GBP/USD long
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Intraday price action trend trading
- #9,515
- Mar 16, 2012 8:35am Mar 16, 2012 8:35am
Nice catch on last CT trade. I'm still holding mine, expecting retracement after big move like today.
Tough Times Never Last But Tough People Do
I'm short EU from 1.3179xx, target 1 at minor demand at ~ 1.3160...
Too many late to the party buyers keeping price up even after hitting supply...
Do you think the supply at ~1.3220 might be what price is reaching for?
Also in terms of swing, do you think the downtrend on the daily chart of the eurusd (started ca. may 2011) is beginning to slow down and perhaps even trying to reverse? Demand is causing far stronger retracements than even a few months ago. Would love to hear you guys on this.
Thanks for sharing your trades, as an aspiring price action trader, it is inspiring.
Too many late to the party buyers keeping price up even after hitting supply...
Do you think the supply at ~1.3220 might be what price is reaching for?
Also in terms of swing, do you think the downtrend on the daily chart of the eurusd (started ca. may 2011) is beginning to slow down and perhaps even trying to reverse? Demand is causing far stronger retracements than even a few months ago. Would love to hear you guys on this.
Thanks for sharing your trades, as an aspiring price action trader, it is inspiring.
- #9,517
- Mar 16, 2012 8:42am Mar 16, 2012 8:42am
nice mate , but i dont like to hold ct trades too much , plus eu is not retracting much today after daily ob break
. Let's see what's happen.
- #9,518
- Mar 16, 2012 8:52am Mar 16, 2012 8:52am
Reversal or retracement, nobody knew until it happen
Ps if you are expecting reversal here ?? , i guess there is free way to 100 more pips in 1-2 days
Tough Times Never Last But Tough People Do
- #9,519
- Mar 16, 2012 9:09am Mar 16, 2012 9:09am
I'm short EU from 1.3179xx, target 1 at minor demand at ~ 1.3160...
Too many late to the party buyers keeping price up even after hitting supply...
Do you think the supply at ~1.3220 might be what price is reaching for?
Also in terms of swing, do you think the downtrend on the daily chart of the eurusd (started ca. may 2011) is beginning to slow down and perhaps even trying to reverse? Demand is causing far stronger retracements than even a few months ago. Would love to hear you guys on this.
Thanks for sharing your trades, as an aspiring...
See the 4H chart. It could be double top, could be only retracement and continue it's upmove. Look at zone in the chart(marked in dark red & olive rectangle), my nearest support zone is 1.3100 RN area. Let's see what's happen.
From my experiece, after moving like this, price usually make quite big retracement. My personal preferences is don't try to get the whole move. Be happy with what market gives you
- #9,520
- Mar 16, 2012 9:20am Mar 16, 2012 9:20am
hahaha , right said , no body knows what will happen , even in trend continuation , we are just playing probability game
Ps if you are expecting reversal here ?? , i guess there is free way to 100 more pips in 1-2 days
