Nikkei closes at a seven week high, and the Gulf states are challenging the dollar:
http://www.telegraph.co.uk/finance/e...-hegemony.html
http://www.telegraph.co.uk/finance/e...-hegemony.html
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DislikedThanks Islander, you're welcome. Good to hear from somebody with a similar approach.
Yes, one needs to check the Euro, but on average it pays to focus on cable, I think. Which I suppose is why you focus on it too? Another difference between the two is that one is more likely to get a chance to re-enter on a retracement with the Euro when trending.Ignored
DislikedDon't know if they're all worth reading, to be honest, but thanks for taking the time.
There is a point to moving averages of pivots, I think, as applied for example by Charles Drummond, and I would possibly use it to filter out bad trades if I traded the NY session. But I have heeded Aristotle's advice that "We are what we repeatedly do. Excellence, then, is not an act, but a habit." And my habit is to trade the London morning based on understanding of order flow, i.e. if I cannot anticipate order flow I don't enter trades. Better to stick...Ignored
DislikedGM - after seeing the double bottom off yesterdays low I joined you at 6250, but it seems as if The Frankfurters have other ideas....Ignored
DislikedGood Morning, yes stopped out on that one but re-entered at 1.6215. We'll see how it goes. An unexpected move, I must say, whereas the Euro has been better behaved.Ignored
DislikedAgreed - I also took a hit and have bought again at 6211
Euro's moved 12 pips since FO, cable 64....lets hope that this is just a pre rally stop sweepIgnored
DislikedI closed after the 6230 level held as resistance, now waiting for The BritsIgnored