Starting it off.
Al
DU
Duane
Rep: 100
Posts: 1,095
Thanks Marcin, do you think that we will make new lows before new highs? so far outside reversal week.
MA
MarcinO
Rep: 67
Posts: 5,506
I think, we may expect a serious correction to current upside move, but no new lows.
From daily/weekly chart perspective, right now I wouldn't count on Cable falling below 1.22, which of course means a huge, few-weeks long correction.
From daily/weekly chart perspective, right now I wouldn't count on Cable falling below 1.22, which of course means a huge, few-weeks long correction.
Originally posted by Duane
Thanks Marcin, do you think that we will make new lows before new highs? so far outside reversal week.
MA
MarcinO
Rep: 67
Posts: 5,506
Bearish correction looks done. Maybe one more impulse to this level, but generally Cable is looking down.
Click image for original size
AL
albert
Rep: 99
Posts: 3,094
Originally posted by Duane
When you are ready for sure, however no sim trading can replace the real market psychology. The market will there when you are ready, just saying that you have made progress. Good trading !
Duane,
Thanks for the input. I agree completely. BTW, I do have some skin in the game. :--)
Al
MA
MarcinO
Rep: 67
Posts: 5,506
I will place charts later, but if the Cable continues downwards, 1.3070-85 and 1.2960-70 are my next areas.
MA
MarcinO
Rep: 67
Posts: 5,506
And it's dropping off of the area posted in the morning.
Charts for the areas mentioned above.
Charts for the areas mentioned above.
Click image for original size
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
They are playing around with obvious TL at 1.31.
My guess is they will break it soon.
My guess is they will break it soon.
MA
MarcinO
Rep: 67
Posts: 5,506
And so they did.
Testing 1.3060 now.
Testing 1.3060 now.
Originally posted by MarcinO
They are playing around with obvious TL at 1.31.
My guess is they will break it soon.
