Hey people,
This is the third time i buy it @ 203.50 to cut at top
How long this damned range will go ?
This is the third time i buy it @ 203.50 to cut at top
How long this damned range will go ?
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DislikedIt would seem so.. considering a break of the 100 level, which is a very important psychological level. However, I trade fundamentals.. not numbers.. so I just look out for important news or reports related to banks, hedge funds, etc. What if UJ breaks through 100 and BoJ decides to dump a lot of Yen to restrict the fall? Then UJ will shoot back up..
I tend to wait for a rally, and then short.. Every time GJ goes up 200-300 pips.. I short.. that's what I've been doing. These pairs have fallen pretty hard today so far.. of course, there's room for much more, but I'm staying on the sidelines for now.
The US retail sales will be interesting to watch.. as it might just fuel further market sentiment for bears to push carries even lower.Ignored
DislikedHi Jarroo, is your long still in?
I couldn't sleep watching the price actioning
I somehow managed to exit my previous short with one plus pip..wheww. Today's bearishness is unbelievable.. I gotta to trust my chart now. No bottom top picking anymore.Ignored
Dislikedjust price action is telling you what is going on here.'
Here is naked chart.
Do not think of 203.5 , or 203.37 as support. Really support and resistance are 'zones' . There was an interesting article in this in Stocks and Commodities magazine not long ago. Charting is not precise as lot of traders think. Do you think 205.5 or 205.478767? 205.5 right .....just to show you how to simplify things.
The real support zone is 203.5 to 204... now forming resistance.
Also on 1, 2 and 3 look how the price came down in to the support zone gently. If you zoom in on a 15 min chart you will see that the level of 203.5 was barely broken before buyers stepped in on the next 15 min candle.
This time we broke 203.5 on the 15 min and are now retesting the top of resistance zone at 204.
Any longs here are at high risk ..... the price action alone ie VERY bearish.
I am not a bull or bear ... I traded the hell out of the indexes today both side on a 2 min chart.
I can see that a lot of traders in here are being fooled , and there are newbie traders in here who blindly follow others leads.
If you must get into a long wait for a confirmation trend reversal on a 30 min.
Note for all longs out there .... we have not even broken the 10 sma on the 30 min yet.
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Disliked15 min sell trigger .. slightly safre as it gets you under the 203 support
trigger bar low = 203.3
entry 50 pips lower at 202.8
target 203.14 or lowerIgnored
Disliked15 min sell trigger .. slightly safre as it gets you under the 203 support
trigger bar low = 203.3
entry 50 pips lower at 202.8
target 203.14 or lowerIgnored
Dislikedhi malcolmb14 , weekly candle chart is forming a bearish candlestick pattern with high reliability and high power .im reciving signals .so im come back to home with my chickens that changed to bird and rooster .Ignored
Dislikedmaybe better but u/j is the key today
if it breaks 100 does it keep going or bounce back? that will make or break the g/j trade today
I have no idea, but the chances are high for a big intervention if the 100 big figure is broken
fair warning todayIgnored
Dislikedwe had this discussion yesterday already the ding dongs are not planning on intervening at the 100 level according to bloomberg article posted yesterday..........Ignored
Dislikedgreat post.
can you link to a description of how you trade the 2 min charts? time frames that short scare me in my old age but I am interested in how you manage it
thanks, gregIgnored
Dislikedis this your ma cross strategy? curious//// 10 X20 under 50? smas? is that correct?
regardsIgnored