Trapped like a little bear earlier, thankfully I made up for it. Small short again at 1.1226, still looking for 1.118, 1.116, or 1.113 by Friday. Maybe add if it goes to 1.1235 for swap, not that it is more than a few pennies lol. EUR/GBP looks like it might return to .901, but maybe it goes back up past .905 now that USD might be done dipping for the day. Watching patiently.
Joined Sep 2017
Status: Still a total mystery
I think I will REST for the week... this nasty rebound Where (were) the bulls when you need them?
Please BULLS, SLOW the DECLINE next time so I can SHAVE the... yes.. without this disturbances..
This is the bad sad of being "right" too much.. there is always this nasty.. rebound.. which I could trade but can not afford to be TRAPPED...
So bulls have your RED CLOTH for the week Enjoy it... I just hope that either BEARS will EAT it SLOWLY (counting from beginning of next week to maybe end of OCT19).. slowfood ftw...
or that they (BEARS) must PRESS (down) but BULLS will be holding the FORCE a bit.. so that it falls sLOWLY... as I have repeated just one time too many...
You have my sentiment... Discussion to be continued in October... in the AFTERMATH.. I predicted quite linear decline.. but nevertheless decline will happen, 300-1200PIPs.. is current estimation (still)... The info is somewhat worthless, at least for DAILY traders.... but should you have WIDE turning.... just SHORT (even random and wait.. it might COME... eventually... (down) TREND to the RESCUE..
This info could be worhtless... but could be worth, let's be modest and use the M-power... M-illions...
In case anybody was wondering what the trade is...
Direction of trade is without a doubt, long (unless someone takes a big shit, and that someone is either CBs).
Technically, it could be anything; held and respected fibo, verified S/D level, double bottom, or whatever.
Personally, I like to look purely at price. This is near the 2 year lows, so my guess is that this price is pretty fecking cheap.
I reckon there will still be 3 or 4 opportunities to buy at that price (or better) nearing the end of the week for those who missed the train.
Oh, and for those *cough* asgcorp *cough* who might b*tch about me not showing the actual transaction, I use a prime of prime broker and execute most of my orders through the phone or via email directly with my broker, so it doesn't show up on MT4.