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  • #15,861
  • Mar 8, 2018 8:40am Mar 8, 2018 8:40am
Maybe rebound from this level
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  • #15,862
  • Mar 8, 2018 8:43am Mar 8, 2018 8:43am
for new traders sell the crap from high in m5 and m15 till friday
  • #15,863
  • Mar 8, 2018 8:43am Mar 8, 2018 8:43am
big boys got the retailer stps that were buying all the way back down to here ,,see if they want the ones who will sell it all the way back to the top of news spike
  • #15,864
  • Mar 8, 2018 8:46am Mar 8, 2018 8:46am
Quoting Galileo
{quote} Below 1.2150 change your Bias to bearish?
Ok one more answer then I leave: Well 1.2180 would be enough to change bias to bearish but even then I would wait for swing highs to start selling high..

Stay Green
Focus only on what truly matters!
  • #15,865
  • Mar 8, 2018 8:59am Mar 8, 2018 8:59am
Quoting Ata-Turkoglu
{quote} Ok one more answer then I leave: Well 1.2180 would be enough to change bias to bearish but even then I would wait for swing highs to start selling high.. Stay Green
Thanks
  • #15,866
  • Mar 8, 2018 9:02am Mar 8, 2018 9:02am
A classic news pattern lately, with the only exception that now the reversal came a bit later (price went up in 2 waves, in past they did it within one wave) in order to trick possible buyers even more. I wouldn't be surprised with 1.23 at the end of the day (and nfp to reverse it completely tomorrow).
  • #15,867
  • Mar 8, 2018 9:02am Mar 8, 2018 9:02am
Bearish for short term at least...USDCHF is forming H&S inverted
  • #15,868
  • Mar 8, 2018 9:05am Mar 8, 2018 9:05am
Quoting Galileo
Bearish for short term at least...USDCHF is forming H&S inverted
Such a great day!
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  • #15,869
  • Mar 8, 2018 9:07am Mar 8, 2018 9:07am
Why is USD so strong!!?
  • #15,870
  • Mar 8, 2018 9:08am Mar 8, 2018 9:08am
Quoting FXClarity
{quote} In the interests of transparency - yes, in my case at least - added in to stack at 1.2441. Now holding shorts from 1.2360, 1.2390, 1.2441 and above 1.25 and likely to lay up here for a while.
Above 1.25: holding to target under 1.20
1.2441: 30% closed +95pips (holding 70% to target under 1.20)
1.2390: Closed out +45 pips
1.2360 : Closed +15 pips

Its not difficult when you know how to do it

...and after yesterdays nonsense from another poster..That's Ta Ta from me for a while.

Wish you all green pips
  • #15,871
  • Mar 8, 2018 9:14am Mar 8, 2018 9:14am
Quoting FXClarity
{quote} Above 1.25: holding to target under 1.20 1.2441: 30% closed +95pips (holding 70% to target under 1.20) 1.2390: Closed out +45 pips 1.2360 : Closed +15 pips Its not difficult when you know how to do it ...and after yesterdays nonsense from another poster..That's Ta Ta from me for a while. Wish you all green pips
i closed my shorts before ecb
and then i joined the drop, but again i closed too soon
i need a patience pill ))
at least is a green day
MAKE IT RAIN
  • #15,872
  • Mar 8, 2018 9:17am Mar 8, 2018 9:17am
Quoting FXClarity
{quote} Above 1.25: holding to target under 1.20 1.2441: 30% closed +95pips (holding 70% to target under 1.20) 1.2390: Closed out +45 pips 1.2360 : Closed +15 pips Its not difficult when you know how to do it ...and after yesterdays nonsense from another poster..That's Ta Ta from me for a while. Wish you all green pips
Im sure you meant me even though I haven't commented anything specific. Congratz to your trades but to be honest, adding to a losing position as in your case ("averaging down") works only for ranged markets.
  • #15,873
  • Mar 8, 2018 9:19am Mar 8, 2018 9:19am
Closing my first short @1.2334.
Couldnt trigger my other short at 1.25, looking to close my last short at 1.1993.

Best regards
  • #15,874
  • Mar 8, 2018 9:26am Mar 8, 2018 9:26am
Quoting mades
{quote} Im sure you meant me even though I haven't commented anything specific. Congratz to your trades but to be honest, adding to a losing position as in your case ("averaging down") works only for ranged markets.
Just for closure...no mate - I did not mean you.

But phasing into a move is not adding to a loser..that mentality is what prevents many traders move forwards..Have you read Davit's Pivot thread? He adopts a similar approach very successfully and he's traded for sometime. Also worth reading is 'Bird watching in Lion country'.

..And when you know where price is going to go - you merely manage entry risk until you get there..I've traded my strategy for years week after week in markets of EVERY condition range / trend etc.

Anyway. lets park this one here and I wish you all well.
  • #15,875
  • Mar 8, 2018 9:34am Mar 8, 2018 9:34am
Quoting MoneyFocus
Why is USD so strong!!?
USD is not too strong and it will never be as strong as before. Dollar is over sold and Euro is over bought. Though Euro doesn't deserve more than 1.15. I think just market decided to sell Euro with few days delay Euro zone inflation going down again + Italian elections + Trade wars (which is against Germany)
Position Trader
  • #15,876
  • Mar 8, 2018 9:34am Mar 8, 2018 9:34am
why i did the trade. MACD and alligator in h1 chart and we said go higher
  • #15,877
  • Mar 8, 2018 9:38am Mar 8, 2018 9:38am
Quoting greengp
we have pin bar on the top in h1 any raise sell
came true
  • #15,878
  • Mar 8, 2018 9:41am Mar 8, 2018 9:41am
Working on minor wave 3.
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What's that smell? ---- I smell money!
  • #15,879
  • Mar 8, 2018 9:43am Mar 8, 2018 9:43am
time to look for a buy setup
MAKE IT RAIN
  • #15,880
  • Mar 8, 2018 9:45am Mar 8, 2018 9:45am
why everyone was talking about buying, I sold at 1.24332 and took my profit at 1.23466 due to MA around 4 hours. I am done for today.
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