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MarcinO
Rep: 67
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That drop looks done at 1.2450, optionally they may send it a bit lower on Monday before buying Cable again.
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MarcinO
Rep: 67
Posts: 5,506
It's the 28th so time to sum up ending month.
Excluding the first two days Cable spent February in 240 pips range. Just to give a reference value, let me say that median of daily range for the Pound, derived from the last 15 years of data, is 126 pips. Can you imagine? It needed the whole month two make a move, which statistically requires two average days ( I use median not average on purpose, as for strongly skewed distributions, and range is one of them (skewed to the right), median is way more representative than arithmetic average).
I cannot recall worse month since I have been trading the Pound.
Excluding the first two days Cable spent February in 240 pips range. Just to give a reference value, let me say that median of daily range for the Pound, derived from the last 15 years of data, is 126 pips. Can you imagine? It needed the whole month two make a move, which statistically requires two average days ( I use median not average on purpose, as for strongly skewed distributions, and range is one of them (skewed to the right), median is way more representative than arithmetic average).
I cannot recall worse month since I have been trading the Pound.
MA
MarcinO
Rep: 67
Posts: 5,506
Eventually, some volatility.
ABCD to 1.2220?
ABCD to 1.2220?
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albert
Rep: 99
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Broke even on GOGO. I stopped fighting the market and made a bit on EXEL. Nice rebound in the gap in the 0.618 - 0.786 fibo area after OPEN. Daily chart shows EXEL in Kane TD ABCD completing at 0.300 fibo.
Al
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Al
AL
albert
Rep: 99
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GOGO charts.
Al
Al
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MarcinO
Rep: 67
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Inverted cup and handle before the final blow into low 1.22's?
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albert
Rep: 99
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The EXEL rebound was not quite in the gap area, but slightly above it, and price rebounded at the 200. Sorry about that.
Al
Al
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MarcinO
Rep: 67
Posts: 5,506
European session, at least in case of Pound, is dead. We have Thursday, and there has been only one day so far with serious move before American open.
Right now March does not seem any better than extremely wothless February.
Just in case they start moving that sh!^^# currency pair, before dropping it to 1.2220 region they may send it up to 1.2360. But to be honest it is difficult to guess which way they will go. The whole day so far has been wasted on sideways games.
Right now March does not seem any better than extremely wothless February.
Just in case they start moving that sh!^^# currency pair, before dropping it to 1.2220 region they may send it up to 1.2360. But to be honest it is difficult to guess which way they will go. The whole day so far has been wasted on sideways games.
