Hi Traders of all around the world, good morning here in US, I thank GOD that all my shorts have been done overnight as I had a believe that UK manfacturing PMI news would come out in red but when it came out I was in sleep and my PT levels are as usual high but I am glad that I won the battle of Shorts that I was holding between Wednesday and Friday Sessions and I think Shorts are over for today session for G/U.
My oberservation for US session is since in the first part of London, the pair has performed a lower-lower level (1.9734) so it has to perform higher-higher level or at least lower-higher level. And if it will be performed higher-higher level which means non-manufacturning news could come out in red so the pair might sit at 2.0050+ level by COB Today. And if that happpens then during the next four weeks the Cable range could be in this range: 1.95-2.04 that is my observation, will see what happens...
And now whether I will enter into the market or not. I have already won the battle of Shorts and now I will see the news with my naked eye at 7:30 Eastern time and if I understand the news, I will enter into the market otherwise I will move my focus on Stocks (DJIA levels) because if the news would come out in red then DJIA could be in danger I mean during the whole day it would be in 200-300 negative points range and that is the best day to buy the stocks right gentlemen!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
My anticipation about the news would come out in red worse than expected as I have researched about the last news on July 3rd, DJIA had a record hit on July 3rd after this news came out -62 K (-64K) was expected so this time I am thinking that could be opposite as Cable has already performed a lower top due to its bad news through out the week.....
My oberservation for US session is since in the first part of London, the pair has performed a lower-lower level (1.9734) so it has to perform higher-higher level or at least lower-higher level. And if it will be performed higher-higher level which means non-manufacturning news could come out in red so the pair might sit at 2.0050+ level by COB Today. And if that happpens then during the next four weeks the Cable range could be in this range: 1.95-2.04 that is my observation, will see what happens...
And now whether I will enter into the market or not. I have already won the battle of Shorts and now I will see the news with my naked eye at 7:30 Eastern time and if I understand the news, I will enter into the market otherwise I will move my focus on Stocks (DJIA levels) because if the news would come out in red then DJIA could be in danger I mean during the whole day it would be in 200-300 negative points range and that is the best day to buy the stocks right gentlemen!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
My anticipation about the news would come out in red worse than expected as I have researched about the last news on July 3rd, DJIA had a record hit on July 3rd after this news came out -62 K (-64K) was expected so this time I am thinking that could be opposite as Cable has already performed a lower top due to its bad news through out the week.....
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