So.... again 70 pips lower, as foreseen. 1,3310 is support + round number + end of day + end of week.
That's it. Monday is a new game.
BR
That's it. Monday is a new game.
BR
FXCM Strategy Trader Delivers the Next Evolution in Automated Trading 12 replies
Yuppie's Evolution... 78 replies
Usd Eur Gold And Silver Evolution... 1 reply
The Evolution of a Trader 13 replies
Trading evolution 0 replies
DislikedYesterday's EU Daily Candle got me worried, i couldn't help noticing how the Market tried to break support only to be strongly rejected and not only that it broke resistance in the same day, call it bullish engulfing ( Engulfed 4 days of PA ), call it piercing line, whatever you want but this huge candle is a very strong sign of bullish trend continuation, Jesse Livermore use to use these kinds of candles or bars to pinpoint Market reversals and he mention it several times in his writings as a very strong Market change indication. {image}Ignored
DislikedJust to let u know that the NU Has formed a Bearish pinbar Exactly on Resistance, PA should head south from here, an excellent R:R of 1:3-3.5 Setup has formed if it follow through right down to support.Ignored
Disliked{quote} Perfect call. I'd be looking for entry a bit sooner, but this worked great. Looking at chart today it makes me want to trade that pair. :-) I look at PA a bit different it seems. I did assemble something which should be simmilar to your old templates I think in order to make it understandable to ETMA users. Bottom line, I'd be looking for short entry about 100-150 pips higher. {image} EURUSD reaching critical level. Setup is bullish, yes, but... 1,3370 seems to be MOB line (make or break). {image} Keep them coming! :-) BRIgnored
Disliked{quote} These are the sure fire PA signals that we R looking for @ the Bands to take a confident trades, i entered @ the Break of the Pinbar down and have the 770'sh level as potential target but u know me I'm a fan of the DC trailing stop so i will be trailing the PA until it fulfill my rules for a long or until it shows me an obvious PA reversal Signal like the Pinbar that we had on a critical level of support. U can see that the UCAD acted also as i predicted now coming closer to Resistance and there is a good chance that this pair will continue...Ignored
DislikedI've got 1 more rule to fulfill before pulling the trigger on a EU Short and its the Long term Ascending trendline Break lower and retest, waiting patiently for this rule to lineup but because of the end of the week i won't be pulling the trigger yet, Monday is another story. Best, B.R.Ignored