I was out of trade since a week. Because I was not sure of direction. But I can say usd is weak againt all.
The Phoenix Trader....
Trading EURUSD only 43,756 replies
Eurusd-5m Trading Only 110 replies
LIVE Trades Only : EURUSD & GBPUSD 123 replies
Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies
Script to change EA to long only/ short only at a price level? 1 reply
DislikedIf you look at above chart then this current one ,,,,it was easy to see why to be expecting a bounce there ,if you did take a little sell on the tiny bear flag ,it was best to kill it there as you can see why . Weekly R 2 is an area it will try and hold ,,if it stay below days open maybe frankie or london will try and puch it down to quarterly level ,,,,,,todays midpoint ,gets above and stays above open ,,,,,,,look higher lol above post was supposed to have same channel as 6 hour or daily chart Ive posted {image}Ignored
Disliked{quote} NEW HIGH MADE NEXT RESISTANT POINT IS AROUND THE 1.24307 AREAIgnored
Disliked{quote} Getting into a trickey time and area considering where the monthly is at and with the month being almost over ,,,,, should be starting to generate some spike levels for the ecb annc,,,,,,,,quarterly numbers work good for those lol,,no reason to think down as of yet for sure .Ignored
Dislikedm pattern formation price moving into sideways accumulation bigbank gathering money. Tommorow im expecting a stop run upwards to catch out the long breakout traders, for me the eur will start to accumulate then short. How do banks trade money? Accumulation (during asian usually) manipulation (this will be a break low catching out bears with another manipulation move to upside to catch out the longs followed by a move south. What will trigger this down? The ecb speech see what asian brings if it accumulates and then breaks low first with a manipulation...Ignored
Dislikedthese are the little spots that just used to clobber me back in my early days ,,,still get me every now and then lol ,,,,,,,, mkt hesitates in an area and thought process is oh boy mkt hesitating its already moved 43 pips ,,,retrace time,,,, sht ,,,,,,, next thing you know,,,,, under water and price is using the next level for support ,,,,,then your another jump up under water or vice versa if going down,,, then another then another etc etc then margin call ,patience patience patience,,,,,,,,,,,, and good levels and money management ,,,,not sure...Ignored
Disliked{quote} Trailing stops are great, but when you can read the chart's as we can, You get to know when to get out and preserve a little more capitalIgnored
Disliked{quote} Lol, I can read them somewhat,,,,,always a patience thing with me ,,I did take some off on that pop,,,,rest will hit tgt or get sttped {image}Ignored
DislikedI think a big player is cashing out their hoard of USD before China starts unloading. This has the ear marks of an elephant dumping USD. Steady, non-stop and around the clock. Could see 1.2600 before weeks end, where I will cover longs and celebrate, a little. Sometimes being lucky is all it takes. Even a blind squirrel finds a nut every now and then.Ignored
Disliked{quote} I JUST GOT TAKEN OUT, I WILL LOOK FOR A NEW TRADE, EASYIgnored
Disliked{quote} I JUST GOT TAKEN OUT, I WILL LOOK FOR A NEW TRADE, EASYLOOKING AT THE 1.2420/40 AREA IF WE SEE A PULL BACK, ASIAN SESSION IS 6 HOURS IN Screenshot 2018-01-25 12.02.36.png {image}
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