Obviously I hope there will be selling and the volume did pick up a little in that push up to the LH....I'm now trailing a 5 pip stop....
Trading Levels with WRBs
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DislikedLOL - and it did, now heading for the 61% retrace ~the 6100 level....Ignored
DislikedLet's go for another short. This may have some way to go on the downside after 8am.Ignored
DislikedToo late for me now, I'll wait for LO
I tightened my trail when Swissy stalled...that was a mistake....Ignored
DislikedNice one.....I hesitated, now the MS1 level at 6069 is holding and cables short term oversold....so is it a pause to work that off and then continue south or is it a fake-out to collect longs at a better price?.....I have no idea....Ignored
DislikedNice one.....I hesitated, now the MS1 level at 6069 is holding and cables short term oversold....so is it a pause to work that off and then continue south or is it a fake-out to collect longs at a better price?.....I have no idea....Ignored
DislikedWell, the answer is on screen now....but this brings me on to another topic that I have been meaning to write about - session trends and reversal patterns, as they apply to the European morning. More about that in another post.Ignored
DislikedThis is what my chart showed me...first, the continuation Buy after price pulled back towards the 150 ema (5min 30 ema) - potential ~ 20 pips
Then the stall at the 50% retrace / 6150 level - fib not shown to avoid clutter.
The Lower High then gave me a Sell ~ 6135 which I took (and traded very poorly) here, I would normally have taken some or all of my profits just after LO when price touched the lower (over sold) 30 ema band / MS1 level....that alone was worth ~ 65 pips....
The pull back to the falling 30 ema gave another opportunity...Ignored
DislikedThanks, very interesting. You seem to rely on these EMAs on 1min charts. How did you arrive at those?Ignored
Disliked
One question to you medici, what were the clues behind short euro 4480, there was 7am, but i can't see any resistance..
Greetings to you guys & have a nice dayIgnored