after watching the market from the sidelines for the past ten days, i finally see reason to enter a short. here's what i just did.
(1) moved $500 to my trading account.
(2) divided my equity into 200 pips and went short @1.3752
(3) t.p @1.3200 s.l @ 1.3852
This trade is programmed to automatically terminate in 75 hours no matter what.
gotta go do some cooking now...
cheers people
what we are currently experiencing is called stop hunting. until early this month majority of traders where bearish and that indeed is the true direction of the trend.
now the big boys are just trying to shake us small timers out of our bearish trades into changing our positions to bullish then they will wipe out our stops when she resumes her plunge down to the deep unknowns.
caution my people!!!!!!!!
C.O.B.R.A FX - MENACE TO MY BROKER!!
