Its really a bit funny how you go against the trend everyday with your analysis and then lose all your trades it seems. I am fully in for more UP now, at least 50 pips... Liquidity is so thin, it just needs a few more buyers and it will SHOOT UP again. And the odds are high since now 53% are for STAY.
{quote} Its really a bit funny how you go against the trend everyday with your analysis and then lose all your trades it seems. I am fully in for more UP now, at least 50 pips... Liquidity is so thin, it just needs a few more buyers and it will SHOOT UP again. And the odds are high since now 53% are for STAY.
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Morning
Thank you for the comment
It depends how you read the market, to say which way the trend is.
For that reason I have a sell at 153.37 when London opens, cause I feel they will go down with a force if they break the 100pip mark u from daily pivot. I have a 19 pp stop, so the RR is 1 to 5. That to me is acceptable odds.
For that reason I have a sell at 153.37 when London opens, cause I feel they will go down with a force if they break the 100pip mark u from daily pivot. I have a 19 pp stop, so the RR is 1 to 5. That to me is acceptable odds.
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Wasted 19 pips in my opinion, I see a huge up-spike coming at London open.
Update: and there it was already, I am out, +40 pips from 153.50 to 153.90
This wants to spike up more from here, just monitor the tick chart... pressure of buyers is extreme right now, just will break shortly to the upside in my opinion
cable has monthly R1 here at 1.4730. So I expect this hour to close above it, which is also the 3hr close, then we have a reveal setup perhaps.
This could coincide with GBPJPY closing the hour above Day R1
This wants to spike up more from here, just monitor the tick chart... pressure of buyers is extreme right now, just will break shortly to the upside in my opinion
This wants to spike up more from here, just monitor the tick chart... pressure of buyers is extreme right now, just will break shortly to the upside in my opinion
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Remember, Tuesdays Bias is towards the weekly pivot
Tick chart just shows price movement. Forex price movement is not at all similar to that of stocks. When more people by a stock, then the value goes up, so the price goes up. Forex price indication is just that set by the originator.
If say Deuche Bank gets an order to launder some money, say on cable, say at a price of 1.4700. When London opens, price is above the 4700, so the originator will mark price in such a way as to keep us broke.
Now, how many Forex books and courses tell you to buy at the break of the high. Ok, so many people should be long cable from 1.4729ish at the moment right. Yes, sometimes it ans out out, sometimes it does not. Which is why this is such an exciting game to play.
There is no typical movement today nor this week, its "Brexit week", just watch the order books and follow the flow, no need for any charts right now really.
There is no typical movement today nor this week, its "Brexit week", just watch the order books and follow the flow, no need for any charts right now really.
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Could you share where I can see the order books please?
And on Brexit. The UK public is under the impression that they get to "vote" so to speak. Their vote is not going to count for anything.
The migration last year was planned, in order to get more people into Europe. When the war starts later, Europe now has millions more soldiers.
The euro will loose value at a phenomenal rate, so will the dollar. Why? Because both those currencies, have more debt attached to it than in nay time during the history of mankind.
So what has this to do with Brexit? Well, if euro and dollar fails, then one currency will rule them all.The pound.
And who owns the pound, prince William will next month.
If it can move up to close this hour above 154.14, then it's be a better sell at 154.07
Or if this hour can close above 153.69 then a better sell at 153.61
There is no typical movement today nor this week, its "Brexit week", just watch the order books and follow the flow, no need for any charts right now really.
Closed +30 again...
