Disliked{quote} I am short this one already MPB. Fundamentally and technically price should not be here at all OluIgnored
- Joined Jan 2009 | Status: Learning life... | 8,346 Posts
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Disliked{quote} I am short this one already MPB. Fundamentally and technically price should not be here at all OluIgnored
Disliked{quote} hi MBP how do you interpret the COT graph? Do we just follow the commerical traders?Ignored
Disliked{quote} Hey rehab, I am heavily long gold so this is nice to see. Just be careful with the GBP atm and ask yourself if you really want to buy into this heavy resistance? {image}Ignored
DislikedDow Strong rally but stalling at: 1) EMA50/60 2)16000 3)50% retracement level I'm flat but if I had a gun to my head I would look for a short somewhere here. {image}Ignored
DislikedI managed to jump in on 4h base by a partial position. Now I see a momentum slowdown, candle formation (marked in light green)that I donīt like, plus we are approaching the short term down trendline (all combined by the GU approaching a major resistance MPB pointed out). The question then when reaching the trendline (marked in green) whether to close part or let it all run. That is the trade exit strategies i need to develop. Cheers. {image}Ignored
Disliked{quote} GBPJPY was a good call rehab...i dont know if it helps because managing a trade is such a personal thing but price tags on the chart below is where I would move my stops.. {image}Ignored
DislikedI managed to jump in on 4h base by a partial position. Now I see a momentum slowdown, candle formation (marked in light green)that I donīt like, plus we are approaching the short term down trendline (all combined by the GU approaching a major resistance MPB pointed out). The question then when reaching the trendline (marked in green) whether to close part or let it all run. That is the trade exit strategies i need to develop. Cheers. {image}Ignored
Disliked{quote} rehab, Nice entry I must say well done on being in profit. One key question is did you mark that green trendline before you took the trade or after the trade was opened? If you maked it before as a target then perhaps scale out. However, I personally would typically only scale out after at least 3R profit on the table and it looks like you would be only at maybe 2R if it gets to the trendline. If you marked it after the position was opened then you may be suffering a bit from 'fear of a profit evaporating'. This is very common...Ignored