MoneyTec Traders Community Forum - View Single Post

rufffen · 18-07-2006, 08:07

GBP/USD UK update: Now if you had CABLE longs since yesterday, it's wise to take profits, since it's only a mild retrace from the down move, anything below 8330 is just a retrace, if it breaks above 8330 there is more room to BUY the market.

Right now BIAS is SHORT both CABLE and EURO, Id wait for better EUR prices to go short (below 2440 is good on EURO).

For good R/R I don't see any decent setups now.

18-07-2006, 08:07	#58
rufffen Zone trading Join Date: Jun 2005 Posts: 1,057 Downloads: 2 Uploads: 0 Rep Power: 5	Re: EUR/JPY CYCLES UPDATE Part1 GBP/USD UK update: Now if you had CABLE longs since yesterday, it's wise to take profits, since it's only a mild retrace from the down move, anything below 8330 is just a retrace, if it breaks above 8330 there is more room to BUY the market. Right now BIAS is SHORT both CABLE and EURO, Id wait for better EUR prices to go short (below 2440 is good on EURO). For good R/R I don't see any decent setups now.