Cable Update (GBPUSD)
back to 5140...london bridge is falling down falling down falling down.....
I hope you dont make any losses mate and do meet your targets, I can understand the stress you are probably going through.. last week I shorted crude as that is what I trade more than currencies ...I shorted crude at 56 and when it went to 59 I got caught with me pants down....that was a very bad hit I had but..This week so far have been in recovery mode....
Even I would love to see the 1.4950 range again...just to add long but will we see it...
Questions:
When will we se 890 on s&P below 8000 on Dow.....
Because it seems like we are following...
lets wait and see...no stress here...
i have experienced more than this one before and can make beautifull escape without loss
Wait until the dust settles is what I do. But you could read this http://www.forexfactory.com/showthread.php?t=10982 and apply it to trade balance. Look back at previous results by selecting detail on the FF calendar. To trade the spike you need a feed from someone like Trade the News.com, because other sources including FF are too slow but often brokers increase spreads so that it's difficult or impossible to trade anyway. Look at April's results. There was a spike but many more pips to be made off the return to trend.
Sure....I am seeing 1.5500 by Friday right now .....so lets see how the longs play out....buying on retracement seems the way forward..getting more and more unsure about retracement...hmmmm didnt expect such a big move in one day from cable to be honest.... above daily range now andything could happen
lets wait and see...no stress here...
i have experienced more than this one before and can make beautifull escape without loss
Why your crystal ball don't show -------1.60 maybe even 1.90?
