Today's long position closed. Waiting for new long opportunities.
Money Maker
1
Trading EURUSD only 43,756 replies
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Disliked{quote} Thanks, Ata. Been sittung aside for a while. But I am stuck with a short trade that does not look good. Just wander whether to leave it or just to close it and accept the lossIgnored
Disliked{quote} Apologies as you asked Ata, but my friendly 2 cents :wondering = how can one have reason to hold anything without knowing why? = close. Whatever you decide, I am wishing you all the best mate, sincerely
Mtako
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Disliked{quote} Hi, mate! I appreciate all the oppinions here. I had what I was thinking was a good plan and strategy, but was cought suddenly by supprise by the up move. Now I think this pair is overbought, not 100% sure tough. That is why was lookong for an oppinion of more experinced traders. Gratefull to everyone! CheersIgnored
Disliked{quote} Hi, mate! I appreciate all the oppinions here. I had what I was thinking was a good plan and strategy, but was cought suddenly by supprise by the up move. Now I think this pair is overbought, not 100% sure tough. That is why was lookong for an oppinion of more experinced traders. Gratefull to everyone! CheersIgnored
Disliked{quote} The FX market is not a centralized market.. Every broker needs at least one liquidity provider to receive market data to its own servers.. Now technically speaking, the data that is streaming to the broker's server then is directly fetched by your MT4 desktop app. So MT4 on your desktop is only fetching data from a server. Not that I am sure of, but with this logic if you are still getting different charts despite same account type, the reasons could be: One group of broker servers (A) are getting their data from liquidity provider A, and...Ignored
Disliked{quote} Keep in mind a pair can be overbought for a very long time before ever reversing at last. Also, if you go even further back in time with your plan and strategy, you will find other instancesvery similar to this one(the more instances you work on the better BUT also have a plan for the rarest ones!). And if you do the work, it should change your plan and strategy accordingly = save you from more surprises in the future (not all! - that's the market for ya), as another skill to develop is the skill to adapt, and to optimize a given strategy....
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DislikedEURUSD had a very good week, it almost took out 1.0369 as it rised above 1.0198 on bad news for the Dollar and some market optimism about lower gas prices in Europe. The upside move is considered a consolidation and it can fall easy as it rised so be carefull with your longs and don't underestimate the bears they could be out there hiding around here and the S2 Yearly level - see weekly chart. The pips that the EU can travel at the next week are 211 but any news can help it rise above that number. For now its good to watch for price action...Ignored
Disliked{quote} 0.9 would be my preferred scenario, seeing a rising wedge signal, which is why I am still short.Ignored
Disliked{quote} For shorts you need to see weekly closing below 1.0190. Warning : This same spot could also act as strong support to 1.0638 which is the last zone of this Pullback. You can sell it here blindly. Watch the PA's.Ignored