Let's see!
If this does not retrace fast, all this can be a mess for my shorts!
If this does not retrace fast, all this can be a mess for my shorts!
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Dislikedthat's what I thought and I lost 100 pips after making +30 pips shorting
The good thing is that I'm learning to take a loss and as all trading guides says I only play money that I can afford to lose
P.S. I didn't expect to be on profit first month, maybe I'll break even next monthIgnored
Dislikedat times like this i think people like jurasic could help us out.where are we heading?Ignored
DislikedNothing is inevitable... however... completely agree we are headed lower.
Probably to a double bottom longer term but to 61.8 near term.Ignored
DislikedThe gap created by the last down move.
It will close.
You can also see the 61.8 of the last big down move. (Near .4258)
When it gives - the entire move will retrace and create a double bottom.
MikeIgnored
DislikedYou are right, acumen. Nothing is inevitable. How about "very strong possibility"?Ignored
Dislikedagreed....retest of previous downtrend channel complete...61.8% touched and not broken....the wedge up has hit the upper wall and now will break through the lower wall most likely which then in turn will lead to a new low for today
only really bad news could stop this from happening which is always a possibility
time for completion of a new low...before us session ends
Attachment
Sidenote-a rising wedge (just like most channels) that has price action sticking to one wall usually moves fast in the opposite direction at some point...in this case it stuck to the upper wall and most likely will fall hard to the lower wallIgnored
Dislikedthank you...my -120pips earlier turned into +0...hopefully this move puts me at +150 for the day haha...well see
Edit: one more thing and then i will stop.....the move up (low of the day to current high) has 23.6% fibs exactly on the 50% fib line for the bigger downtrend....that also happens to be where the lower wall of the rising wedge is currently....a break of this value confirms the continuation of the bigger downtrend...this value is 1.4432Ignored
Dislikedcongrats on getting back to even. I have a hard time doing that some days. The funniest thing is, i'm only +11 pips, but I've made a good bit of $$$ today. position sizing is key.Ignored
Dislikedcongrats on getting back to even. I have a hard time doing that some days. The funniest thing is, i'm only +11 pips, but I've made a good bit of $$$ today. position sizing is key.Ignored
Dislikedit can all be summed up into one word...emotions emotions emotions....control those and you control the marketIgnored
Dislikedit can all be summed up into one word...emotions emotions emotions....control those and you control the marketIgnored
Dislikedaye. I just finished reading, "Trade Your Way to Financial Freedom" by Van Tharp. decent read. that was one of the stressed items. position sizing was key as well. the martingale principle was discussed as well.
i've moved onto "The Psychology of Trading" by Steenbarger. Just started reading. It was a "present" from my account manager at my broker.Ignored