DislikedH4 CS looks like a SHOOTING STAR at the RESISTANCE line... need a second Bearish CS to confirm it... but I already added another SHORT.
T.A.Y.O.R.
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This could take GBP/JPY with it?
Help needed in OANDA + users from Malaysia 105 replies
DislikedH4 CS looks like a SHOOTING STAR at the RESISTANCE line... need a second Bearish CS to confirm it... but I already added another SHORT.
T.A.Y.O.R.
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DislikedHow do you feel about the next couple of days with the dollar crosses? This GU chart gives me a little hesitation. We could have a clear direction tomorrow . Look at that support, Wow. What ya think of the long term picture?
This could take GBP/JPY with it?Ignored
Dislikedhey malaysia....!?!?!?..are you wake up!?!?!!?......what time is it in Malaysia now!?!?!?!?!?!?!?Ignored
DislikedI am following my TECHNICAL point of view for this SHORT. It reached the RESISTANCE of the TRIANGLE. I just shorted with tight SL... errr... not so tight though because 50pips SL. I consider it tight when lower than 30pips. If I am wrong... I'll lose whatever I had put at risk and review back the situation to make another entry. If I am right... the REWARD is HUGE. The R&R Ratio is very good if CABLE failed to penetrate the downtrend RESISTANCE.
Uncle KING did mentioned about the gloomy economy situation in the UK... and hesitant to hike the IR. Perhaps... he already saw the clear picture of what gonna happen next. I don't believe with just this Retail Sales data gonna turn things around and magically portray that UK is out of the crisis. I don't think REALITY strike yet.
Today bullish movement of CABLE caused by the surprising Retail Sales data... and then boosted by RED Philadelphia Fed Manufacturing Index... more to REFLECTIVE action. It did shoot up tremendously... but that doesn't mean it has changed the overall direction of BEARISH CABLE. On the longer TF... Downtrend resistance still valid.
On the US economy side... I am 50-50 about it... so many mixed data and rhetoric going on... it might be on the turning point to get better... OR... will get worsen after this
Looking at CABLE monthly Chart... clearly... CABLE still INDECISIVE. Could be another DOJI kind of CS by the end of this month.
T.A.M.O.R >>> Trading At My Own Risk
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DislikedYeah buddy, your completely right. this pair has been a devil, but offering many short term opportunities - which we love . Have a good night buddy and well chat tomorrowIgnored
DislikedYou or cable?
Seriously, cable is not moving today. No important news later either. Tight range all day long? How is your short position doing?Ignored