GBP/USD trading

[nik1033]

Quote from Spectre2007:

data will be tame

Yeah

 

[Spectre2007]

Was hoping the tame data would fill my entry points. Lets see.

 

[nik1033]

Quote from Spectre2007:

Was hoping the tame data would fill my entry points. Lets see.

It is not the fact that cable will move higher...Still waiting for the entry signal

 

[Spectre2007]

Momo building to downside. Going to step out of the way of the train and put better levels for entries.

 

[nik1033]

Short it to catch retracement at 1.9650.

GL & GT

 

[Spectre2007]

The key is US inflation numbers will close out the week, so Europeans and funds will postion in dollar bearish positions after running some dollar bear stops.

Then when US numbers come out, and they will be tame also. Bond market will rally as will stock market. And US dollar will get killed preserving the upward weekly bias to GBP and EUR.

 

[Spectre2007]

Long GBP and EUR executed.

 

[nik1033]

Quote from nik1033:

Short it to catch retracement at 1.9650.

GL & GT

My system to show short signal for tomorrow...1.9670 DOUBLED SHORT!!!

 

[Jon Reed]

Quote from nik1033:

My system to show short signal for tomorrow...1.9670 DOUBLED SHORT!!!

Yup, I think the drop is beginning, just had a huge pitfall in EUR/USD and GBP/USD.

 

[nik1033]

Quote from nik1033:

Seems will start the week with retrace to 1.9520!

GL & GT

Seems will touch the target of retracement tomorrow!

GL & GT