Okay the 153.18 held perfect on that drop down, that is the LOW on the channel for now, with 153.78 as the HIGH - a 60 pip channel.
Now we watch for the consolidation to squeeze near the median price at 153.48, right where the 5 minute found support 20 minutes ago on the move up to the upper portion of the channel.
153.69 closing all positions can not focus there are kids crying
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We can never go wrong with closing trades with good profits, how was your overall LONGS today?
Were going to channel here for a little bit, so it is a good time to exit I think, we can pick up shorts or longs once we break out again from the channel.
Keep me up to date on your totals, it is nice to know others are taking the same trades as I.
Amazing how traders will hold on to trades for hours and watch it bounce up and down like a yo-yo. Get out and take the money to the bank, we can add another 100 pips later if we want to, for me, I am happy with the bank roll I made here this afternoon in the ASIAN session.
I am wearing bose quiet comfort headphones and still they are no help
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Maybe a sign to relax and take a break, I am going to go sit with the family for a couple of hours and relax myself.
Just for your info bro, I am only here trading from 4-8 pm daily California time (7-11pm EST), I do not look at the charts at night any longer, or during the day.
All we need is always there to make, I can get enough trading in 2 hours.
Cheers, feel free to continue in the thread and add your EJ analysis, would be nice to come in the afternoon and see what others area seeing also.
We can never go wrong with closing trades with good profits, how was your overall LONGS today?
Were going to channel here for a little bit, so it is a good time to exit I think, we can pick up shorts or longs once we break out again from the channel.
Keep me up to date on your totals, it is nice to know others are taking the same trades as I.
Amazing how traders will hold on to trades for hours and watch it bounce up and down like a yo-yo. Get out and take the money to the bank, we can add another 100 pips later if we want to, for me, I am happy with the bank roll I made here this afternoon in the ASIAN session.
Ken
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these were the only longs today the euro/dollar just missed my entry by a few pips
Took a SHORT at the bounce up the the median at 153.49 for +11 pips.
Also based the trade on the 30 minute bearish that closed 5 minutes ago, on this trade I was targeting the lower wick which was also the low 15 minutes ago.
Usually I don't take trades in the channel such as this, but I came into my office and seen it jump out at me.
Based on the chart from page 11, we are still in the consolidation of the channel and you can see by the 1minute line chart that were starting to squeeze into the median at 153.58.
I am expecting a breakout on this channel, but will only make trade based upon a break of supp/res of channel and a re-test of that supp/res on the 1minute chart.
For now, were basically bouncing around the border of boredom.
Ken
note: Also, we have tested the 18LWMA and the 25 EMA on the 5 Minute chart, there is still the test of the 50 EMA and then the ultimate test of the 144 LWMA on the 5 min.
The 50 EMA is now above the lower channel line at 153.18, only the 144 LWMA is under this area for now.
Took a SHORT at the bounce up the the median at 153.49 for +11 pips.
Also based the trade on the 30 minute bearish that closed 5 minutes ago, on this trade I was targeting the lower wick which was also the low 15 minutes ago.
Usually I don't take trades in the channel such as this, but I came into my office and seen it jump out at me. that is so funny I was looking at the exact same trade exact same trade! I just did -not take it lol! I need some rest talk to you later lol
Today's running total: +115 pips
9 for 9 wins
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that is so funny I was looking at the exact same trade exact same trade! I just did -not take it lol! I need some rest talk to you later lol
