Disliked{quote} You too buddy, I love trading cable - if you want to share analysis here for it feel free, just not when we are super busy! "you know" Nicely done. PS, I usually don't even bother trying to squeeze out the extra three dollar swings any more even when scalping. ie: entry 1220 target 1240 using rounding, so that's why we flattened at 1238.xx or 1230 to 1240. Once the new year comes we should be getting some nice 50 USD swings a day!!!!!! GET READY!Ignored
Cable is massive now, technical analysis do not work well in this situation since it is even very hard to find a trend line... Big names are buying and selling this week, creating new high and low. Right now I am just watching some key levels, like 1.63 and 1.64 (the 100 and 200 Moving average of hourly chart), and downside support maybe at 1.60 which is the 100 Moving average of daily chart. I also keep a eye on BOE rate hike talking, you know...
I never trade gold near New Year after which will see volatility picking up... So will be much more cautious and if you can share some of your experience at that time, it will be perfect!