Starting it off.

Al

Marcin,

I agree completely.

Al

Originally posted by MarcinO

Cable in its typical, for this year, behaviour. All day chop without without much decision concerning direction...
Total waste of time.

I lost a bit on the GBP.USD this morning, but I managed to cover my loss plus some on a CELG BUY near the OPEN.








Al :--)

No posts, guys. I am waiting till Cable finishes a correction, which at best will be 90 pips wide. The problem is, this correction started on Monday morning, and most likely will end tomorrow. So, the Pound needs three days to make a 90 pips move....

so, support at .618, resistance at .382 = 123.04, and there again today, at where 123.17 - 121.04 = .886 at 122.93

Up at 5:15 AM CST. Made a tiny trade shorting GBP. I would have done better had I entered earlier, around the price reversal at the 200. 5 min tf chart shows price reversal at 200, in area where I exited trade.

Cable, this week, is a piece of crap, apart from Wednesday's upside breakout. The rest is simply very low raneg chop with occasional short and unexpected move.

nem 60 - it's been strong in this wave, no question that it's up since mid november. Here is the bear side - this is all a wave 4 move up from 35.07, playing out as an abc, where c=a at 37.22. If it turns down here, 5=1 at 34.39