Morning to all . wish a happy weekend to all & hope all cashed a good pip last week.
me too have good week last but at the week end at last engaged in some antitrend while the expected H4 bull due stampeded by big bears with huge movements from higher tf . though many were able to close with profit but still allow run some . at the same time last analysis showed HS & expected fall to the 1.2331 , the most strong supportline arround here weekly level.the hs was also apparently broke but last min unable to finish.
so planned seeing the probable hs I shorted at the shoulder to 1.2404 to hedge equally the longs taken & tp set them to 1.2338. and set pending longs at that level. price may further fall to 1.2303 & that to take risk.if gap up then it will hit sl at 1.2303 & longs already there .
expecting gap down anyway & bounce from 1.2331 most probably or can even be 1.2303 but very dangerous price go that level as demand area to further fall greatly next , few srs before 1.2123.so my longs sl much below 1.2300.
At the same time I posted many times , yesterday was a great day as both daily & weekly level pa just completed sell setup perfection & retracement up for not only many days but can be many weeks too. Ofcourse do not know how this possible ? h4 tf can be pissed off without care by daily but daily,weekly by who ? by monthly , take lots time to come effect & can be ignored totally.even after a setup perfection few candles can continue before effective if momentum is very strong ,like this time & did for H4 yesterday & even that H4 not in any bear rally then,just waiting retracement so far. In that scence reversing a daily ,weekly pa motive are near impossible.
So my risky way adjusted last night were , hedge funds till 1.2338 to where more longs will join & only longs will remain to work with most expected gap down & all up & if gap up hugely then hit sl & continue only longs too. all longs will hit sl if below 1.2287( any below 1.2300).
Though I like close all trades +- weekend but now to take risk.Not any worry ,hope will able to manage before any good loose of the profit of the week .
fontu
me too have good week last but at the week end at last engaged in some antitrend while the expected H4 bull due stampeded by big bears with huge movements from higher tf . though many were able to close with profit but still allow run some . at the same time last analysis showed HS & expected fall to the 1.2331 , the most strong supportline arround here weekly level.the hs was also apparently broke but last min unable to finish.
so planned seeing the probable hs I shorted at the shoulder to 1.2404 to hedge equally the longs taken & tp set them to 1.2338. and set pending longs at that level. price may further fall to 1.2303 & that to take risk.if gap up then it will hit sl at 1.2303 & longs already there .
expecting gap down anyway & bounce from 1.2331 most probably or can even be 1.2303 but very dangerous price go that level as demand area to further fall greatly next , few srs before 1.2123.so my longs sl much below 1.2300.
At the same time I posted many times , yesterday was a great day as both daily & weekly level pa just completed sell setup perfection & retracement up for not only many days but can be many weeks too. Ofcourse do not know how this possible ? h4 tf can be pissed off without care by daily but daily,weekly by who ? by monthly , take lots time to come effect & can be ignored totally.even after a setup perfection few candles can continue before effective if momentum is very strong ,like this time & did for H4 yesterday & even that H4 not in any bear rally then,just waiting retracement so far. In that scence reversing a daily ,weekly pa motive are near impossible.
So my risky way adjusted last night were , hedge funds till 1.2338 to where more longs will join & only longs will remain to work with most expected gap down & all up & if gap up hugely then hit sl & continue only longs too. all longs will hit sl if below 1.2287( any below 1.2300).
Though I like close all trades +- weekend but now to take risk.Not any worry ,hope will able to manage before any good loose of the profit of the week .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++