Pension fund Return This Month:
2.2%
- #89,703
- Edited 11:02am Jun 21, 2019 10:49am | Edited 11:02am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #89,712
- Jun 21, 2019 12:12pm Jun 21, 2019 12:12pm
{quote} bears are defending the SH resistance with scalpers joining, feeling an end of the week's bargain by betting on some bulls' profit taking but what they are trying to fade is strong and comes from the lows .. {image}
- #89,713
- Jun 21, 2019 12:19pm Jun 21, 2019 12:19pm
{quote} I don't think so. If it's a momentum play, as I think it is, there won't be any meaningful retrace imo. (and as I wrote above, correction already occured with leg 1.134x-->1.118x) I don't trade your TF btw, only D1 as I only do swing trading. If I was empty handed and eager to load longs, I would set pending at FA level 1.128x (that would be an aggresive entry though). A retrace to TA levels 1.1254 (current rejection of SL) and 1.122x (ST bottom) look unlikely to me, especially the latter, as train is gone ... {image}
: an impulsive leg wihout any retrace and allowing only very expensive entries to the upside for those who didn't load at the bottom.A lot to learn there imo. It was a game changer for me in my trading when I learnt that kind of stuff with https://www.forexfactory.com/sisse. Very powerful once you know how to spot them.
- #89,714
- Jun 21, 2019 12:21pm Jun 21, 2019 12:21pm
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #89,715
- Jun 21, 2019 12:22pm Jun 21, 2019 12:22pm
{quote} London went home without any signs of profit taking from bulls. Day doesn't look over. A few more ticks to the upside and all bears sitting in the area will be underwater triggering the capitulation of the area. {image}
