Done Cashcow Confirmed (By sdao85)
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Done Cashcow Confirmed Discussion
Jun 24, 2016 at 11:51
189 Views
6 Replies
Aug 09, 2016 at 20:58
(edited Aug 09, 2016 at 21:07)
Note to self: British economy is being inflated by government QE after Brexit. Cutting rates to try to keep the economy afloat, therefore as soon as they got a bad news, their currency will tank and cut rates some more. Perhaps the last straw would be helicopter money or increase deposit rates into banks while having 0 or negative rates. The next piece is timing: We need to track the momentum/force/volume from chart 1W all the way down to 1m especially during news time to determine the timing. Testing the market momentum level with bite size position to determine real momentum level. Next is the support level. As we entering into uncharted territory, market will always adjust/bounce itself after the fall. It's wise to get out after the fall and don't chase the market. Three main focused: s/r level, momentum for timing, and lastly volume analysis. Estimating pound to fall to 1.15 - 1.20 level vs. USD. Good luck self.
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forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Aug 11, 2016 at 22:32
(edited Aug 11, 2016 at 22:34)
agree done ,good advice😄
Aug 12, 2016 at 01:49
Sure, keep in mind that big players will load up on short orders which will push price action higher for one or two or even three pull backs before it goes down. It'll drag out until news come out for a real direction/trend.
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