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Joined Jun 2011
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Status: I don't sound like stochastics/MAs
|217 Posts
I am really puzzled about today's news jungle. I'd like to open shorts for EU and GU at ends of current bullish cycles (within one hour), but I'm afraid of all the news, you know.
You guys taking shorts now ? What do you think about all the news ?
Short at second rejection of 1.317xx area, there is still some upward risk but my SL is a bit loose.
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A bit hard to say second rejection, anyway. 1.3170 is a pivot point which currently holds, and from my perspective should hold (to my opinion ..)
But as always I have a small stop, in this case at 1.3190 (entry 1.3171 sell)
Usually I would enter a bit later (in 2 hours or so), so maybe best to wait a bit what happens ...
A bit hard to say second rejection, anyway. 1.3170 is a pivot point which currently holds, and from my perspective should hold (to my opinion ..)
But as always I have a small stop, in this case at 1.3190 (entry 1.3171 sell)
Usually I would enter a bit later (in 2 hours or so), so maybe best to wait a bit what happens ...
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If it breach I think I will go to 1.3200 and back to retest 1.1317 to be safe my SL currently @1.3207, so if things go wrong and price retract back I would have a chance to close it near BE area. Now I am watching USDX movement, if it break to south and EU lag behind I will close my short.
agree, some serious hesitation in both ways. Overall I think most of them are looking for a sell and the top candidate for a sell is 1.3260 (or the ultimate SL for sellers)
we are on an obvious retrace to 61.8 what so ever.
after finish this we will have transition move between finished cycle and new beginning cycle.
for pretty graph which i like, it need to have one more cycle to down. however if i think about length of this daily retrace cycle (900 pips going up to finish retrace of daily trend ) so, it is also reasonable to finish up the retrace and just go up by tomorrow...
This is my understand of euro/ usa
we are technically still up trend of monthly
we are "" bottom of indecision range of weekly. we are...
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at 1.3174.....this is moment or wait the open london?
Need some advice. I have a position on the Euro position from 1.3092. PT at about 1.3200. It is already at a minor resistance level now. Do you think I should exit the trade before the London session start?
'For the market to work, it needs people who think that they can beat it.'
Need some advice. I have a position on the Euro position from 1.3092. PT at about 1.3200. It is already at a minor resistance level now. Do you think I should exit the trade before the London session start?
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however,
aud/ usd chart will give you clear idea. it seems anxious to go up hard...
Hello to all members 
