My "forecast models" identify what I call "statistical support" at 1.2398, and then a more extreme level at 1.2309. Given that the Cable-U.S. dollar has yet to drop to either of those levels, I have to assume there is a 50/50 chance the pair will reverse course and turn the tables on me. Nonetheless, with price appearing to be bouncing off the central tendency of a still bullish four-day price flow, I have no choice but to buy the pair at this juncture...
FX Trading - Highway
- Thread starter TVIS
- Start date
As a day trader, my goal is to walk away from each and every 24-hour market cycle with a profit, having taken advantage of multiple opportunities whenever and wherever they happened to have presented themselves. Accordingly, when I woke up shortly before 4:00 AM Pacific Time to discover that GBPUSD had spent a couple of hours taking back some of my gains, I adjusted my levels and then went ahead and exited my position, satisfied with having pocketed about 32 pips worth of profit...
Target is not that far away with news ahead.
I never saw a response to this question, but whatever the method, it appears to have encouraged TVIS to attempt to sell an asset that is rising in price.
CAD clobbered USD friday omg almost 1.5% loss to the greenback for the loonie.
You're right. But I'm not trying to profit from in one day.
i guess im the only one left who thinks Fed will raise .25