this morning i tried to buy at 78.6 retraement. i took a small loss. the way i see it...78.6 retracement is a good place to enter cuz u can keep the stop pretty tite. so...when mkt retraced between 72.5 and 78.6 i started scaling in short side.
as for the rest of the day...step by step.
right now i am holding 1 lot short from 64.
i will feel more comfortable if we get short side dig from lag. then i will look fro mroe downside, at least to test 37-40 area.
yes. this entry is in advance of any lag. signal, however, i believe that whenever you can trade at key levels, you increase your potential for a profitable trade and traders need every edge they can get.
as for the rest of the day...step by step.
right now i am holding 1 lot short from 64.
i will feel more comfortable if we get short side dig from lag. then i will look fro mroe downside, at least to test 37-40 area.
yes. this entry is in advance of any lag. signal, however, i believe that whenever you can trade at key levels, you increase your potential for a profitable trade and traders need every edge they can get.
DislikedHello FX.
You mean at 164.68? (is this a fibonacci line in your chart there?)
What we expect for E/J for the rest of the day?
Thank you in advance for enlighting me.
BasilIgnored