I realy thank you Jupiter that you point me to this interestig set up, i was missing till now. It brought something new in my bag of knowledge.
"I took a chance because yesterday's range was excessive"
Well. Daily ranges on 15 and 19 of september 2008 were excessive either. And what. 23rd of september he sold EURO because of:
1. Uncoverd gap on down side at 1.4413 on eur/usd. 2. USD oversold condition 3. Trendline on USDX connecting weekly tops of 24/03, 05/05, 09/06/2008 4. And another couple of lines connecting daily lows of 14/08, 21/08 and 27/08, 28/08. But Cable changed it inraday move from down to up and thus presented warning to Igrok's euro short and forced him to close at breake even point.
Just wasted my time on this trade.... I missed a better spot above 1.4800
He was frustrated because was aiming not just daily range. He missed a good opportunity to catch the very top of new trend. By a single trade. I shared my opinion. Now wait for yours. Hope that you will show other ideas about Igrok tricks.
"I took a chance because yesterday's range was excessive"
Well. Daily ranges on 15 and 19 of september 2008 were excessive either. And what. 23rd of september he sold EURO because of:
1. Uncoverd gap on down side at 1.4413 on eur/usd. 2. USD oversold condition 3. Trendline on USDX connecting weekly tops of 24/03, 05/05, 09/06/2008 4. And another couple of lines connecting daily lows of 14/08, 21/08 and 27/08, 28/08. But Cable changed it inraday move from down to up and thus presented warning to Igrok's euro short and forced him to close at breake even point.
Just wasted my time on this trade.... I missed a better spot above 1.4800
He was frustrated because was aiming not just daily range. He missed a good opportunity to catch the very top of new trend. By a single trade. I shared my opinion. Now wait for yours. Hope that you will show other ideas about Igrok tricks.