Disliked{quote} Ok, I'm a bit confused with what's going on with this thread, the current explorer trades are not in line with the initial premis. Apart from the the CAD trade which is at least with the trend, I don't understand why you are currently buying lows in EU & GU. This is not selling rallies or selling tops of ranges, it's contrarian trading. The gold trade is similarly unclear. Are you anticipating a trend reverse here? Last point, where are the Yen trades? Aussie? major trending pairs that really don't come more obvious. Sorry I don't want to...Ignored
You are both very astute. In answer to your question about the EUR/USD and GBP/USD trades. Those trades occurred during this last friday's NFP and I was teaching a class on how to enter using very small time frames and the range break ideas that have been discussed earlier using levels. Those trades were intended for demonstration for the class and not meant to be part of this discussion. The method used to find trades that I am advocating here on this thread has not changed. However, I have been absent of late due to personal issues and have not been able to be as active here as I've wanted to be.
In so far as the XAU/USD trade (Gold), I did post that trade earlier last week and still have that running from the original assessment. (Post #356). Just to recap. Last week brought an enormous bullish engulfing bar that stopped me out of my short positions. This bar produced BOTH a higher low and a higher high, which qualifies as a reversal albeit extremely rare. I have two positions that have triggered from that assessment, and am currently waiting to see what becomes of them. As well the USD/CAD position (long) has a stop locking in profit of about 100 pips or so, but this pair looks like it is struggling with the highs of the year.
I have left the demo trades (Long EUR/USD and GBP/USD) running over the week end out of curiosity just to see if they produce or end up like most trades taken against the trend. It will be the topic of much debate over coming classes. A good teaching tool I think.
Sorry for the confusion...