The Black Swan: The Impact of the Highly Improbable
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Dislikedyou can use it as a support and resistance to some extent. However that indy plays a part of my trading decision when i try to pick top or bottom. I also use volume and i reg indi, All that gives me a picture at what price should i take a trade. Depend on ur mentality that indi can be useful or useless.Ignored
DislikedGood day to you,
Sell went in @ 1.6422. Solid counter trend trade. Not to be followed. Scalping. SL @ 1.6450 area.
RegardsIgnored
DislikedAdded another 11 Lots long @ 1.6408 Sl- 1.6299 TP-1.6520
Total 36lots long for TP- 1.6520Ignored
DislikedAdded another 11 Lots long @ 1.6408 Sl- 1.6299 TP-1.6520
Total 36lots long for TP- 1.6520Ignored
DislikedGood day to you,
Sell went in @ 1.6422. Solid counter trend trade. Not to be followed. Scalping. SL @ 1.6450 area.
RegardsIgnored
DislikedLook at this example it's even going with the daily uptrend - I'm not saying you would have taken this trade but let's say you did - trades are placed , as you suggest "30 pips away from eachother" it would have given you a 3600 pip DD assuming your stop was where "trade number 16" would have been placed - and what was the expected result after placing the first entry? 50 pips? 150 pips?Even a 150 pips expected profit is pretty small compared to the DD , which is more than 20 times larger
If you have traded like this for 4 years and turned...Ignored
DislikedGood day to u too,
thnx for your info... i just stop my long from 1.6361 and take profit at 1.6401... of coz im not going to follow u... anyway this is what I see now.....
Im just wait for another long now... or maybe tommorow then.. coz for me 20 pips is more than enough... 40 pips..its a bonus for today...
thnx.Ignored
A run through the above numbers, may throw a spanner in the works for the bulls.
3) A bit lower on the chart, we have last week Thursday's low @ 1.6260. Interestingly, the 50% line of last weeks total move ( pivot) is at 1.6257
4) The 50% line of the month's total move is @ 1.6198.
As you can see, plenty of possible blocking numbers - should price attempt to move lower.
All the best
Regards
DislikedSorry - gotta look at the upside too, before I am accused of short bias..
Also indicated and numbered:
1) Obviously a break above 1.6425 will lead the way.
2) However, watch for a break and the re-test - only enter after the 1.6425 level held as support. Watch for the fake...
3) Nothing much in the way to 1.6609 - just one thing... this number is based on price angle and time lapse - with the timing to reach that number by the end of this week!
So - 300 pips away... 4 days to get there... Possible? Likely? We wait and see..
Wish you all...Ignored