MA
MarcinO
Rep: 67
Posts: 5,506
Starting it off. I hope that with interest rate decision in USA and UK this week we will see some nice move. The last five weeks were just terrible.
MA
MarcinO
Rep: 67
Posts: 5,506
These guys are evil. They waited with a nice smooth move till overnight and ended it an hour before London opens.
1.2215 and 1.2195 are my levels for current bullish correction. There is some support below 1.2240, but I treat it as a minor area for now.
1.2215 and 1.2195 are my levels for current bullish correction. There is some support below 1.2240, but I treat it as a minor area for now.
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MA
MarcinO
Rep: 67
Posts: 5,506
All the prices are June contract basis, trading 28 pips higher than spot FX.
MA
MarcinO
Rep: 67
Posts: 5,506
40 pips drop so far. Quite a volatility as for Monday morning, I hope it will stay with us for some time.
AL
albert
Rep: 99
Posts: 3,094
MTN has interesting 1.272*AB=CD on price drop to ML.
Al
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Al
MA
MarcinO
Rep: 67
Posts: 5,506
Looks like this area worked. My next levels to the upside are 1.2210, 30 and 50-60.
MA
MarcinO
Rep: 67
Posts: 5,506
Just an interesting observation. Usually the moves in Cable start between 2 and 3 AM EST, where 2 is an hour before London opens. This is quite similar to American session starting at 9:30 EST, during which real moves can start as early as at 8:30. Earlier moves are rather rare.
This week and next one are different due to daily savelight time change, which has already taken place in USA, but in Europe we will adjust it in two weeks.
As a result 2 AM EST is 2 hours before London open, so one should expect the moves to start at 3 AM EST. However, today and yesterday all the moves started at 2 AM, which means that algos controlling early European session are synchronized to American time. Quite surprising and means I have to wake up earlier for the next two weeks.
This week and next one are different due to daily savelight time change, which has already taken place in USA, but in Europe we will adjust it in two weeks.
As a result 2 AM EST is 2 hours before London open, so one should expect the moves to start at 3 AM EST. However, today and yesterday all the moves started at 2 AM, which means that algos controlling early European session are synchronized to American time. Quite surprising and means I have to wake up earlier for the next two weeks.
MA
MarcinO
Rep: 67
Posts: 5,506
They dropped it further, though. At least there is some volatility.
Originally posted by MarcinO
Looks like this area worked. My next levels to the upside are 1.2210, 30 and 50-60.
MA
MarcinO
Rep: 67
Posts: 5,506
They did it again! Third day in a row, at 2 AM EST sharp nice, smooth move started, providing very good trading opportunity.
Originally posted by MarcinO
Just an interesting observation. Usually the moves in Cable start between 2 and 3 AM EST, where 2 is an hour before London opens. This is quite similar to American session starting at 9:30 EST, during which real moves can start as early as at 8:30. Earlier moves are rather rare.
This week and next one are different due to daily savelight time change, which has already taken place in USA, but in Europe we will adjust it in two weeks.
As a result 2 AM EST is 2 hours before London open, so one should expect the moves to start at 3 AM EST. However, today and yesterday all the moves started at 2 AM, which means that algos controlling early European session are synchronized to American time. Quite surprising and means I have to wake up earlier for the next two weeks.