Hi
am I right that we just got another TC Short signal in EURUSD?
am I right that we just got another TC Short signal in EURUSD?
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DislikedGBP/USD
took profit on 2nd entry as it moved up to 1st entry level (+20 pips)
and moved the stop loss of remaining position to -20 pips for a free ride.
Next target got it at 1.9712 (+20 pips) as I couldn't watch that trade and let the profits run.
+20 pips totalIgnored
DislikedI also took profit on 45 pips and still holding the second half open for around 70 pips.Ignored
DislikedWow the CT trade is rocketing up today. Now 180 pips up. Just check the news apparently the move is isolated and not down to anything other than profit taking from longer term trades ahead of FOMC. Im going to tighten up stops before just to make sure.Ignored
DislikedWow the CT trade is rocketing up today. Now 180 pips up. Just check the news apparently the move is isolated and not down to anything other than profit taking from longer term trades ahead of FOMC. Im going to tighten up stops before just to make sure.Ignored
DislikedNT Brett!
You could make a fortune just trading the MACD signals on the GBP.Ignored
DislikedI just took at a the USDJPY:
The daily is on the verge of breaking above the 89 and the 4hr is in the process of forming a TC on the 4hr at the 21 which is also around the 61.8 Fib# area (using the high from about mid Feb). I see a few things here:
1) The MACD looks like it may form a sort of zero bounce here back to the upside.
2) If the 21 does not hold, the 365 and the 61.8 Fib may form a strong support level if the 21 and sends price back to the 21 before proceeding back down (per the method) which may set up for a quicker 1hr entry.
3) But, love the buts, price is in the middle of the 4hr channel right now and I like to see price at a 'predictable area' in a channel, either at the top or bottom of it.
My bias is towards the upside at least back to the 104.80 area. My 4hr still has two hours to close...I'll watch it if I'm still awake...Ignored
DislikedFor example - GBPUSD (08:00, GMT+1) - no particular setup on MACD (see the 1st image), bullish TC on 1H (the 2nd image), on 5min price finds resistance at the level of last high.
My thoughts: setup on 1H could be taken as 4H shows bullish mode (and it can be so strong that there might be no retracement to EMA21-SMA89) BUT enter after price breaks the previous high, on the 1st retracement to the broken level. What would you say (according to this setup and in general according to similar)?Ignored