TheBramble
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Divergence on Cable looks set for a potential short. Which I am at 686. Stop 712 target 615.
Dunno about that...it's not moving as fast as I'd expect and given the lack of momentum, I've moved the stop to B/E.Good luck with it.
Divergence on Cable looks set for a potential short. Which I am at 686. Stop 712 target 615.
Colonel Coin's hopping mad with shorts on GBPJPY 237.10/20 on rumours Billy The whad's pumping and dumping his longs.
Risk, mark up to a new high. should be short lived. but see it trading off from here essentisally for the next 4/8 hours... +
Yes it was and yes it has rather. Don't normally take a short trade on a new 52wk High, but given the clarity of the divergence thought I’d ride that pullback before taking a refreshed Long. Didn’t work out and got a scratch trade for my efforts.Were you looking at the 5 min TF ?
Its now gone sideways for a little walkabout
A sideline day for many intraday boys & girls as you suggest.
Given expectations of a quarter to one-half percent cut, it’s going to have to be something quite unexpected to do anything other than continue the hit on the Dollar.
Any cut would in theory induce additional negative bias, but now, with expectations as above, if it’s less than one-half percent, it’ll be additionally negative.
Seems like a Tails you lose – Heads you don’t win day for the Dollar.
If it goes true to form (and if the above shot in the dark is anywhere close) Cable should take a quick dive to hook the unwary and then scream on up.
Have I got that right (a techie blindly stumbling through the fundamentals here… )
Quote of the day (so far) for me. Nice.If you listened to both sides of the argument, you’d never execute a trade – I always find it best to rein in your risk as these economic developments come into view, let them blow themselves around a while & hop on the reactions!
That way, you maintain your value whilst hedging your bets leading into the news, & play your hand when the scared or nervous money has been shaken out or liquidated prematurely.
Well, you would be, wouldn't you....I am going to be looking at wheat ,corn and soyerbean today