For example
Looking at the market now, down momentum has slowed, the nearest round number is 1.3200. I would expect a retracement on that whole number for P/A to continue upwards.
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DislikedOn higher timeframes only. Daily/Weekly chart only, I set my stops at whole number (I don't use TP unless I have a trade open and I have to step away from the market). When I intraday trade, stops are place at what I see best, as far as direction and momentum goes.
For example
Looking at the market now, down momentum has slowed, the nearest round number is 1.3200. I would expect a retracement on that whole number for P/A to continue upwards.Ignored
DislikedJust like passed 1,3310 and 1,3330 and should go up .
Time will tell.Ignored
DislikedIgnored
DislikedAre there any experienced traders (say 3+ years) here that are looking for opportunites to go long Euro in this environment? If so, I'd be intrested to know why. I'm always looking for diffrent points of view and trying to improve. I cannot see any reason to go near a E/U long button (gambling and excitment excluded). I welcome thoughtful responses.Ignored
DislikedI amlooking for longer term long positions for fundamental reasons. TIC indicates that Treasury bubble is finally bursting (and it's wonder it hasn't already when yields are negative on short term bills).
If treasury bubble bursts, it will have serious indications for US economy and country as whole, price of debt rises astronomically and the easy way is to try inflate out of debt which will quite surely happen during next years. In fact zero rate interest rate was probably aimed partly at that but didn't work.
Deflation + high level of debt is...Ignored
DislikedOn higher timeframes only. Daily/Weekly chart only, I set my stops at whole number (I don't use TP unless I have a trade open and I have to step away from the market). When I intraday trade, stops are place at what I see best, as far as direction and momentum goes.
For example
Looking at the market now, down momentum has slowed, the nearest round number is 1.3200. I would expect a retracement on that whole number for P/A to continue upwards.Ignored
DislikedYou must balls to do that
I trade intraday. Working with round number means working with a huge gap.
So when you're trading intraday you don't set a target or you don't trade at all?Ignored
DislikedYou must balls to do that
I trade intraday. Working with round number means working with a huge gap.
So when you're trading intraday you don't set a target or you don't trade at all?Ignored
DislikedI trade intraday maybe twice a week ... if that.
I mostly trade Daily/Weekly - Monthly for direction. I have an intraday account and longer term trading account.
Intraday trading is great for major news trading days. Intraday stops are always placed at "break even". I only trade in the direction of an higher timeframe such as the Daily chart. I use the 15 min chart for entries and only use one indicator, which is the EMA(21) . I play with P/A bounces or breaks...Ignored
DislikedI trade intraday maybe twice a week ... if that.
I mostly trade Daily/Weekly - Monthly for direction. I have an intraday account and longer term trading account.
Intraday trading is great for major news trading days. Intraday stops are always placed at "break even". I only trade in the direction of an higher timeframe such as the Daily chart. I use the 15 min chart for entries and only use one indicator, which is the EMA(21) . I play with P/A bounces or breaks...Ignored
Disliked....apparently green shoots of recovery for UK and Europe, all i am seeing is more unemployment and more doom and gloom.Ignored