DislikedOk, I need some advice I am short, did not know we were above the 200 Day MA as my chart shows it at 3070 (Oanda). Can we expect a retrace, or is this technical move so strong that any shorts around current price will soon be under water and for some time? Just trying to exit. I would break even at 1.2909Ignored
Only God, (Goldman Sucks and their ilk) know where the price is going. For the rest of us mere mortals its FA/TA.
I think it will reverse AT SOME POINT (I know not words of certainty) I am thinking tomorrow BUT DONT TRADE ON WHAT I SAY. I AM A MARKET MORON.
This is why I trade smaller than rational in a pyramid. MM is KEY KEY KEY to me at least because I dont use SL.
You say you are underwater with your shorts? So am with 24 of them from -94 tp -840+ and was still able to play the short side plus the long side at the same time.
No worries why because the market in time will revisit these positions so to play it again Sam... "I trade smaller than rational."
Trade smaller than rational because the market is irrational...