To me its kind of confusing now,feel like waiting for the next h4 to close cos to me I have a gap thats the 50fib has been taking yet im not pleased
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Disliked{quote} Only USD needs to be closed? What about the EUR that didn't close? Failure to close demonstrates a flaw in the economy of the currency, as I see it.Ignored
Disliked{quote} I just pointed out the gap on the chart that was posted - yes "all gaps should close" but that is a broad sweeping statement. While it is true that gaps get closed the time it takes varies immensely. I have various charts but what I look at is discrepancies between DXY and EU (as well as DXY and other pairs not mentioned in EURO ONLY thread ) As I write this DXY is down 0.45% while EU is up 0.54%. Lately the driver in the USD (DXY) so when there is a gap on the USD index AND EU is up MORE than DXY is down it leads me to believe...Ignored
DislikedShort 1.06351 to 1.05802, SL 1.06468 - reason is the gap on DXY that should be filled. Moving SL to BE as soon as 10pips secured then trailing as we go down in case it spikes up before data in 1hr. Gaps get filled sooner or later but then I’m buying with full force {image} {image}Ignored
DislikedShort 1.0633. TP 1.0600. I need to be careful with shorts now. I have my stops in place.Ignored
Disliked{quote} Confluence. Weekly R1 resistance, 1.06668 historic level and downward trendline. Heading to the confluent ranging ma's and the low level of 1.0590. Just reading: "The Forex market can be quite abstract and unpredictable, and taking a perfectionist approach may not be the best way to navigate it. Embracing the abstract nature of the market and approaching it with an open mind and a willingness to adapt can definitely increase your chances of success. It's all about having a flexible and dynamic approach and being able to pivot when...Ignored
Disliked{quote} Maybe too early, but I also bought EUR and closed most of my shorts {image} {image} {image}Ignored
I hope it helps... Best wishes
DislikedIt looks like we will have the same leg as yesterday... {image} I hope so...Ignored