The WoRmHoLe

Just wanted to show you guys in case you hadn't seen it. We have a monthly low depicted by this hammer and there may be some truth to what Orion is saying. I figured it for a double bottom or maybe a higher low, but we will see here in the next few hours.

AJ

I was thinking with such a large range daily candle that it would not be the best time to buy right now...the close suggests a lower price will be met
If I look at any bearish daily similar ,the next days best long candle would be a harami which has a small range most work lower after such a candle.

cpl lo vol tests of the lo on 1h, maybe a good long for those not yet commited sl under last hr bar IN CABLE


have caved in on geppy shorts for now sqaured

Glad I paid attention to my signal and went long.

j

Buy EUR/JPY @ 125.30 with Stop @ 124.60 and T/P at 126.00

AJ

Sell Kiwi @ .4891 with stop @ .4991 and T/P @ .4791.

AJ

Trade at your own risk

I am an avid fan and reader of this forum

Well, pretty much the same for me really. Nothing's changed, bias remains bearish for me as I see no sign of major turnaround. I agree with Bones regarding the daily candle, taking a big risk buying into right after a near full bodied finish. Unless it's a small position. Could still be wrong thoush, but with my position still open & stops not taken out, I'll choose to just not do anything yet except take the trade.
However, I have my eyes fully on Dragon now.I was waiting for the daily & 6hrly finish & it seems the support level at the 136.xx area is containing this beast atm. With little movement in Asian session, I'm not one bit surprised tbh. The trendline on my 6hrly was already broken yesterday & I took the trade @137.22 [email protected].
And as usual my sl will be amended once price closes below 135.5 & will look to tighten as we near the 133.25 support. I will bail on the first sight if things get ugly
London will bring considerable movement, so I'll see you guys then.
Good luck!

cvcamper, welcome to the hole mate.

No sign of a bottom yet. More selling is expected while cable's below 3900 level. My sincere advise to new traders, short once the pullback is covered instead of going long the wrong way. Keep in mind that price has memory & chances are it'll do the same again. Here I insert the daily, compare to what happened before & decide. I am not suggesting anything. But assuming the trade goes bad for the former, the exit door is closer compared to the latter. Just a thought. I can still be wrong, nothing is certain in this business, except managing risk. So good luck

I am waiting for retracement ,I hope about 1.3920 ,and then I will short the heck out of it

The $ has pulled back a bit but the £ V weak...

GM - agreed - GBP weak and currently trading between 3850 and 3750 - so I'm short from 3850 looking for the 800 level as first target.

I am surprised that after a 550 pip fall since Friday, the bounce has so far not even made the 38% retrace at 3950.

IMO IF the dollar - aka swissy - cant hold above its 1.1500 level then cable will have a bigger retrace - I'm ready to reverse to long if I see swissy falling....

Okay my run has come to an end. Took 0.6 size for this run. so I'm satisfied with the result. No trade for cable atm for me. I have placed 0.2 size pending order @3950. Unless triggered, there'll be no further entry for me.
I have the beast to ride down this time around
Good luck everyone!

Good luck to youI been scalping the heck out of cable bored waiting for a move

Thanks sofia.
Yup, pretty easy picking those scalps. 20 - 30 pips each direction in that channel. But, you know me, never tempted with this sort of trade, unless I have absolutely nothing to shoot for. Atm I'm still trading the dragon, which is already a handful on its own! Lol
Anyway, good luck Sofia. See you ny session

Bump

The 1.3750 support zone and 76.8% retracement is holding atm..If the blue TL holds than the retracement at least to the red TL (1.4076 area) should be it limit before falling back to test the support zone and test the lows 1.3500.

IMHO

rgitt05 sounds good to me those level you mentioned. Pending order right up that alley.
Hey belekas, what's up!