I really don't know if trading Cable's techinicals make any sense. GJ is calling the shots. Not even Euro is dragging Cable anymore, see what happened during NFP.
Question now is risk apetite caming back is GJ up. If Euro is going down, the Cable will stall within this 100 pips range no matter what technicals say.
If something harsh is coming up with with the Equity Market - as some says - then GJ is going down. Euro going down would accelerate Cable down the hole, no matter what techincals say.
Either way, I'm not trading Cable until cleared of this range. I thought about start longing Cable and add to the inventory at every 50 pips down and collect the profit on the way up.
But this is now way too risky, with the yen carries volatility. And go on trying to catch the daily direction is costing everybody here a lot, unless you're scalping for 5 pips. Euro is going more or less independent of this whole mess... Less volatile but yet less crazy... May provide a few bucks during tough days...
Question now is risk apetite caming back is GJ up. If Euro is going down, the Cable will stall within this 100 pips range no matter what technicals say.
If something harsh is coming up with with the Equity Market - as some says - then GJ is going down. Euro going down would accelerate Cable down the hole, no matter what techincals say.
Either way, I'm not trading Cable until cleared of this range. I thought about start longing Cable and add to the inventory at every 50 pips down and collect the profit on the way up.
But this is now way too risky, with the yen carries volatility. And go on trying to catch the daily direction is costing everybody here a lot, unless you're scalping for 5 pips. Euro is going more or less independent of this whole mess... Less volatile but yet less crazy... May provide a few bucks during tough days...
