Starting it off.
Al
MA
MarcinO
Rep: 67
Posts: 5,506
As expected, Cable hit 1.3610 (it needed only 24 hours to make 70 pips....) and starded supposed wave 2. Waiting to go long again.
Originally posted by MarcinO
I thought that Pound (6B H18) would make it easily to 1.3610-20 today but volatility still remains very low. Right now, my best timing factor for this level is tomorrow around 3 AM EST (London open). Than I wouldn't be surprised to see a correction to 1.3550's before the next leg up.
MA
MarcinO
Rep: 67
Posts: 5,506
It dropped to 55 and gave reaction. Let's see if upward move sustains Nonfarm Payroll data release at 8:30 EST.
MA
MarcinO
Rep: 67
Posts: 5,506
Good to know that you still visit the forum, Duane.
Do I remember correctly, that you also trade gold, apart from currencies? I am asking, as due to prolonged low volatility in the Pound, I am looking for another market to trade. Looking at charts, gold seemed quite harmonic, seemingly easy to learn. But I would like to learn your opinion, too.
Do I remember correctly, that you also trade gold, apart from currencies? I am asking, as due to prolonged low volatility in the Pound, I am looking for another market to trade. Looking at charts, gold seemed quite harmonic, seemingly easy to learn. But I would like to learn your opinion, too.
Originally posted by Duane
Great charts guys, thanks for posting!
MA
MarcinO
Rep: 67
Posts: 5,506
Nice jump on data. My 'target' (we all know that KT methodology does not include targets, just areas of concern, where one may think of closing a position if price gets there and starts to reverse) levels are 1.3660-70 and 1.3690.
Originally posted by MarcinO
It dropped to 55 and gave reaction. Let's see if upward move sustains Nonfarm Payroll data release at 8:30 EST.