Possible divergence building here, if we can hold the 4950 level through US open and 3Pm news we may be on our way back up.
did anyone buy into the market after the drop?
Would have been better spot if i traded
Just got in as i saw it, there was some nice support at that level but hand no lines in so heh ho.
I bought in 4958, exited +40
Rarely trade ftse, but august high was 4950 and with S2 there the risk/reward was good when I got the signal.
Nice Trade.
Where are you with Cable now, Chelski?
Rightly or wrongly I've chosen eurodollar for the longer trade today. I've been waiting post NFP to place a short trade - wanted to see the daily S1 @ 14634 hold and price move past the 61.8% retrace @ 14630 (that's the retrace from June 2008 swing high and 31 October 08 low) .
Entry would be on a pullback on a lower TF to the low of last week - 14,610. I'm short now from 14,598.
Must admit, the divergence you pointed out gave me the extra confidence boost to go for it!![]()
Where are you with Cable now, Chelski?
Rightly or wrongly I've chosen eurodollar for the longer trade today. I've been waiting post NFP to place a short trade - wanted to see the daily S1 @ 14634 hold and price move past the 61.8% retrace @ 14630 (that's the retrace from June 2008 swing high and 31 October 08 low) .
Entry would be on a pullback on a lower TF to the low of last week - 14,610. I'm short now from 14,598.