Has May dropped the bomb?
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Dislikedguys, even you're right about one direction ...you're gambling because it's all about the politics and fundamentals witch are pretty ambiguous those moments/days ...not too much technicals I would say, take care, good luck!Ignored
Disliked{quote} If 1.0718 is the top 1.0520 is next. Short @1.0710 SL @1.0745 TP 1: 1.0608 TP 2: 1.0520Ignored
Disliked{quote} you got it, im only after 40 though, trying new things etc etc NU has bigger number, AU made new high, usually retraces, again may only collect 40 you been using those numbers much?Ignored
Disliked{quote} Tudor hey, hope you are well. One question tough I dont disagree with what you are saying, how can anyone trade a financial product based on politics and fundamentals. For a retail trader such as myself, I have to stick to TA. 1.0721 is 71.4% retracement level from Dec ECB top 1.0873 to Jan 14 year low 1.0340. So far pa respected that level.Ignored
Disliked{quote} Yes man, 71.4% is usually a decent reversal level. Having said that, 1.0669 break is a serious matter - and wll see how strong it bounces from it - but without 1.0721 being taken does not mean much. On the way down 1.0620 is another but then road is clear for 1.0520.Ignored
Disliked{quote} I'm fine, thanks. It's good to "see" you around. Well, you are right about politics and macro economic data. That's why I don't trade news and I don't recommend that. (just said it above about the risks to trade before PM May) For retailers, what ever the outcome of fundies is/are, ...will be on the chart anyway. I said above about those days/moments as a trading erratic movement and volatility hazard. Not said to trade politics and news! Ok, now about TA. I don't figure it out exactly what 71.4% level might be, but I would be agree...Ignored
Disliked{quote} As mentioned in my previous post: 1.0721 is 71.4% retracement level from Dec ECB top 1.0873 to Jan 14 year low 1.0340. So far pa respected that level. I took the short after the 1.0721 attempt, will see whether it works. Out of all the ret levels, 71.4% is the Queen on my charts. Yes agree on your statement, on days where there is hard core politics agenda, one has to be more cautious. Good luck to you too mate.Ignored
DislikedStill fascinated of 1.0710 for a short trade ...damn good call, people!...hehe, one of my step levels as well
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