okay too early for bears here but it's facing huge resistance now... sooner or later it will correct
Dislikedokay too early for bears here but it's facing huge resistance now... sooner or later it will correctIgnored
DislikedHad a buy order at 84.55 in the hope
it would spike down to the 50% retrace
but it never got there.
Don't want to chase it but i'll be looking
to get long on any pullback,86.50 would be nice.
First target would be around 89.80Ignored
DislikedI watched the old girl fall right through my entry
level of 86.50,there was no sign of any price action
to enter at that level,next valid entry for me was
85.75,i've gone long at that price with a stop at 85.30,
not sure about this trade but i like the RR and the swap rate,first target 87.30.Ignored
DislikedLong again at 84.14,SL 83.80.
Dropped right down to the 5 min chart
to pick this up yesterday,i'm happy that its
daily close was above my 50% pullback level,
first target 85.80 but looking for it to go higher.
My trading week finnished yesterday,bank holiday
here in the UK today and Monday so no trading till Tuesday,
lets see where we are then.Ignored
DislikedSo,twice now i've thought that there was a light
at the end of the tunnel but all it were was another
speeding train about to run me over,never mind,no harm done.
I've made a new chart with some levels i'll be watching,
i just can't bring myself to short this thing,paying that negative
swap every day would make me burst into tears i think and with the larger
spread i've no interest in day trading it,so i'll wait for a buy entry.Ignored
DislikedI dont want trading on hunches to be a habit...
-But a small hunch of mine was no one will want to short this pair.
-Alot of big players simply need volume to trade with.
-Since alot of traders would want to BUY on dips with a large swap rate. Thats alot of volume to close out longs for LARGE holders.
The RSI divergence was my sign to hold my short in early march.
I had a 120pip loss at the Head's tip.
Closing 4/5 of this position in 10minutes or less.
swap was 7% of 500 pips after 28 daysIgnored
DislikedI dont use stop loss's on most trades.
Im sure there will be those that say i should have put a stop on the previous high blah blah.Ignored