2012.11.08 07:47:20 '........7': order #.........70 buy 1.00 EURUSD at 1.27479 was modified -> sl: 1.27320 tp: 1.31000
a totally aggressive order based on Volume in D1 and candle formation on H4
chance of hitting stop is higher than 50% but i wanted to follow my system and one of the rules is "sometimes after a big gain bet on 5% of the gain"
if SL touched and price passed 1.2735 i will reverse it and tp will be 1.2635 for first step
mentioned before, a set of strong supports are below 2767, usually this cluster needs a fundamental help to be broke. oscillator is suggesting more downward continuation but pa seems to be reacting supports set.
now i just hold my 1.3100 sell position and i just will enter long after a confirmed break of SDP at 27889 at least in M30 Attachment
Ignored
today's calendar is almost red. lets see theses levels could resist or not
so what now euro going up or still goes down ? if she goes up than where ? cause Dayli is still heavily down
Ignored
still chance of going down is higher(i disagree just because of last day's volume but not as what chart's geometry is telling)
but today is a rush day every where has a news impact on chart
in upside movement theory if we denois the chart from my point of view could reach again higher than 1.29xx and even higher don't forget we had a triangle (wedge) broke and now it can turn easily to a flag that we know the output is usually bullish
i have 2 suggestion for myself in such fundamental days
1. today could be a rest day for me(fishing day)
2-trade on one side(don't try to catch all waves ==don't scalp today) with small size and small SL and big TP like i choosed just based on my system and not randomly (high chance of SL to be touched)
beware break of 1.2735 could turn every thing reverse and 1.2635 is good target for that break
still chance of going down is higher(i disagree just because of last day's volume but not as what chart's geometry is telling)
but today is a rush day every where has a news impact on chart
in upside movement theory if we denois the chart from my point of view could reach again higher than 1.29xx and even higher don't forget we had a triangle (wedge) broke and now it can turn easily to a flag that we know the output is usually bullish
i have 2 suggestion for myself in such fundamental days
1. today could be a rest day for me(fishing day)
2-trade...
Ignored
I hope she is still down sir cause i had short @ 2750
about 5 min later : Ger trade balance will be released. any number higher than 20.1(small chance to be so ) ===> i will buy, else i will not trade on it and will keep current long position
about 5 min later : Ger trade balance will be released. any number higher than 20.1(small chance to be so ) ===> i will buy, else i will not trade on it and will keep current long position
Closed everything yesterday. Greece vote made me worry. The kind of news that can change everything and NZD sudden move triggered exits.
I see no save entries at the moment for longer term continuation. Price is far from my MA's. gotta wait now. Usually when price moves away from MA's too quickly it is not a good sign. I might be wrong but past few months environment has not been good for longer term trends on pairs I trade. except September. I might be wrong, but if there is trend and opportunity I will enter. for now, refilled coffers and waiting.
If E/u and eur/jpy makes what i am waiting for I might go short again. Both are pulling up towards resistance levels again.
