More bearish divergence for the Cable… my sell limit has been triggered
Another search & destroy day on the cards?
One way of trading this a.m. might be to wait till closer to 9.00am when we might get a pullback ote areas in advance of German IFO numbers - if you are bullish that is. Personally my eye is on a GU pullback in the next hour. We have UK GDP at 9.30 am where if data are better than expected we could see a solid push up in GU particularly as EurGbp is close to the 85 res level, we’ve seen some heavy selling of the gbp recently and it stopped yesterday at good support. On the other hand I might have already missed the boat
Well I’m sticking to my Bear Cable, to me all the ingredients are there.
Two Bearish Div setups, right now the fiber is not making higher highs since LO but the cable is
Also look back to yesterdays New York high, fiber has made higher highs but the cable hasn’t…
OTE on the cable at the 79% now
Support become resistance on the cable… I’m trading what I’m seeing, not speculating on where it might go.
This will probably be my famous last words btw
I’ve never sat in on one, but I believe when Michael announces a Livestream, you had to website (register if not already done) and then you can post questions during the presentation and chat to other members.
I also believe you do not need to register to just watch the presentation.
If I’m wrong I’m sure someone will chime in.
Right on! At least you’re trading your plan! I’m keeping out of it for now…
Ha ha! What got you in at that level?
Fiber bearish Div has failed & I’m 15 pips in the red now lol!
For 6 months now I can’t get that Asian range indi to work. Oanda mt4 is NY time. I set the range for that. 19:00-3:00 but the line goes from 3:00 to 19:00 even when I switch spots. I can’t get it to highlight the correct time lol. Help?
That’s what I’ve been doing. It’s more of not being able to get that indicator to work :-D.
Yeh I haven’t mastered stoch div, well don’t use it at all… I’m back to breakeven now but have this feeling it’s building more steam to go north. News will be the catalyst either way.
LoL lyaJenkei i love that you took actual pic of your monitor and i even can see black iphon5 lol
I have the same problem Iya, I’m Oanda too so gave up & draw manually
It was easier than screenshot, paint, past, save, upload lol. Plus I like the babypips app it loads a lot faster. I just wish I could “like” comments.
When taking pics of your screen [B]ALWAYS[/B] wear clothes!
Psh I’d show this glorious chiseled work of art off…
& twys!!!
Wow I just cancelled my long at 1.5783. So I could go to bed. Made the right choice lol woulda been stopped out already.
Poor Cable taking a beating. Nice confluences for shorting around the 1.5820 level today (institutional + OTE zone + heavily bearish overall).
I’d be tempted to short the Fiber around the 1.3480 if we make it up there around NYO. Id be more interested in a Long should we retrace enough before NYO as Im still very bullish on the Fiber. It is Friday and I cant help but think some profit taking should occur, pushing price down…
I’ll probably wait until next week before getting back in again. Tricky week, but a good one nonetheless.
Yeah , they are doing the same as yesterday - buying the Euro and selling the pound, wait until they start to sell the dollar, then there could be real action.
Divergence on the stock indicies… could be the start of a nice turn…trying to find notes on what it/could signal…
Yes I noticed yesterday (& today) FXCM’s NAS 100 crashed while the SPX500 & UK100 were still heading north.
I’m new to FXCM’s MT4 so not sure if I’m looking @ the right charts…
So if stocks turn down this means the USD goes up?
Possibly the seasonal upswing for the USD?