GU 30 M + 1M
2
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Disliked{quote} If we set our SL tight our profits are protected if we trade intraday. If we trade higher timeframe your stops should not be hit yet. Apologies for the blabber...Ignored
DislikedGU has rejected rather slowly from the high along with massive spikes to the down side. We had a 55 pip drop in 1 min in which it recovered half of the drop before the 1 min candle closed. A cup and handle formation to 1.3026 before dropping to 1.2963 seems highly unlikely but as someone above said, "Time will tell". Current price 1.2986 And now another unexpected spike to the upside for GU after having dumped off less than 20 mims ago.Ignored
Disliked{quote} Just got in, busy day. Lol Short at 3028. Hard SL at 3060. Personally, not liking how PA tried to challenge our WR61. When this trade gets SL’ed, it might be time to watch, do nothing, until bear kicks in again. 3150 maybe, but until then I’m gonna side with 2910 which is the WP.Ignored
Disliked{quote} Aaand hit, annoying fundies. 3100 has to be broken smoothly before we see 3150. I'm careful on shorting this atm as 4H TLs are broken. However, PA seems to be targeting more on 2940, 2910, and 2875 levels rather than 3100. 3200, I'll join the bulls. But just watching for now with candy positions targeting 2875. Thursday is big day, think twice before opening regular lots. This kind of PA is only suitable for small lots, wider SLs - at least for my skills. LOLIgnored
Disliked{quote} agreed with your target 2910 but waiting to sell it duno what im waiting (scared of the upward spike before going down) , i got many lose with small sl trying to sell this , gu my sl ussualy around 25-30Ignored
Disliked{quote} 25-30 is still tight I think given the fundies this month. Instead of this: .2 lot = SL at 25 pips (still tight I think given the fundies this month) You can split into smaller lots with wider SLs (but of course reward is lesser, but better in terms of SL positioning): .1 lot = SL at 50 pips (ideal position at current high-50 pips = 3030) .1 lot = SL at 50 pips (3050-50 pips looks okay also) Hmm... I have mini minis lot atm, expecting 2990-3000 level to start resisting. We'll see. Just don't trade bigger lots, we never know when those red...Ignored