I am looking to short again, but for those want to buy, just be patient and buy @ 1.09 round number and previous low. No need to suffer through DD.
2
LIVE Trades Only : EURUSD & GBPUSD 122 replies
Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies
Trading EURUSD only 43,752 replies
Eurusd-5m Trading Only 109 replies
Script to change EA to long only/ short only at a price level? 1 reply
DislikedEU still short next targets marked on chart. The quarterly low is significant, not much between it and the 2016 low 1.03xx {image}Ignored
DislikedS/R Levels for This Week My personal wish is that price doesn't go lower than 1.0938 but as you can see from the chart below, it still has the potential to touch 1.0906, speaking for this week only (and that would also be my ultimate low). However, if bulls can start a correction, their main target would be my most recent Dashed-BLUE TL touch level: 1.1030 where I would switch back to selling. I hope it helps.. Happy new week to all.. Stay Green {image}Ignored
Disliked... If they keep getting buyers here then price will keep going down...Ignored
Disliked{quote} Hi Miti, I dont understand a thing, why everybody thinks the only interest of banks is to trigger stops of retail traders? Retail market is as little as 3% in terms of volume. This means that they could fill all retail orders almost without moving the price (concede me this exaggerated picture pls ) Can you please explain what you said? It seems that they would still sell because retail traders absorb the offer side. Thanks for your contribution to the forum, Cheers and pips to youIgnored
Disliked{quote} In this market there are both big and small sharks. Big sharks here eat small ones. The small sharks are not necessarily retail traders but also other small funds that invest or speculate in the forex market.Ignored
Disliked{quote} that's something to think about, I never thought of it that way...I have always had the mindset of price following demand. maybe this down trend has more to do other factors besides the big sharks eating the small sharks.....swim with big sharks and you could get some of the scraps lolIgnored
Disliked{quote} but the question is ... as the small one, can we dive as depth as the big shark did ???Ignored
Disliked{quote} but the question is ... as the small one, can we dive as depth as the big shark did ???Ignored
Dislikedmay take another short position if it gets back 0916 or 0925 depending on momentum of the retracement and if it gets there a couple hours before the NY close. that's with a 5 pip stop loss 15 pip limit....not expecting much action from here..Ignored
Disliked{quote} personally, as my earlier post before, i still kept my short open with the Trailing SL ON to lock my pips and ensure my pips booked meanwhile eyeing if the humpback whale turning up to the surface anytime for their maccarel feeding frenzy, so we could join into their party. goodluck and happy trade everyoneIgnored
Disliked{quote} I was of the same mindset past few days....didn't want to give up my extra pips on the my trail stop...and want to sleep peacefully tonight. Plus I'm starting to expect a retraacement soon and didn't want to wake up to be stopped out.... Don't know how much movent we would get until 4 or am estIgnored
Disliked{quote} imho, price retracement / bouncing could be kicked of after price test the weekly lowest low around 1.08xxx {image} in my poin of view TF-H1 i see the bearish flag. sorry if the picture not to clear enough due i post from my mobileIgnored
Disliked{quote} Good call Pinguin, My fibs with a 100% retracement at 1.089 area, and then followed with a possible pullback IMHOIgnored