bought crude on rejection..
at last high didn't take 55 but this time i'll take 51
at last high didn't take 55 but this time i'll take 51
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DislikedMorning All,
I attach a chart a trade (on demo) I took based on strong supply at this level.
I took the trade on the bar with the arrow. (I took it at the breach of the small PB).
Trade immediately reversed, and I would normally have stopped out, but stayed in due to divergence on Stochastic. (I read this in one of the articles posted by Emene yesterday)
Good Trading or Good Luck http://www.forexfactory.com/images/icons/icon5.gif
Comments are appreciated.
Please ignore trade at 1.6308, it was taken on the 26th of May, I have taken...Ignored
DislikedOnly active session I get to trade this week. Hope I haven't missed all of the action. News tomorrow.
Left is EU right is GU both M5, both are showing the next level I'm watching for a bounceIgnored
DislikedOnly active session I get to trade this week. Hope I haven't missed all of the action. News tomorrow.
Left is EU right is GU both M5, both are showing the next level I'm watching for a bounceIgnored
Dislikedhey man, about eur/usd chart, what you defined was actually a small bonce level or big reversal level, becouse i was more looking for 1.439 demand
any comments?
thx mikyIgnored
DislikedWith a level like that I'll take a bounce and get my stop to break even pretty quickly. I like to go for mad r:r, and a bounce can at least get you in a position where your stop is at break even.
With a more quality level I'll give her more breathing room for the institutions to accumulate their position.Ignored
DislikedDidn't hold on to the next one. Took a small pin at that level and lost 5 pips, I'd trailed my stop up nearly to BE.Ignored
DislikedHad an order north of a 5m pin retesting demand but it never got filled. Today has been shit so farIgnored
DislikedWeve been looking very closely into the same zones you posted today, unfortunately they didnt provde the big reversal we were hoping for.
Unfortunately that GU trade i got stopped out on last night went exactly the way i expected it to and crashed up 100 pips, almost complete reversal today =/Ignored