Just trying to get the price to move, really, now that the markets have closed. So near to TP. 
Gone to a better place
- Joined Mar 2007 | Status: Member | 8,618 Posts
Smikester!!
Could you please enlighten us on why you think that this is a great pair to trade? Would appreciate your reasoning and experience about it as its always helpful to get to know about new things! Thanks!!
As usual I was making a joke as Europe and London had just closed and the price slowed down to a snail pace. I could have closed but I was close to a TP.
So I thought I'd start this thread and maybe someone with a few million to spare would gap it down a few pips. That could have been you! But you were too late.
Sooshans has posted his thoughts but I would like to see a chart because I don't necessarily agree and I don't like to give trade calls (or query them) unless I'm pretty sure.
It is a great pair to trade, though. Makes firm moves and usually trends well over a number of days and usually respects S/R levels. Small spread, so good for scalping. Moves reasonably slowly so you can get a fill even when scalping. So, unlike GBP/JPY.
Gone to a better place
- Joined Mar 2007 | Status: Member | 8,618 Posts
have you ever seen charts jumping outside your screen ?
I take it you are very bullish on this pair, then? Would you like to explain? Gone to a better place
- Joined Mar 2007 | Status: Member | 8,618 Posts
10 pips a day? How about 50? Here's a chart:
I can see an 8 hour pin bar off a swing high in adown trend. It's off previous resistance - Look to the left of the chart.
It's also off a 50% fib retracement with a clear rejection of 61.8
Don't bother trading it because it probably won't work out. I don't give trade calls. I will trade it, though. Target 1 is </=9000. Target 2 I'll let you know if we get there.
I can see an 8 hour pin bar off a swing high in adown trend. It's off previous resistance - Look to the left of the chart.
It's also off a 50% fib retracement with a clear rejection of 61.8
Don't bother trading it because it probably won't work out. I don't give trade calls. I will trade it, though. Target 1 is </=9000. Target 2 I'll let you know if we get there.
Gone to a better place