As it turned out...a straddle would have been fine...
However, I did get in the GBP on the 3rd second candle and made some wonderful profit
20 using 3 lots and 5 with 2 more lots.
Nice commerce.
DC
As it turned out...a straddle would have been fine...
However, I did get in the GBP on the 3rd second candle and made some wonderful profit
20 using 3 lots and 5 with 2 more lots.
Nice commerce.
DC
Straddle this one.... For 38
IBFX Widen 13pips, My brief struck -10
Complete: 28
The cable failed to breach the large right after the data that this time that the market will drop breaking the low at this time...
And now we go another 100 pips in the opposite direction!Originally Posted by ;
That might be what sparked it but I think the technical failure at the higher levels was also significant. If such a small thing causes such a decline it seems unlikely the Euro or pound are going much higher.Originally Posted by ;
Think about the egy and has anyone seen this in the past?
1st off the GBP had bad news come out in the overnight session and GBP fell 100 pips.
2nd big news for $ so maybe thats GBP didnt move farther down along with news makes it move in reverse direction, fine move it moved 60 pips
3rd then a bit later it moves back into wher it began before that US news ( full alteration) and holds for a bit
4rth it then breaks another 50 pips downward exactly the same direction as original GBP news
(GBP news should have been pretty significant)
The KEY is that the 3rd announcement it stalled at start of news with that big movement ahead, it does another movent together with the original GBP news !!
Has anyone seen this at all and may be a nice startegy if seen again?
I recall a few weeks back if the US was getting hit with bad news after bad news, yet it kept getting more powerful. Merlin kept making this clear. Could this be the start of the same trend? Is the market just looking for dollar power since it has been so feeble for a while?