I do not see anything to cause me to place an order. I am just waiting. The EUR/USD is testing the 1.4774 level. I may have to wait awhile to see what it does at that level. Will that support hold and will it go up from there? Time will tell.
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DislikedI do not see anything to cause me to place an order. I am just waiting. The EUR/USD is testing the 1.4774 level. I may have to wait awhile to see what it does at that level. Will that support hold and will it go up from there? Time will tell.Ignored
DislikedDarendse,
You were right about the EUR/USD. You have a good trade in play. I placed a TP at 1.48906, and I will move my SL up as the price moves up. I probably am trading too cautiously, but I have a $ profit goal for each week. At this time I have already exceeded that goal, so for the balance of the week, I will be cautious.Ignored
Dislikedwho knows... but it is looking like it, and I do have an order in above that level to take me in should it be broken.
Rightly or wrongly it is just one of my approaches to trade breakouts of Highs and Lows.
Of course you get many fakes outs but when they go they really go! :-)Ignored