longs between 1.9700 and 1.9760 looks good to me. ill turn my position if 1.9700 is broken with momentum.
if it goes down there!?
if it goes down there!?
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Dislikedexperts and pros such as myslf are never on our toes. having said that, where is a good place to set stoploss for a long @ 9792 for this pair?Ignored
DislikedI would say if comes down to 785 it's likely to continue on with a down trend. I prefer very tight stops, you could add a few pips to that.Ignored
Dislikedokay. i'll look into both of your suggestions. both look good at the moment.Ignored
DislikedIt's always risky calling reversals, which is why I try to limit my exposer. If I lose 10 pips it's normally not a big deal. It's only 10 pips.
generally what I'll do with this next dip if it doesn't breach 790 is..to continue up, if not I exit.Ignored
DislikedRight now it's still testing support at 1.9790 and I feel if it breaks that, then it's straight to 1.9700 in the next few days.
Where am I wrong/right?Ignored
DislikedCable is in a nice downtrend ever since it hit the 2.0130 area (check out daily chart). It's now fallen back into that downward channel since that big news spike last week.
I just closed a long trade from 1.9820 to 1.9880 last night because I saw bullish divergence about a week ago. But after a week of holding that trade I see the bears are keeping the Cable in check. This morning (PST) I saw it testing support at 1.9790 so I'm now:
1) short at 1.9810;
2) expecting it to break through support at 1.9790 and continue on to its 100 SMA on the daily chart around 1.9700 for my profit take;
3) my stop loss is at 1.9850.
Right now it's still testing support at 1.9790 and I feel if it breaks that, then it's straight to 1.9700 in the next few days.
Where am I wrong/right?Ignored
Dislikedi have the feeling, downward breaking is getting close to us.
Do set your profit taking point too close....may be around 150 pips
i am short on 9813 as well.Ignored