Getting chicken (ie no balls which is fine coz I'm a woman) and taking profit at 110.882 was the smartest move I made all week. Keen to see on monday if the dollar can find support above the lime line which is based on daily chart.
Trend break, retouch, on 15 min most likely a fake out, but who knows. Traded it, anyways. Move to the HTF we do, see the HTF trend, breaks this and the possibilities are endless, with of course some retraces, fakeouts and breakouts. Time to hold on too your butts.
Attached Images (click to enlarge)
Learn, a forex trader must, unlearn and relearn he will.
Wanted it to go up, which it did and I bought , then got stopped out with the break down , so I have dived in hard with sell. Was worried it was a bear trap but now just want to tighten SL and see how far down hill it will roll. Tempted to move SL to BE but dont want to swamp them
Is it just me but I've been noticing lately a strong contrarian pattern with this pair. A recent example is today's negative trade balance numbers from Japan. Should it not have sent the USD up? Instead the pair went down. (My bet though is that it will do so eventually later.)