OK, credit were credit is due. Good call. My system closed my short @2.0553 and bought @ 2.0587. Still long.
Sorry.... but could'nt resist. I'm here to make friends not enemies ........so why buy @ 2.0587 very interested
I could state a bunch of techo mumbo jumbo but the truth is I'm running full and semi automated systems. My leg work has been done though I do monitor and walk-forward test regularly. My buys and sells are run past 5 - 7 filter conditions. The auto systems, which are more conservative, run unattended for the most part. The more aggressive systems generate signals which I choose to take or not. If I choose to take it the systems manages the trade from there. The cable long I'm in now (@ 2.0762 as I type) was a full auto. I can go flat at any time based on what I'm seeing. If I don't the system will take me flat when exit conditions are met. I try not to second guess. That said it "looks" like more room to the upside. Are you in a position? How do you arrive at your decisions?
I keep it very simple. I trade off the trend lines on a daily TF to the mid point around a whole number only a few trades per year but to tell you the truth didnt expect to hit my target so soon
What caused that little downdraft this morning? Shortly thereafter USD.JPY and AUD.USD also started moving down. Still trying to understand the relations between the pairs but it gets strange at times.
has selling been exhausted in the gbp? will it break through 2.0375 again or have we reached a bottom/time for a reversal? what does everyone think?