Will any body tell me the logic behind placing buy order of GBPUSD at 1.5762?
Thanks in advance
Thanks in advance
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DislikedHi BRV,
I was looking at the attached support at 1.5750.
How could have I known that it would bounce a good 60 pips and not breakout?
It is frustrating not being able to spot them apart...
Thank you for helping us simple people that do not have the feeling for the market.... yetIgnored
DislikedHeres a recomendation if any one here still takes those. I would by gbp/usd at 1.5762. I'm going to pass on that trade since I traded really well today and don't want do take on any more risk today.Ignored
DislikedHello Guerrillawar,
Nice to have another trader who know's the ropes sharing his thoughts and ideas.I was wondering if you could elaborate a bit on the pattern you saw on this gbp chart you posted.Thanks in advance!Good trading to you!Ignored
Dislikedsee my chart at post 5316. Thats the strategy part. tactically its what BRV said
1. form a low
2. break that low bear trap
3. come in hard to that low (1)
4. use that low (1) as a bull pivotIgnored
DislikedHi BRV,
I was looking at the attached support at 1.5750.
How could have I known that it would bounce a good 60 pips and not breakout?
It is frustrating not being able to spot them apart...
Thank you for helping us simple people that do not have the feeling for the market.... yetIgnored
Dislikedsee my chart at post 5316. Thats the strategy part. tactically its what BRV said
1. form a low
2. break that low bear trap
3. come in hard to that low (1)
4. use that low (1) as a bull pivotIgnored
DislikedWhat time frame did you use on that chart from post 5316, Guerrillawar? It reads "custom". Thank you.Ignored
DislikedNot sure these are really 'no brainers' everyone can follow... scalping a minute chart.Ignored
Dislikedsee my chart at post 5316. Thats the strategy part. tactically its what BRV said
1. form a low
2. break that low bear trap
3. come in hard to that low (1)
4. use that low (1) as a bull pivotIgnored
DislikedUSD/CAD approaching resistance @ around 1.9000
Sell the bounce or buy the breakout. Lets see how this plays out. Anyone else observing the same view?Ignored
DislikedBounce was good for 40 and i was expecting it to go higher as USD gainning streght accross the board so i bought the resistance breakout. Looking good.Ignored
DislikedNot sure these are really 'no brainers' everyone can follow... scalping a minute chart.Ignored