29Investments
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Trying a short here from 775 stop at 795
Offshore Trader
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Certainly seems to be struggling up here 29Inv. I am long on a breakout system trade at 78 but I'm not overly convinced. However the dollar is falling against most currencies this morning. Above 90 should see at least 9810.
Offshore Trader
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29 I One OT Nil. It would be nice if cable actually moved somewhere now though. A move down to 9715 area would be a start
29Investments
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29Investments said:
Reversed to long at 744
Stop 721
TP 763
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29Investments
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Offshore Trader said:
Wouldn't it be nice. Seems to have gone a bit rangy again eh. More of the same.......
Atilla
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29Investments said:
It's lacking conviction but just made a higher low and MAs merging together along with narrowing of BBs.
I'm still experiementing with these 1 - 3 - 5 and 10 min charts.
Very exciting...
I think markets obviously waiting for ECB decision...
SPX looks shakey... Likely to mean $ could strengthen...
Gold incredibly level at 677-80 levels for good couple of days now. Oil stuck at 62. Means $ can weaken further.
Doubt interest rates will be reduced in the US so still bullish on the long term.
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Offshore Trader
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29Investments said:
Unfortunately, in the European timezone we have had 5 months of rangy. I'll let you guys know when I'm changing to a range based method and then you can switch totrading breakouts
:cheesy:
Atilla
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Offshore Trader said:Unfortunately, in the European timezone we have had 5 months of rangy. I'll let you guys know when I'm changing to a range based method and then you can switch totrading breakouts
Euro looks like a sell to me. It is on an uptrend but some people are talking about a hold on rates until next month and some blurb. In which case I think the Euro might come off it's highs a little. I'm not in it though. and it's only an opinion...
Cable looks like moving sideways in its BB ( High - 1.9754 and low 1.9740 ) which effetively have become my long confirmation and SL for the exit.
Looks like in the right direction so far.
Crap Buddist
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Just quickly, they through proded through 746 yesterday, lofted up this AM, and and they be selling it so far . NIce day outside though, so Ive got a short bias but a bigger sunshine bias .
Atilla
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Crap Buddist said:
On the 4 hour charts it does look like a sell. Perhaps will be confirmed in the next couple of hours.
I think if SPX bounces $ will fall and Cable will rise. And vice er versa... On the whole I'm bullish given Gold and Oil.
Really, to a large extent I'm watching SPX, Gold & Oil as indicators for Cable.
(As well as the charts) But I sincerely feel these fundamentals will have greater impact imo.The Pearl Fisher
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Buying now @ 1.9755
TPF
TPF
The Pearl Fisher
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Atilla said:According to BB break out we should have a pull back to 1.9754 and then up again. Could this be the Bow and Arrow breakout... ?
SPX and Gold rising so I'm holding out for a few pips more...
Well that’s just my B***** luck. But hope your wrong on this one Atilla.
Woof
TPF
The Pearl Fisher
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The Pearl Fisher said:
closed @ 1.9754 (-1)
Im wrong... Woof
TPF
The Pearl Fisher
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One of those days it seems. Entry timing will be key today.
TPF
TPF
29Investments
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29Investments said:
Out at 763 and +50 pips - Thats me done for the day (new rule)
Good luck all
