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- edindzeko replied Jan 30, 2014
61.8 of recent drop, not a bad spot to take a shot from RR perspective
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
Wanna know what I did yesterday? I had open a short on 1.27 @ 6584, held it until yesterday and bailed at BE right around FOMC.
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
I am upward bias, just not trading this in between zone. Its end of the month, end of week, etc. I'll look to get long at 6390. Until then I'm indifferent really
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
Waiting for 6390 for new longs, shorts likely to control rest of week.
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
Tend to agree, thats about where i close my long.
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
It can go sidways a bit longer but I think we take a new high in Q1. people wanna be bearish before this high. If cable takes a new high the bears come out again. Trading reversals works but why be a hero and call top in this market.
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
It depends how you label it. Elliott wave won't give you direction it can just describe the movements. IF you gave 1 chart to 20 wavers they'd all label it different. To me, I'm not gonna label against the trend so I've got wave B ending at 1.3500. ...
EURUSD
- edindzeko replied Jan 30, 2014
I'm in but gonna TP if we see 6520 and wait again lower. Would buy again at 6390.
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
I'm with you. I think this 5 year range can give up the same way all the bears are saying this bull TL is giving up.
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
JPY giving good discount these days. January was a shakeout month imho, see where we are in 1-2 weeks, i think market much clearer.
Cable Update (GBPUSD)
- edindzeko replied Jan 30, 2014
Like the setup, should at least get a bounce but I see bears possibly taking over again next 24hr. Next week should be different story though.
Cable Update (GBPUSD)
- edindzeko replied Jan 29, 2014
15% a month is pretty solid man if you dont have a lot of drawdown and stay consistent
Cable Update (GBPUSD)
- edindzeko replied Jan 29, 2014
Then dont trade but I see a bull flag in an upward trending pair...
EURUSD
- edindzeko replied Jan 29, 2014
Polar analysis, pretty cool. Any details where to learn about it?
EURUSD