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- fx4aliving replied May 29, 2013
I'm short again. I use trend lines. The 4h chart suggests that price was just testing the trend line and got rejected. I'm expecting a new low...95ish
- fx4aliving replied May 27, 2013
[email protected] Targeting 40 pips. looking at the 15m chart price hit 61.8% fib retracement
- fx4aliving replied May 23, 2013
I'm holding my short position. I think it just retraced last nights move down for the time being and is headed down again.
- fx4aliving replied May 23, 2013
Today I learned not to trade sideways channels...they can be profitable but very risky. I was having a pretty good day until I decided to do that..I'm down 60 pips on this trade. I'm short @ 153.35. I do think the price is gonna continue down and ...
- fx4aliving replied May 23, 2013
Are we at a 61.8% retracement of the move down? Is it likely the next leg down brings 150.00 or that area?
- fx4aliving replied May 22, 2013
Waiting for a close below 2853 to short again.
- fx4aliving replied May 22, 2013
I'm with you but I wish I had the balls to hold the trade that long...lol
- fx4aliving replied May 22, 2013
what is your target?
- fx4aliving replied May 22, 2013
finished -18 pips...better than -60
- fx4aliving replied May 22, 2013
im still short
- fx4aliving replied May 22, 2013
gonna take this one on the chin..lol. I was wrong.
- fx4aliving replied May 22, 2013
almost time for the news....still holding my short
- fx4aliving replied May 22, 2013
It just retested my 61.8 level on the 4h chart...I believe it's gonna go down now
- fx4aliving replied May 22, 2013
I love candle formations and fibs...I saw a hammer on the 1hr chart after a nice move up...on the 4hr chart there's a doji at the 61.8 level...Just seems like it will head south to me.
- fx4aliving replied May 22, 2013
Price might retest the 61.8 level again and then head down
- fx4aliving replied May 22, 2013
Why are you starting to believe this? What indicates this on the charts?
- fx4aliving replied May 22, 2013
I may be wrong. I just don't think this is a good spot for a long position due to that hammer on the 1hr chart and the 61.8% fib level being hit...that shows me two signals that the price is going down...After 8 years of trading, I'm finally ...
- fx4aliving replied May 22, 2013
I shorted at 1.2930 and personally I think this is going down at least 80-100 pips. There was a hammer on the 1hr chart and a 61.8% fib retracement on the 4hr chart.
- fx4aliving replied May 22, 2013
There's a hammer on the 1h chart and a 61.8% fib retracement. I think this is going lower. Possibly 1.2800
- fx4aliving replied May 21, 2013
Well I got out of that trade..lol