Had a resistance line at 1.1213 for a while
Its just bounced of that area
Is it time to sell and make 15 to 20 pips? thoughts?
Its just bounced of that area
Is it time to sell and make 15 to 20 pips? thoughts?
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DislikedEdit: Actually i think i am a lot more curious about WHEN you choose to exit. You seem to favor 3pips but sometimes only take 0.7pips and sometimes 8pips.Ignored
Disliked{quote} Hey bro would you elaborate a wee bit on this part? Not doubting you, more for learning purposes - you’re the fundamentals king here. Just curious about the reason why one is > the other.Ignored
Disliked{quote} gladly my friend... As EU here not just because of Green US ..but mostly because of recent batch RED EU data...which forced the investors even ECB go more Dovish on EU...As FED is kinda done with hiking...and Trump & Co severely against strong US$... US could suffer huge blow if EU recovers from current batch of negative news or just hold its posting by not publishing more and more RED data.. as investors are greatly short on EU and upside tick with positive fundy could spark short covering..and that wont be pleasant for the EU bears & USD...Ignored
Disliked{quote} I’ve only been selling all day bro Don’t know why I keep getting caught on the wrong side of the trend {image} {image} {image}Ignored
Disliked{quote} How do you really manage to close every given trade in profit? I mean, it never goes against you although you are trading counter trend. If I tried to do something like this I would find myself into a 30-trade list of -3 pips average we have so much to learn from youIgnored
Disliked{quote} I’ve been testing out this theory I’ve had about EURUSD where as long as I enter at proper support/resistance zones and not rush into a trade where I’m caught selling the bottom or buying the top, as long as price keeps within the average weekly range if my trade is stuck in a drawdown it goes back to your entry or slightly better (enough to pay the swap if you’re long) in 14 days or less. Don’t have anything to back this up just yet, it’s something I’m experimenting with (per my old style I would only have a tight 3 to 7 pip stop loss)...Ignored
Disliked{quote} That is one scary theory though, when looking at the daily chart i do think that the theory has its merits given how choppy the market has been recently but there are times like back in 2018-04-19 EURUSD just flopped straight down. Even if you had bought at the extreme low of the day (1.23292) it still hasn't gone back to that level even till today. You might get caught with a bunch of trades that are stuck in losses. But if it is working for you then keep doing it i guess? Just my 2 cents worth. I mean it may eventually go back there, i...Ignored
Stay Green
DislikedPotential double top on M5 by the way and H4 is still quite topped out on momentumIgnored