1H chart divergence
You did miss his point. He says if price slides down people will hold their loosing long trades. And probably this will cause in loosing more money.
We still have the same problem: Gold needs to go higher but so does DXY... Unless there is something else one of my trades is not going to work!!
I now consider 1.0700 has been tested and not broken. It can try again, but there is potential for higher here.
well..it filled me just barely by 10 pips to spare and promptly reversed overnight...I'm losing 300 right now and just added a short 156.81 so my average is 155.93 gona manage ...
Gold - 15min
The initial wick to 1.0740 after PCE in my humble opinion was a manipulation by banks and liquidity pools to shake off the short exposure in the market. It's pretty clear that EUR ...
This is not a TR BO . back to 2300 or lower .
Very good background. Maybe the 3% is the new 2% This could give a reason for the rate cut and a totally change in plan for EUR/USD!
After 15 minutes, the bears appeared but the Day's pivot seems to have stopped them. We keep our fingers crossed
Free advice for everyone Today's data release is the kind of thing which blow all technicals up in the air in flames. PCE closely relates to inflation and inherently ...
Now back on my H1 magnetic levels... Waiting 1.0720 area to decide! I am already short (but self-critic wise I could do better.) Anyway, maybe next time!
Hi Fardeen, As promised, I'm sharing my "recycle leverage" money management approach for forex trading. This strategy revolves around reusing the same capital repeatedly while ...
Guys, taking a bit of profit and tightening stops is just the right thing to do now because you never know. Probability still with collapse but better to play safe.
EU H4 W&R still needs confirmation but bearish Macd divergence is obvious, the level at which it happens...significant. Not out of the wood yet!! Spikes up still on ...