Quoting habeebDislikedAre you talking about the daily lows? If you're not going to sell at the highs, it seems like you're anticipating the Euro to get stronger. So, why not buy now at your minor support, and have a 20 pip stop, that'll be below Friday's low? What if the lows don't get retested?
Hope you don't mind the questions. If you don't mind, then, there's alot going to follow in the future. I'm relatively new to trading. Also, you think you'll be able to post charts too?
Thanx
HabeebIgnored
I will probly wait for the range to be reconfirmed befor I enter a trade. At least one worth posting.
The market is weak right now. A open in london might be needed befor a good movement happens cause they have a new elected offical.(Merkel)
I have been waiting since mid last week for a break on the top side to happen.
Right now the market is prime for stop hunters. I don't usually enter on consilidation either.
If I get a price below 1.2000 I will enter a long.
Charts...I am trying to figure out how to post a chart off the fxcm power chart. I am awaiting a reply from a friend who I've seen post them.
There is usually a false break out on consolidation. I am hopeing that takes it to 1.2000 or lower befor the rise.
Ultimately the hourly charts are over sold and need a corrective retrace up.
A break below 1.1977 will change my bullish perspective.
Dave