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- #70,683
- May 6, 2014 11:20pm May 6, 2014 11:20pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} AUD news in 30 minutes.
A nice surprise when I arrived home today.
But again, the trade was based on pure scouts. Actually, I started with scouts using small lot sizes with the idea that once the trade confirmed with a classic setup I'd add more EP's. However, before I could and while I was at work today...well look at what happened: 
But again, the trade was based on pure scouts. Actually, I started with scouts using small lot sizes with the idea that once the trade confirmed with a classic setup I'd add more EP's. However, before I could and while I was at work today...well look at what happened: - #70,686
- May 7, 2014 12:15am May 7, 2014 12:15am
{quote} EURAUD Short Trade Update: Added short entries #2-4 to this Classic short trade as the price moved lower, but while still above the whole number. Have very tentative TP near RWL. {image}
. Clear analyse as like. I wait open market (Fr., Lo) today and entry.
- #70,689
- May 7, 2014 1:10am May 7, 2014 1:10am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
GBPUSD:
H4 showing signs of selling.
M15 may be looking good for a coming classic short this LO if we don't see 1.7 and a break of 1.69700.
At the end of the day the MM's can move this pair as high or as low as they want.
H4 showing signs of selling.
M15 may be looking good for a coming classic short this LO if we don't see 1.7 and a break of 1.69700.
At the end of the day the MM's can move this pair as high or as low as they want.
- #70,699
- May 7, 2014 2:25am May 7, 2014 2:25am
{quote} To me though , although EURUSD is really really really high , but it is still within the channel though , I'm still not so comfortable to go buy ......
I have only found a market condition
Check your emotions. How are you?
- #70,700
- Edited 2:46am May 7, 2014 2:28am | Edited 2:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EURJPY:
Extreme Classic short setup. Watch that anytime later in the LS the price might achieve the TL area. Also, with two EUR high impact releases tomorrow, the price might then be Whippin' Whacked back up to the half number area and down again, no matter how low it goes in the meantime. If that happens and you want to be able to withstand it, and possibly add to trade when back in green, do not enter heavy at first. That the price might achieve the TL today is a higher probability than that the price might reach the half number area tomorrow. Therefore, there is reason to make some entry today and not hold off to gamble on a higher entry tomorrow.
There is speculation involved here, so think and make your own decisions.
-tah
Extreme Classic short setup. Watch that anytime later in the LS the price might achieve the TL area. Also, with two EUR high impact releases tomorrow, the price might then be Whippin' Whacked back up to the half number area and down again, no matter how low it goes in the meantime. If that happens and you want to be able to withstand it, and possibly add to trade when back in green, do not enter heavy at first. That the price might achieve the TL today is a higher probability than that the price might reach the half number area tomorrow. Therefore, there is reason to make some entry today and not hold off to gamble on a higher entry tomorrow.
There is speculation involved here, so think and make your own decisions.
-tah
