So far the weekly range on the swissy has been too short. Making a new low of the week is likely to be followed by some decent extension. 1.0700-40 level looks like a good near-term target.
Forex Ideas & Comments 18 replies
Fibonacci thoughts & ideas.... 13 replies
Yes that is exactly why I took the trade.
Also as Igrok mentioned, the weekly range was tight.
By entering on a break of the daily bar I was trading with the MMOTD and it wasn't to far untill I would be trading with the MMOTW.Ignored
DislikedI often know where the intraday stops of the big guys are and place my limits there or right behind.Ignored
How do u determine the intraday stops of the big guys ? From the charts or contacts within the industry ?Ignored
Dislikedseems like common sense to me
Dislikedconcides with a rising trend line
DislikedSo if my understanding is right so far, your stops would of been set at around 1.0970 (last intraday high), and would you be trailing the stops around 100pips for saftey.
DislikedAlso in favour of the trade is that we have reached or exceeded the monthly range, therefore the upside is limited.
DislikedNot watching it. More interested in JPY crosses now.Ignored
DislikedIt seems EUR/USD can make another couple of hundred pips to around 1.51 before considering entering some shorts.Ignored