@HDA:
Congrats my dear friend, TP hit! Very well done! I'm planning to long from somewhere in between 1.66 and 1.67, but the trend could have been reversed, so if that happens, I'd find it difficult for cable to reach 1.76. If you look at the weekly COT report, the big fishes are reducing their net long position, and at the same time, the retailers are longing cable! This didnt happen for a year or more. Anywyay that's your plan and I'm sure you'll do fine.
The following chart shows the retail positions ratio (taken from here):
https://media.dailyfx.com/illustrati...Picture_14.png
Congrats my dear friend, TP hit! Very well done! I'm planning to long from somewhere in between 1.66 and 1.67, but the trend could have been reversed, so if that happens, I'd find it difficult for cable to reach 1.76. If you look at the weekly COT report, the big fishes are reducing their net long position, and at the same time, the retailers are longing cable! This didnt happen for a year or more. Anywyay that's your plan and I'm sure you'll do fine.
The following chart shows the retail positions ratio (taken from here):
https://media.dailyfx.com/illustrati...Picture_14.png