DislikedNo.. Out on the town tonight. Out for coffee and desserts by the sea at nightIgnored
Dam it. I must move to beach.
EurAnalysis Kindergarten 24 replies
DislikedNo.. Out on the town tonight. Out for coffee and desserts by the sea at nightIgnored
DislikedOkay I've got my eye on a new potential trade. This one is probably something that some of you may go for because it actually has a stop loss and a 1:5.5 risk reward ratio
The pair is USD/JPY and the position is short
Sell limit order at 78.84
Stop Loss at 79.10
Take Profit at 77.50
Rationale
H4 rising wedge. Top of wedge resistance is at or near the 78.84 price which is also the top end of the 61.8 fibo level of the move up from the 75.55 low to the 84.17 high. Further resistance is offered by the falling trend line from the 84.17 high. Ultimate...Ignored
DislikedIt's going to test 1.2300/10
End of day consolidation/profit taking
I mentioned a few times that this is a day trader's market until the real pros return in September. There is also very little follow through as a result.
At least that is my take on it anyway. I could be wrong, but by what I am seeing, I am notIgnored
DislikedI will add short @1.2321 SL 1.2344 Target 1 1.2287, Target 2 1.2220, ride the rest at BEIgnored
DislikedYeah. Last couple of days I mentioned that I thought .98 would most likely be the next support for U/CAD. Hope you didn't get hurt too bad. It's a very stubborn pair as I have mentioned.Ignored
DislikedI will add short @1.2321 SL 1.2344 Target 1 1.2287, Target 2 1.2220, ride the rest at BEIgnored
DislikedHow do you get that huge price text in MT4?
Thanks
I have limit at 2319 because I don't want it to get missed. It still might not get hit as its only a few pips off the highs.
Also added some at 1.23
I like your targets tooIgnored
DislikedHere you go: Just go into inputs and edit font size to what you want
EDIT: Mine is set on 48Ignored
DislikedI will add short @1.2321 SL 1.2344 Target 1 1.2287, Target 2 1.2220, ride the rest at BEIgnored
DislikedHere's a video of todays technical analysis summary...
I really like those guys,as they represent my trading style.
Mostly things we all discussed today, but nicely squeezed and packed into 4 min video.
Have a cup of tea and enjoy
http://www.youtube.com/watch?v=LtXaazfpRtIIgnored