...bullish divergence on the stochastic now, but i'm wary and weary of bottom fishing ...having said that i'll take the retracement long setup if it signals.
Intresting finding or simply statistic: 5min candel 14 replies
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DislikedTraders,
Its a hard market to call today. This happens sometimes. Its a good time to study the price movement.Ignored
DislikedThe price contunues to knock on the door of the weekly s1 at 1.2525. This is a dangerous area. There have been no clear signals for hours. Its better to not trade then to have bad trades. Not only is there support at the ws1. There is also a bull trand line just below that and the price keeps bouncing of that point and closing above the ws1. I realise that people are waiting for some charts and analysis but I dont want to post anything false. Here is the situation. As soon as the bears give up because theres big money at the ws1 the price should bounce nicely. On the other hand a miracle break of this support leaves nothing but the daily s1. lets see what happens.Ignored
DislikedChow, can u post a picture of the bullish divergence to share with FJ's faithful followers here?
Thanks. May the Pips be with U!Ignored
DislikedChow im with you on this one. I dont recommend anyone else take this trade. Its extremely risky. My stop will be very tight and adjusted tick by tick. Old support at the weekl pivot s1 and the uptrend line have now become resistance as the price has broken these levels. There was a lot of hard work put in by many financial institutions to make this happen its obvious. Its really hard to tell where it will go from here. Ill keep everyone posted on this trade.Ignored
DislikedFJ, Is this trade by the rules? I don't see Stochastic moving from overbought region.Ignored
Dislikedyep I take the trade from bounce +19 pips fantastic, thats great.
I will go nfor dinner now
cheersIgnored
DislikedNice one, FX. Braver than me, my emas hadn't crossed until the long bullish bar had closed, they were equal (on my chart) at the time of your entry from the looks of it....good for you though, worked well.Ignored