I lost track of fundamentals here
Not my strongest area.
I will stick to entry above 2.0640
housing data is still coming
Not my strongest area.
I will stick to entry above 2.0640
housing data is still coming
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DislikedI did not trade last Friday.
The first thing I did when I returned from my travel is
to trace the end of Friday's chaos and I entered to buy.
For several hours the trade has not given more than
6pips as at the time of writing this. I will remain
with this trade until after London opens.
-------------------------------------
General Chaos = Bearish.
Areas of critical point that may affect price behaviours
are show on the graph below
a). 2.0636, represent a bearish turning point if it does not turned
at 2.0610
b) if 2.0636 is breached chaos will turn bullish until the upper edge of chaos (2.0672)
c): Take note upper edge is adjusted to 2.0672 not 2.0737
If unable to move above 2.0610 after London, I will close
buy and sell to the lower edge of chaos 2.0473/2.0436Ignored
DislikedI did not trade last Friday.
The first thing I did when I returned from my travel is
to trace the end of Friday's chaos and I entered to buy.
For several hours the trade has not given more than
6pips as at the time of writing this. I will remain
with this trade until after London opens.
-------------------------------------
General Chaos = Bearish.
Areas of critical point that may affect price behaviours
are show on the graph below
a). 2.0636, represent a bearish turning point if it does not turned
at 2.0610
b) if 2.0636 is breached chaos will turn bullish until the upper edge of chaos (2.0672)
c): Take note upper edge is adjusted to 2.0672 not 2.0737
If unable to move above 2.0610 after London, I will close
buy and sell to the lower edge of chaos 2.0473/2.0436Ignored
DislikedI have taken a bearish stand as shown by the graph for
today. I will be aiming at the lower edge, since I have
already consolidated 56pips.
But trade need to break 2.0576 and then
2.0545 before bearish chaos can be sustained
I wish you happy tradingIgnored
DislikedTrade behave as predicted so far.
But there should be a better clearance
away from 2.0546 before one can be confident
that we will get to lower edge quickly.
There is fundamental news coming up
( Manufacturing PMI) in less than 20mins from now.
Previous was 52.9
forecast = 52.5
if data is 52.5 or below, this sell should continue
to lower edge. if it is above 52.9, I will close my
trade and watch the market reaction to the news.
Currently my stoploss is at 2.0594 - 1 pip profit.Ignored
DislikedWARNING
Ideally I would love to sell from 2.0636 but I am not in at the moment
1. Internal structure of this current chaos is showing uprising
bullish fractal patterns from 5mins frame to daily time frame.
2. Hourly has thrown in a strong reversal candle pattern, though
this is irrelevant to me. If it breaks 2.0636, bullish may prevail
3. Upcoming news supporting this sentiment is as follow
ISM Manufacturing Index
forecast = 50.5
Previous = 50.9
If fall below 50.5 bullish may continue
If it is higher than 50.9 sell may continue
According FF a rising trend has a positive effect
on the nation's currency.
This is why I will prefer to enter sell at
2.0636 and sell below it, with stop loss
at that level. but meanwhile I will prefer
to watch the market even it means not
trading again today.Ignored
Disliked
General Chaos = Bearish.
Areas of critical point that may affect price behaviours
are show on the graph below
a). 2.0636, represent a bearish turning point if it does not turned
at 2.0610
b) if 2.0636 is breached chaos will turn bullish until the upper edge of chaos (2.0672)
c): Take note upper edge is adjusted to 2.0672 not 2.0737
If unable to move above 2.0610 after London, I will close
buy and sell to the lower edge of chaos 2.0473/2.0436Ignored
Disliked
ISM Manufacturing Index
forecast = 50.5
Previous = 50.9
If fall below 50.5 bullish may continue
If it is higher than 50.9 sell may continue
According FF a rising trend has a positive effect
on the nation's currency.Ignored
DislikedGeneral Outlook today = Bullish
From the lower edge to upper Edge see graph
Detailed report maybe given after London open
Currently I am selling to Lower Edge.
from 2.0639 : stop loss 2.0650
I will place another pending order to buy
from lower edge to upper edge.Ignored