Cable Update (GBPUSD)
Ahh, that 10:1 stuff is the drop that made my bucket overflow.
Already eliminated my US trading account and moved to an UK based one, now all options are again available that I had to omit before.
What is wrong with the Americans, do they REALLY think they own the world while not even being able to manage their own problems?
seems like price is trying to go backz to pivot point of 1.61670 or somewhere lower there...
thenz might start to drop back downz...
Ahh, that 10:1 stuff is the drop that made my bucket overflow.
Already eliminated my US trading account and moved to an UK based one, now all options are again available that I had to omit before.
What is wrong with the Americans, do they REALLY think they own the world while not even being able to manage their own problems?
) destroy everything because we love movement..., stronger or weaker a currency if it is happen too 'fast' (many trader call it, 'divergent', or 'some thing' unbalance) than it's just a same word to that country, 'disaster'....,
Attachment I have a few longs open due to reasons on the chart, stops are just placed at break even, if it breaks down my trading plan is also on the chart, cheers and good pips to all
Interesting your charts..thnx.
are you sure you are not just seeing the bottom of a bearish flag?
No matter what I think, the charts do not siganl a long trade here, so I will look for another short.....maybe I shold quit while I am a head
Here is my thinking..
Assume that the main trend from 6879 down to 5828..
If the whole body closed daily candle above fib 50 = 6353 it will be consider trend change to upward..
If the whole body closed daily candle below fib 23.6 = 6076 it will be consider downtrend will continue..
Otherwise price will be trapped between those two fibos..
Attachment
going short now for a quick scalp!
