Excellent trade though entry a little bit risky because just above the central pivot... but all other rules are met. So completely valid. Congrats!
HI cfp85
Kind enough to share your chart. PLease do tell us where you get your coloured cci? thanks
- #5,401
- Feb 9, 2009 2:24am Feb 9, 2009 2:24am
Just gave a bullish divergence...
- #5,408
- Feb 9, 2009 3:47am Feb 9, 2009 3:47am
First entry of the week...lets see how it goes...
Hi Lenador and the other person that took that trade....my comments:
I would have imagined that this trade would have ended up with bullish divergence due to the following:
From the current low of trix I have identified two possible levels for the next low of trix, the low you would be involved in.
Level 1 is in green and that would lead to bullish divergence.
Level 2 is in red and would be a lower low in trix or trend continuation.
Look at the current level of trix, it was pretty low already, in fact it was coming out of oversold...it might be difficult for PA to make a lower low than an oversold low...
I would have not taken that trade...
I did not look at the 15 min but maybe something in that T/F would have also been a cause for caution.
I hope this is not confusing.
Let me know what you think...
ADD: on the other hand, I do not have the charts pulled up, it may very well move in your favor...that was just my two cents and let's see what others have to say...
Deprive a man of everything and you give him nothing to lose.
- #5,417
- Edited 5:37am Feb 9, 2009 5:25am | Edited 5:37am
- | Joined Jan 2008 | Status: Trader | 330 Posts
Good morning to you all!
What do you think about the day trend for EURUSD? It looks like it's going south in order to correct the non-farm movement.
I'm looking for an opportunity to open a short, maybe near 1,2955 and with all the THV rules pointing down.
ADD: Just wanted to add in that Barclays bank anounced good profits in the news so this is probably the reason for bit more strength in GU today, looking great
Still looking to short the EU with pleasure though if it falls soon...
- #5,418
- Feb 9, 2009 5:57am Feb 9, 2009 5:57am
Although I do not have V3 installed on the laptop it was clear on V2
Based on the break of a resistance and the T/L, entry on the 1 min was good for around 20 pips...
I am just gonna install V3 now...
ADD: that was a bit on the risky side...
Based on the break of a resistance and the T/L, entry on the 1 min was good for around 20 pips...
I am just gonna install V3 now...
ADD: that was a bit on the risky side...
Deprive a man of everything and you give him nothing to lose.
From the charts you can see although Pound is gaining nicely against the dollar, EU seems to be struggling to make good moves up and looks like it wants to come down...Im looking eagerly for a nice short signal on EU soon as its crossed the coral on m5. Lets see how it goes...
ADD: Just wanted to add in that Barclays bank anounced good profits in the news so this is probably the reason for bit more strength in GU today, looking great
1,4983 and 1,2990 are the levels for possible reversion.
Let's see.
Trade safe.
