If you’re trading today and tomorrow and want to keep in touch with other people who are trading, feel free to use this thread to do that.
Have a marvelous weekend and I’ll see you at Monday’s WLW.
Be good to you!
Trifffany
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
You can contact her at Triffany(at)Triffx.com
Triff, maybe I misunderstood you regarding the GBPUSD. I thought you were shorting at slightly higher levels from Mondays levels. Apparently you were thinking of buying up to 1.538 / 1.54 and shorting from there…….. right? The 4 hour box has broken out on the upside, MACD is rising. A 200% fibo from the box top takes us up to 1.541 The descending TL on the Daily (my read) would bring the GU to roughly 1.547………. so you would be long until 1.541 / 1.547………. is that correct?
I was long already when I mentioned it yesterday. I haven’t added anything. I wasn’t expecting it to go so high either, but with Friday being a day to close out positions, I’m going to hold onto my tiny little position and see what happens.
I love the advantage of itty bitty positions!!
I hope that clears it up.
I forgot to mention that all of these positive manufacturing reports that have come out in the last month (again) should be a precursor to good USD GDP. Which would be a suprise to the positive side since the market is pricing in negative news. That would be a huge dollar booster.
is anyone watching the GBPJPY for a short? Like to hear from you
The signal is there now for a short, on the 1h. I like that it made it’s first dive for the 800sma and then its deep pullback, looks ready to head back, doesn’t it?