DislikedFINALLY closed my top short for 40 pips. Had this position since Jan. Now 24 more shorts to go to 1.21xx
Patience and MM are KEY to survial in any market. My account is living proof.Ignored
EurAnalysis Kindergarten 24 replies
DislikedMAKE IT OR BREAK IT...
I bet there is a massive amount of bulls STOP LOSS orders below 1.3000, you know, some will have 10 pips, others 50pips etc etc...
If 1.3000 will be broken it will with high probability trigger all their STOP LOSS orders one by one, creating chain reaction and pushing the price down to 1.2980-1.29500
All we need is to BREAK 1.30000...
Interesting day on charts anyway
DislikedHmmmm.... 1.3000 holds ?
Look at this:
1 .the price spiked through 1.3000 and quickly returned over 1.3000
2 .and it didn't trigger massive STOP LOSS orders chain reaction...
All that means that 1.3000 found enough buyers for now and this is a strong support.
Now I wait if 1H candle close... below or above 1.3000Ignored
DislikedWe might see a slight rebound which should be capped near today's high near 1.31. Will look to short again near there if Mr. E gives me that gift. If not I have a long @ 1.3033 waiting to catch a ride...
If you want money like a bankster then you have to trade like a bankster. At all price points both long and short. MM is your gyroscope to keep you upright and the indos are your compass. Fundos are your mapIgnored
DislikedI am thinking to SHORT again (to retest 1.300) but a little bit closer, around 1.3050-1.3060 , but it's Monday I thinkIgnored
DislikedYes I agree with your levels. For me I cannot short under 1.3035 to stay within my MM parameters (DD% circuit breaker) so I am hoping for a bump higher.Ignored
Disliked(DD% circuit breaker)???
What kind of monster is that?Ignored
DislikedLOL its my account savior.
When my Draw Down (DD) exceeds a certain percentage I halt trading on that bias (short) but can trade freely on the other side (long).
I focus more on capital preservation rather than greed.Ignored
DislikedAssuming the US does not vote to cut $85 billion this weekend, then I think we should see a good pull back to the long side.
I may start posting here exclusively again. Where I started off
Have a good weekend everyone.
p.s called that short move right just didn't short it.. lol. i'm still working on that whole long term trading thing, PT. But its getting better day by day.