brexit 5 months away. Reminds me of when everyone was buying the stock market back in Feb as their indicators told them to when it was clear as day to see it was going to plummet.Ignored
Disliked{quote} what's your target? for me it has to do better then 1.33795Ignored
Disliked{quote} good explanation and fair play to you for standing your ground, i am not a long term trader myself so really where its going to go in the long term is irrelevant to me, i can switch between short and long as and when needed. Of course your right monthly is in a downtrend but beware it is a corrective pattern that looks like its bottomed out. When the monthly is broken down to the weekly daily or whatever timeframes we trade, there will always be other trends and swings within, i can not wait 6 months or a year for a trade. Some use indicators...Ignored
Disliked{quote} Daily immediate resistance @ 3482 and depending how strong it breaks , then supply area to the left at 3514 but again if i see price action to the contrary i will exit the trade before the target is reached.Ignored
Disliked{quote} Fair one mate, I trade the stock market full time & just dip in and out of FX when it feels & seems obvious... some simple charting and leave it be. All about entry. Gl with yours too P.S. The monthly hasn't closed yetIgnored
Disliked{quote} thanks. i'm not seen a massive build out so i'll be watching my target first and see how it goes. as an aside - crude long has a massive build out.Ignored
Disliked{quote} It is of no interest to me if the monthly has closed yet , some of us are trading the price action that lays inside the monthly , weekly swing , c'mon do i need to explain that to you. chillIgnored
DislikedGbpusd on the Verge of Massive Breakout https://www.forexfactory.com/news/10...ssive-breakoutIgnored