Cable is unable to break his daily pivot @ 1.9867 from morning. Only Bernanke can push him upwards today
Fx, it would be interesting to hear how you calculate your edges?
Fx, it would be interesting to hear how you calculate your edges?
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DislikedCable is unable to break his daily pivot @ 1.9867 from morning. Only Bernanke can push him upwards today
Fx, it would be interesting to hear how you calculate your edges?Ignored
DislikedMorning,
what ideas for today Fx?
I see triangle is almost finished, so today should be very intensive day.Ignored
DislikedSo far cable isn't going up for sure.
Really strong support is at 1.9727. But todays news for UK was much better than forecasted, so we have a possibility to leave rates as is.Ignored
DislikedChaos for today = bullish
Before this market moved, the analysis was not different
from yesterday's chart which I repeated here.
So I will be looking for a buy back to 1. 9830. If I will trade it.
Options:
1. Buy back into 9830, and up to upper edge
2. failure to break above 9830 reverse back to sell down to 9747Ignored
DislikedToday's Chaos = Bullish
See graph below for plan of action.
Preference:
I would have preferrred to buy from lower edge to upper edge
but market opened at the middle. or I will wait for it to come back to 9893 and buy up to upper edge
If it failed to return back, buy above 9979 to upper edge of chaos.
Alternative Plan B
If it failed to move above 9979, sell back:
first to 9893, and then to lower edge 9771.
Alternative Plan C
Then Buy back from there to upper edge.
Trade with care.Ignored
DislikedChaos Outlook = Bullish
Today's is NFP fundamental and this may change the outlook after the announcements. Before then, below graph and analysis shows my plan if
I will have to trade it.
Depending on London openings
1. I will buy from above the yellow lines to upper edge of chaos.
And sell back from there before the NFP data if ever it gets there.
Alternative plan
1. Sell below the yellow lines to lower edge of chaos before the NFP data if ever it gets there, and buy back from there to upper edge after NFP.
Analysis is based on conditions of London open.
I collected 18pips from buy before. If I were to be on buy now I would remain on it with appropriate stoploss it after London opens .
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Risk: analysis is for own use, may work or may not work for you depending on how you manage your trade and amount you risked.Ignored
DislikedChaos general outlook = Bullish
Preferred entry = lower edge of chaos to upper edge.
alternatives
1. Sell from 2.0175 to 2.0150, and then to lower edge
if 2.0150 is broken.
2. Buy back from lower edge.
Plan B:
1 Buy from 2.0150 to 2.0200, and up to upper edgeIgnored
DislikedMarket outlook = bearish
However, initial condition looking bullish
Plans are shown in the graph below
1. Above 2.0111 = buy to upper edge
2. Below 2.0111 = sell, wait for a break below 2.0040
failure means buy to upper edge
If it breaks it, continue to sell below 2.0040Ignored
DislikedI am content with performance on GBP/USD which is a hard one to crack. Now time to face oil and gasIgnored