Cable: More likely to go down rather than up in short-term
Weak trailing stops are building just below the market and one of my contacts in HK, who’s been very accurate in recent months on the GBP, suggests that there is more risk to the downside pre-NFP.
Stops are below 1.5490 and again below 1.5460.
any good levels to move in?
Haven’t really been following it Danny but looks like its struggling to get back above 15540 so maybe near there??
thanks Sean. if it gets back up 😉
Good evening Sean,
Yesterday we have rebounded on USD/CHF from 9245 and we have a support on EUR/USD at 1.3035. You mentioned some sovereign bids at 1.2950/75. In this context, have you some thoughts on USD/CHF trade ? Thanks Sean.
As long as it stays above 9240 then I’m moderately optimistic but I’ve got the timing on this trade totally wrong and that’s made life very difficult
Danny, I just sold smalls near 40 but will keep very tight stops and if it doesn’t move early in Europe then I’ll chop it anyway
same here. set my stop at 60. im going to pray 😉
Hi sean, may i ask what are you working as? And which firm/institution?
I’m from singapore and I’m going to finish my national service soon, very interested in fx but do not know where to start my career from.
Hi Muneer, I’m an old dinosaur who’s been trading FX since 1986, only trade my own funds now. You should try applying to the big banks in Singapore for a trainee position, though you will more than likely need to have a university degree.
Alright. Thanks a lot! Have a great weekend!
I’m giving up Danny, taking my 5 pip loss, had enough for 1 week. Catch you Monday++
have a good rest Sean. speak on Monday.