were told patience is of essence in trading,well this trade on cable im on is testing the credibility of that word,having said that its not the ideal time .but last couple of days during london and newyork havnt really felt in the right mindset to bother.
hopefully i feel more invigorated and in tune tomorrow
regards
william
hi paulw,
yes you are probably right,my reason for that comment was i was shorting earlier to fill some jumps in price and 07 was my target,it reached 10 and reversed,not much volume at that time of day,once price has run away from it,im not looking for it now,but keep a log of these prices for longer trades .hope that makes some sense.
regards
william
Showing some resistance @ around 1.6380 now......could this be the pivot I'm waiting for???.........Think it might be once the US opening bell in 3 hours. EUR/USD is looking for reversal pretty soon I think.....touching 1.4500 now. Keep an eye on this one.
hi,late on parade today,i see there was a nice short earlier,of the hour range,the pound pairs are the only pairs showing weakness,although they are also in positive ,so im waiting to see if any strenght comes into sterling ,at this moment i am looking for long cable to bring it into sync,
pauwl,i would normally be looking to short especially as 1 hour close approached,as u said around 80 level,but there so much strength in general money flow towards longs ,im sitting out waiting to see if theres going to be a shift overall towards the downside
ps,i havnt seen any price jumps on either the eu or cable,its been very steady ,which indicates to me its solid at moment
