Textbook quotReversal Dayquot for GBPUSD - Page 2
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Thread: Textbook quotReversal Dayquot for GBPUSD

  1. #11
    Yesterday after midnight obtained 29 pip profit on 1/4 of place and corrected SL on whole trade to break even. Was stopped at rest out of trade . Today after 10 am report, took short again at 1.9101. I believe the reversal pattern along with the pin continue to be valid. If available though, will require some profit in the event you be well worth it now, expecting a huge move way tomorrow since tomorrow's news may be dangerous either way. If flat by tomorrow's news will perform the news in the direction of this market.

  2. #12
    Took 30 pip profit on 1/4 of standing at 1.9071 and corrected SL on entire trade to crack even at 1.9111 about the rest 3/4 of my first position.

  3. #13

  4. #14
    Quote Originally Posted by ;
    pleasant entry...
    I think right now the traders don't have any certainty on where it's about. That is usually what happens when a trend is losing steam. Hopefully, they will begin to have some drawback conviction, and when the rest of the audience joins them, then the downturn is going to be verified.

  5. #15
    I concur if im wrong im sticking with my, also short from a slightly lower level.

  6. #16
    This first indication of dollar strenght through NFP or anything and this item will collapse like a ton of bricks right now its sucking all the dumb money like a vacumm think price will rise to the sky, then bam!! Massive drop off and everybody will be like what the hell happened?!! Even if we do get another run up it will most likely be accompanied by a short squeeze like this recent attempt in 9140...

    only my opinions.

  7. #17
    Quote Originally Posted by ;
    I think right now that the traders have no conviction on where this is about. That's usually what happens when a trend is losing steam.
    I believe that you'll find it has more to do with FXOpportunities earlier remark in relation to tomorrow's Payroll printing....

    Players won't be looking to instigate any (large) fresh positions until that merchandise is in the can....and those still'long' that the Cable will have pared off, appearing to re-jig stops leading into tomorrows NY Open...

  8. #18

  9. #19
    Quote Originally Posted by ;
    This first sign of dollar strenght through NFP or whatever and this thing will fall like a ton of bricks right now its sucking in all of the idiotic cash like a vacumm think price will rise to the sky, then bam!! Huge drop off and everybody will be like what the hell happened?!! Even though we do get the following run up it will probably be followed with a brief squeeze just like this recent effort at 9140...

    only my opinions.
    By today on Oanda, 24% are long against 76% brief on gbpusd.

    http://fxtrade.oanda.com/resources/t...o_trades.shtml

  10. #20
    And most people who are short are holding missing on there trades, but they think that it will go down. http://fxtrade.oanda.com/resources/t...nsummary.shtml

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