DislikedYou have to realise that price is in up trend, so to short the time that you did, is a risk trade. If price is going to reverse, then really u should wait till completion of 8am 4hr bar to be bear. If you think that the currency will reverse, then the following scenario should play out.
The next 4 hour bar (8am) which opens in 15 min will be bear, then the midday 4hr bar will be the bar in which you enter a short. The worst you could miss out on is 25 pips when the 8am 4hr bar closes just above the 50 figure. More likely the 8am bar will push...Ignored
- #597,624
- Feb 20, 2012 11:41pm Feb 20, 2012 11:41pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #597,625
- Feb 20, 2012 11:42pm Feb 20, 2012 11:42pm
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
Don't give up
- #597,627
- Feb 20, 2012 11:45pm Feb 20, 2012 11:45pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #597,630
- Feb 20, 2012 11:51pm Feb 20, 2012 11:51pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
is today going to be equity sell off day or it need some bad news
edit :
Kiwi how is life , your present here adding strength to my bearish view
Ladies nice reaction, 1st trades since, see if brits can maintain, harvest nice pips, last visit here, waiting see if new fills can harvest more green pip.
EU fill 3276 already at her 1st fence 3238
Aussie fill 0740 still room till 1st fence but she sync other ladies
Kiwi 8394 already reacted minor sup 8370 1st fence 8340
Cable try defend 5866 5856 1st partial entry sl 5876
Geppy waiting if close below 2651 will partial her, scalp possible trade longer term,
Waiting Brits
If you are new to Forex? Say Goodbye to your account!!
- #597,631
- Feb 20, 2012 11:57pm Feb 20, 2012 11:57pm
I am absolutely NOT here to survive, I'm here to make profit, surviving just comes with it.
(*trading his funds, albeit on trial)
I'm just a small fish in a large pond; forever swimming against the tide.
- #597,632
- Feb 21, 2012 12:02am Feb 21, 2012 12:02am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
Morning all
This week is down for EURO, because of the Greece News Action. But before that, lots of stops will be taken and once the fundamentel moves takes action, we can hit the 1.30 again..
beware from big boys and gl
This week is down for EURO, because of the Greece News Action. But before that, lots of stops will be taken and once the fundamentel moves takes action, we can hit the 1.30 again..
beware from big boys and gl
- #597,634
- Feb 21, 2012 12:05am Feb 21, 2012 12:05am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #597,637
- Feb 21, 2012 12:13am Feb 21, 2012 12:13am
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
Don't give up
