Yep, watching 1.3550. Had it marked up on the chart from Sunday…
I would feel much better if cable would take yesterdays high…
Looking left on htf, 3540/50 is the next intermediate high after that there’s clear space with likely upside to 3675 and 3850 ish. However that doesnt really help intraday so I thinlk I’ll sit it out today on Fibre and wait till the FOMC this evening. If they indicate that they are not thinking of curbing their balance sheet expansion in any way shape or form I suspect the upside for EU is clear. On the other hand…
i would feel much better if it wouldn’t. i’m short 1.5761 
cable went right to the sweet spot. from asian range low to high…
Michael actually has a chance to get long. maybe he changed his mind. on the fiber. that big jump up was still technically asian range lol
If this keeps going down is anyone looking to go long on Fibre @1.3490?
That’s exactly what I’m looking for 
It would match very nice with a 10 pip fakeout under the 1.35 level, and hopefully we will see some divergence at that point too.
aw, come on! 
you have a different tp though. my first tp is 1.57325!!!
A question for all you scalpers, I’m short Cable @ 1.5760
Would you feel ok, going long in Fibre at the same time?
I’m only risking 0.5% per scalp (as I’m just getting used to it) so plenty of risk left to put in.
Well, if the fiber makes it down to that 1.3490 level and you decide to go long there, I would close my cable short. The fiber and cable are supposed to move in roughly the same direction, so if you are hoping to catch a nice move up on the fiber, the cable ought to move in the same direction…
But that would just be my personal preference I only trade the fiber…
i have to disagree. fiber and cable correlation is pretty much out of wack lately. i think these are “unusual” market conditions and it is feasible to go long fiber and short cable at the same time. just keep in mind that you are basically trading eur/gbp then (if your position sizes match)
balls to it, i’ve taken 1st profit, dumped a trailing stop on the cable open positions and put in a limit order on Fibre.
I’ll have a look at lunch, and see what that’s cost me.
akea, do you adjust your sl on your leftover cable short now? BE? or keep it where it is? this area of adjusting stops is still a hurdle for me.
I think this is going to be my problem with intraday trades, there’s nearly always something happening. In one direction or another (and often both)
have a reload at 3505. now watching pa around 3500, and top of AR, would like it to maintain support
you’re taking counter-trend, gotta be nimble
I think this ultimately depends on the type of trader you are… As I’ve said before, Im a short term trader, trying to catch the daily move (or at least most of it).
I dont normally trade Cable, but I got in this morning at 1.5765, 15 pip SL (above yesterdays highs - high of the week???). 50% off @ 30 pips, stops to BE. I’ve been paid, so if Im stopped out, Im not worried. Holding for 1.5700/10 ulitmately should we make it down that far (below that swing point on the 15M).
wow, you’re aggressive on this one. i did not take that trade!! 
what is your rational behind that trade?
looked at that too, falls onto a 62 fib retrace on the large swing, watching for long there if it makes it
I’d be nervous doing that, there’s plenty of bullish divergence for the fiber no?