i dont know if it will get back to 1.6429 might get to 450 not much retrace on the 1 min thats were i will short asol 1 waiting below 400 if it goes again looking at it ,it is just resting but thats me dont forget the disclaimer
Cable Update (GBPUSD)
- #357,964
- Jan 10, 2014 3:48am Jan 10, 2014 3:48am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #357,966
- Jan 10, 2014 3:51am Jan 10, 2014 3:51am
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
{quote} I would say be careful, cos this thing was heavily bought around 1.6410/20.
true but seen the rejection a lot of times in this week at that level. So imo a dive to recent low which is below 1.635 is possible. Anyways who knows! All the best!
- #357,967
- Jan 10, 2014 3:51am Jan 10, 2014 3:51am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #357,968
- Jan 10, 2014 3:52am Jan 10, 2014 3:52am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote}good job my friend
- #357,971
- Jan 10, 2014 4:01am Jan 10, 2014 4:01am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
{quote} You will all laugh but we can see 1.6550 today. Watch NFP...
Unemployment Rate 6.8 or 6.9%
NFP 230-240
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #357,974
- Jan 10, 2014 4:20am Jan 10, 2014 4:20am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Take a look at 9th October when UK Industrial Production printed -1.1%
We had a down day reaction to the news and then it was up again from there.
My point is that Cable is still structurally bullish. Even if sentiment is bearish, until we see cable structurally bearish, the game remains to buy the dips at strong support. That way if you screw up, the structural trend will save your ass.
What will really count now is the market reaction to NFP... and that's why I am flat till Monday.
G/U Daily
We had a down day reaction to the news and then it was up again from there.
My point is that Cable is still structurally bullish. Even if sentiment is bearish, until we see cable structurally bearish, the game remains to buy the dips at strong support. That way if you screw up, the structural trend will save your ass.
What will really count now is the market reaction to NFP... and that's why I am flat till Monday.
G/U Daily
Those who say it cannot be done should not interrupt those who are doing it
- #357,977
- Jan 10, 2014 4:29am Jan 10, 2014 4:29am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
{quote} might see some consolidating for a while as they regroup watch for the break lower on the 1 min
- #357,979
- Jan 10, 2014 4:37am Jan 10, 2014 4:37am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #357,980
- Jan 10, 2014 4:39am Jan 10, 2014 4:39am
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat