i am atlast going to enter the pond tonite (that's a definite maybe).
i rarely trade this pair but this set up looks too good. if the price bar closes below the 8200 level tonite, i will set a limit sell at 8200 with stop in 8350 region and targetting 8000.
so let's see.
bez -my commenting on your trades is like the pot calling the kettle black, given my woeful recent track record. but i am a shameless bugger and will just say that in all your trades, i would have paid attention to the counter trend.
for me a counter trend is anything that has 3 consecutive up or down bars because such bars are indicative of a strong move. i believe they are called black or white crows depending on whether they are bear or bull.
however, my trading system on daily is ultra cautious, so that's just me...
i rarely trade this pair but this set up looks too good. if the price bar closes below the 8200 level tonite, i will set a limit sell at 8200 with stop in 8350 region and targetting 8000.
so let's see.
bez -my commenting on your trades is like the pot calling the kettle black, given my woeful recent track record. but i am a shameless bugger and will just say that in all your trades, i would have paid attention to the counter trend.
for me a counter trend is anything that has 3 consecutive up or down bars because such bars are indicative of a strong move. i believe they are called black or white crows depending on whether they are bear or bull.
however, my trading system on daily is ultra cautious, so that's just me...