selling chfjpy
- #886,781
- Mar 28, 2014 9:08am Mar 28, 2014 9:08am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #886,782
- Mar 28, 2014 9:14am Mar 28, 2014 9:14am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
- #886,785
- Mar 28, 2014 9:25am Mar 28, 2014 9:25am
- Joined Dec 2013 | Status: Trader | 2,141 Posts
f(z)=z2+c
- #886,786
- Mar 28, 2014 9:28am Mar 28, 2014 9:28am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} @ What price
It doesn't mean we won't see new lows, but the odds are in favor of the bulls to me. So i'll buy dips for now.
COT: The precious data ignored
turning my algo off 
- #886,791
- Mar 28, 2014 9:44am Mar 28, 2014 9:44am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #886,792
- Mar 28, 2014 9:46am Mar 28, 2014 9:46am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #886,794
- Mar 28, 2014 9:59am Mar 28, 2014 9:59am
- Joined May 2012 | Status: Senior Member | 3,048 Posts
{quote} hmm an uptrend on daily it is a bullish rally ys in a bearish market, @ resistanceI I was quoting weekly and monthly levels, nothing goes in one direction forever you are correct hh,s and hl,s on daily, but so many traders are getting screwed lately, she has/ is respecting higher tf resistance and in the process of a pullback, if she happens to continue "pulling back" until she prints a ll as per your chart, would you accept your trend is in jeopardy dont forget Im not saying yu are wrong, the rally has been awesome, all Im saying is she...
what you are saying makes a perfect sense, all what i meant in my previous post is that we are still within the daily uptrend, the overall scenario has not changed yet, however, i'm not calling for a long just for the sake we are above 1.3480, not at all! a proper long set up has to appear before taking the shot
having said that if you are aiming for 1.2 (1600 pips from here), what is the big deal to wait for 250 - 300 pips further downmove for confirmation before getting in the train? well this is how i see it
i will keep looking for long setups until 1.3480 is broken and then will turn the sides and start looking for short set up.important thing to note i'm talking about the long term prespective, i could be taking longs and short intraday (small time of course) but that does not change my bias.
Good luck trading bro
- #886,795
- Mar 28, 2014 9:59am Mar 28, 2014 9:59am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
{quote} All dips with greater vol, bullish candle all the time, ending with a bullish engulfing candle off new lows. It doesn't mean we won't see new lows, but the odds are in favor of the bulls to me. So i'll buy dips for now. {image}
Good thinking and observation
- #886,796
- Mar 28, 2014 9:59am Mar 28, 2014 9:59am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #886,799
- Mar 28, 2014 10:14am Mar 28, 2014 10:14am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
{quote} I know you're right about that. I've been mainly trading E/U for years and lately not liking her PA and started looking at other pairs with better moves to trade.
