it is still short term uptrend, so still there are a few pips to make from longs.
took a long at .9269. hope it will not die at BE again
took a long at .9269. hope it will not die at BE again
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Disliked{quote} A little delayed with the news but that trend is now defs broken!Ignored
Disliked{quote} well tobe honest I am surprised to see almost no reaction in market after such a huge number by USD. This shows power of big players!Ignored
DislikedHey guys what do you think about AUDCAD? It's in downtrend. I've shorted at 0.96711. Hoping it would reach another lower low according to the trend. However, it may not be there within today. You would suggest leaving the order opened in weekend? {image}Ignored
Disliked{quote} Unless your stops are normally larger than a 100 pips (or you are prepared to absorb that much drawdown on a single trade) I would never advise holding a positions over the weekend. I have been burnt badly that way.Ignored
DislikedPosted this chart below 2 days ago, and its happened. However I expect a bounce off the 9130 anyone agree? {image}Ignored
Disliked{quote} Thanks for the advice. I read almost similar comments everywhere (If SL is more than 100 pips). My SL is as such only. So left the order open. Let's hope for the best. Fingers crossed I have another question though. During backtesting I haven't seen so much of spike during the beginning of the week. I've only seen a good gap often that follows the overall trend. Could it be that you're referring to false spike that burned your account? Be it in H1, H4 or Day 1, it is in strong down trend I believe. So even if there is any false spike,...Ignored
Disliked{quote} Both Euro and Yen gapped about that in recent months if I remember correctly. You are right that often it will come back down, which is fine if you don't have a stop in place and can absorb that much drawdown and/or you are not over-leveraged. But if, for example, your stop is 45 pips when the market closes you may find when the markets open that your position is liquidated at -90 pips which is twice what you were prepared to take for that single trade. It doesn't happen often, but always prepare for the worst. Someone said...Ignored
DislikedHello, Please, may i ask you how you see aud/jpy in the next week? Thank you very muchIgnored
Disliked{quote} Looks to be more ranging with the aud coming down and the yen moving upIgnored
Dislikedthe aud turns back up with the yen it should go long, but the timing has to be right. Don't try the first tease long , wait for the second long tryIgnored
DislikedHi Alien, thank you very much for your respons {quote} I'm agree {quote} this point is not clear to me please, could you explain me better? thanks for your patienceIgnored
Disliked{quote} The ADX on the Daily is resting. A further drop is in order before it turns up all the way. It will be a few days to 2 weeks before the picking is right.............to go long. Earliest would be Friday............... {image}Ignored
Disliked{quote} The ADX on the Daily is resting. A further drop is in order before it turns up all the way. It will be a few days to 2 weeks before the picking is right.............to go long. Earliest would be Friday............... {image}Ignored
Disliked{quote} Market makers who move the price are not looking at ADX lagging indicator nor do they look at MACD or RSI etc. for trade set ups. Price could do exactly what you might not expect. Just saying. RegardsIgnored
Disliked{quote} Hey Davit, I thought to enter long about a bounce up of Aud/Jpy just at the re-open of the market on Sunday, until the friday's high area, instead of go short under the friday's low What do you think about it? Thank you very muchIgnored