Cable Update (GBPUSD)
Back above 1.39 ,the bull in the house and another buy the dip day missed by retails yesterday.USDCAD and USDCHF huge drops predict a bad NFP data on US session, and a bullish continuation on EU,NU,AU and GU.Let's ride them in the right direction.
Patience pays.
{quote} GU In negative drawdown. Was very bad late entry yesterday ( end of London) No in good position now.{image}
{quote} I like what your saying but for different reasons :-)
When the market is long is not for 50 pips but for much more than that.You can check my posts on EU thread, everybody was selling when i was buying.I am looking for market imbalance, when i find it i get onboard otherwise i wait for the next victim.
{quote} I am long GU from 30 April at 1.38 and EU AT 1.20 from Thursday and i am not changing my direction based on the wind
{quote} I am short from 1 4167 feb 24th 1 3970 & 1 3928 yesterday 1 3906 now, only risk is new trade 17 pips agree about picking direction, last months doji still in play, last 3 weeks have LH LL, daily is falling channel, whilst channel continues daily is bear, if channel breaks north right now would be an attack on 1 3948, under daily 4hr can see in daily channel, lower tf,s trading east going nowhere aka ping pong
{quote} I am long GU from 30 April at 1.38 and EU at 1.20 from Thursday and i am not changing my direction based on the wind
{quote} I'm short worth close to a million, I hope I don't get burnt because of your positive reinforcement. It's not that you are not right but my assumption might be different in terms of range and time period. Good luck to both of us
Am in profit on both pairs right now but i wait a strong drop in oil to get onboard around 62.6 {quote} I indentify the trading range of diff pairs since they move from a range to another ,from balance to imbalance, i ride the range back when they hit the imbalance, i am only clustering the volume and a few other things.I don't try to predict the market or fall in love with my positions.I will exit GU above 1.3975 -1.40 and EU above 1.21-1.21250.Right now am looking to buy oil at 62.6
{quote} good luck with that, do you have a do you have trades eu gu, with stoploss ?? eu monthly falling utl 5 candles. last week was inverted hammer, daily last thursday doji still in play, rising ltl she has pushed through and trending south, seems to be held by resistance 2071ish, 4hr she is @ top of new range 1 2071ish - 1 2000 under 4hr pinp pong
