I see you all using what you have learned and taking a few pips here and there. The biggest thing I have learned is to go after the big moves and try to stay out of the market as much as possible.
This is an up move long term. period.
You may get a few here and there on a down move but dont trade againsed the trend. The US market has bottomed and I will be buying dips in the this pair for quite some time.
I see you all using what you have learned and taking a few pips here and there. The biggest thing I have learned is to go after the big moves and try to stay out of the market as much as possible.
This is an up move long term. period.
You may get a few here and there on a down move but dont trade againsed the trend. The US market has bottomed and I will be buying dips in the this pair for quite some time.
Ignored
Hi Klinck,
May I know what technical studies/indicators you use for long term trading as I am mostly an intraday-scalper. Trends, candle studies and S&R have worked well so far but I am still far away from holding trades for a long time, psychologically.
Almost...but Volty is not there yet...right? More like 3916?
Ignored
I have scrapped the volty as the entry trigger in favour of something slightly more responsive. The Volty is all good though it's just costing me slighty too many pips as a confirmation tool.
May I know what technical studies/indicators you use for long term trading as I am mostly an intraday-scalper. Trends, candle studies and S&R have worked well so far but I am still far away from holding trades for a long time, psychologically.
Ignored
Head and shoulders on the daily chart from middle of may to middle of june. created a neckline that if you draw from bottom of one to the other you get a resistance line.
At this line you could have bought I bought alittle high cause I did not want to miss the move.
Also on the daily the Comodity Channel index is down in the negitive 110% range this just helps to know its over sold. Not really a good indicator for entrys.
As expected the US dollar made gains against the greenback yesterday as traders looked to find relative safety in the dollar vs. other investment vehicles. Pair made a textbook clean drop after touching our resistance level at 1.4050 for some nice pips. I expect more of the same for today, after perhaps a brief rally/bounceback in the asian markets to clear oversold positions.
Trading Idea: Still looking to sell rallies near resistance, now at 1.3950 and 1.4000. Short targets at 1.3915, 1.3880 and 1.3830.
I see you all using what you have learned and taking a few pips here and there. The biggest thing I have learned is to go after the big moves and try to stay out of the market as much as possible.
This is an up move long term. period.
You may get a few here and there on a down move but dont trade againsed the trend. The US market has bottomed and I will be buying dips in the this pair for quite some time.
Head and shoulders on the daily chart from middle of may to middle of june. created a neckline that if you draw from bottom of one to the other you get a resistance line.
At this line you could have bought I bought alittle high cause I did not want to miss the move.
Also on the daily the Comodity Channel index is down in the negitive 110% range this just helps to know its over sold. Not really a good indicator for entrys.
Ignored
26 is my next resistance. CCI is over sold on 4H chart also but we are bouncing between the 200 and the 100 ema's
retracement early than I can see.... 
