Cable Update (GBPUSD)
Now can someone give a simple chart supporting a long term short setup? Keep it simple, I can't read those complicated christmas trees.
Wormboy when do you expect to hit this level? I've gone long @ 1.5052.
I honestly can't tell you when my friend. I do not use those extensive charting software where the timeline can be called on. You might want to ask the fellas who are using delta to help you on that one.
but personally, i'll take 5300 before nfp
Anybody? Plenty on here that are shorting this long term, you must have done your analysis?
Lots of traders fall in the trap of preconception. They wake up in the morning thinking about a bias, today we have had plenty of examples of people seeing this as a definite reversal. They open up their charts and keep throwing indy's and signals on it until the chart agrees with their view.
Hi!
I'm kind of waiting for todays close, because tomorrow is last day of the month and there will be some EU uk money flows which will probably move eur/gbp and i guess big guys are preparing for that, so i don't see new highs or anything significant till thursday. Let's see how everything will move tomorrow.
A lot of traders, especially newbies, get sucked in by what they read on this forum too. I'm not saying that the forum is bad, or that people shouldn't post their trades.....I'm suggesting that people decide on their plan, and if neccessary, write it down on paper and stick to it. If the plan needs amending, let it be because the pa suggests to them to make an amendment, rather than because someone, or even everyone is trading something different.
We each have our style and our our own MM (hopefully), and just because one person goes long and...
