Someone watching a short on GBPUSD right now?
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DislikedThanks for the reply.
Yes the midline is approaching the R3 line.
You are correct I should not have taken the trade because of what Al said about Risk on.
But as a newbie I took the trade before Al commented on not going short on USD.
So I had already taken a position at R3 took another short at R4 later so overall the positions are profitable.
Just wondering in broken resistance can turn into support.Ignored
DislikedAnyone who is interested can make a group where anyone can put their chart and the live trading with this system .... can apply 200 participants ... all free
www.anymeeting.comIgnored
DislikedI am in EURUSD, GBPUSD, EURAUD and EURCAD. Will let it run to profit for as long as it takes following the recovery method. Lotsize 0.01 each trade. When all 4 are closed I will let you know how it went.Ignored
DislikedYes as far as I'm understanding its possible (though Al said that a pierced resistance loses part of its strenght if easily pierced and so it loses strenght as support too after it's been bypassed) Further more you have the midline that often plays as support (in uptrends especially) . So IMHO you must be prepared to close the trade if you see hesitation when approaching both of them
added: one more reason to stay in guard....futures on SP500 and DJ are down this usually drives a USD up so....as we are near to the open.....Ignored
DislikedBit of a newbie question here for anyone that wants to answer.
Looking at USD/CAD M15, price went through R3, hit R4 and is coming down, would R3 now turn into support? or would aiming for the top or middle line of the TMA still be a likely target?Ignored
DislikedUSD/CHF looks like an interesting long at the pivot. Got the round number 10 pips below that. GBP/JPY looking really interesting now.Ignored
DislikedYou are right I had not looked at that chart. It scares me a bit when price is moving so fast to trade against it but will watch and see if there are signs it could bounce a bit.
GBP/JPY is through the BRN now.
Whare are you looking to short, I don't see ant Resistance nearby?Ignored
DislikedI will enter EURUSD & GBPUSD a.s.a. the band of 200 ema or FPV is within a few pips. Both trades will be short lotsize 0.01 live micro account.Ignored