Retail Sales (MoM) -0.1% bad data,time to think about 1.1100?!
- #6,326
- Sep 24, 2014 1:16am Sep 24, 2014 1:16am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
I expect a huge sustained upmove . Here the setup :
Aditional explanation : if the first resistance is broken then we have no other brake till next target . App 1:8 risk reward trade .
Aditional explanation : if the first resistance is broken then we have no other brake till next target . App 1:8 risk reward trade .
Money moves the market, not an indicator.
- #6,327
- Edited 8:50am Sep 24, 2014 8:02am | Edited 8:50am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Update : SL at breakeven
Trade triggered , with 2 options :
1) Take 50% and cover the costs.
2) Let the trade run.
I will choose the second.
Trade triggered , with 2 options :
1) Take 50% and cover the costs.
2) Let the trade run.
I will choose the second.
Money moves the market, not an indicator.
- #6,329
- Sep 24, 2014 9:10am Sep 24, 2014 9:10am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Update 2: I will close 50% of position, momentum slowed. Remain with another 50%
yep
yep
Money moves the market, not an indicator.
- #6,331
- Sep 24, 2014 9:44am Sep 24, 2014 9:44am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Update : Stopped out with some profit.
Live.
{quote} Demo?
Money moves the market, not an indicator.
- #6,333
- Sep 24, 2014 10:08am Sep 24, 2014 10:08am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
And why are you ask that ? 
Your job is to exploit emotions not to predict. Predictions are made by analysts and those who can't extract real money from the market. They need some money and that's the way they earn them, by predicting. As you know the hardest job is to exit , but that's doesnt count for them. They just predict no matter the result , and they are payed.
Your job is to exploit emotions not to predict. Predictions are made by analysts and those who can't extract real money from the market. They need some money and that's the way they earn them, by predicting. As you know the hardest job is to exit , but that's doesnt count for them. They just predict no matter the result , and they are payed. Money moves the market, not an indicator.
- #6,335
- Sep 24, 2014 10:20am Sep 24, 2014 10:20am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- #6,336
- Edited 10:50am Sep 24, 2014 10:30am | Edited 10:50am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Update 3:
Updating the setup . I am looking for long . If the price go below SL I will cancel it again.
Update 2:
No evidence of buyers, setup canceled.
Update :
I am looking for re-enter long . Here the setup :
Updating the setup . I am looking for long . If the price go below SL I will cancel it again.
Update 2:
No evidence of buyers, setup canceled.
Update :
I am looking for re-enter long . Here the setup :
Money moves the market, not an indicator.
- #6,337
- Sep 24, 2014 10:39am Sep 24, 2014 10:39am
My SL from yesterday was 1.1061 and it survived the night. After today's spike up and then drop I was out at 1.1084.
Now I see that dollar is strong this afternoon and I'm in again at 1.1090.
Now I see that dollar is strong this afternoon and I'm in again at 1.1090.
:: everything is awesome ::
- #6,338
- Sep 24, 2014 11:00am Sep 24, 2014 11:00am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Update 7: setup canceled, not enough momentum.
Update 6:
Exit the scalp tentative with 0.5% risk loss instead full risk where SL was.
Update 5 :
New long at 1m , tryin to scalp something :
Update 4 : Slightly adjusted SL with 2 pip below
Update 6:
Exit the scalp tentative with 0.5% risk loss instead full risk where SL was.
Update 5 :
New long at 1m , tryin to scalp something :
Update 3: Updating the setup . I am looking for long . If the price go below SL I will cancel it again. {image} Update 2: No evidence of buyers, setup canceled. Update : {image} I am looking for re-enter long . Here the setup : {image}
Money moves the market, not an indicator.
- #6,340
- Sep 24, 2014 2:41pm Sep 24, 2014 2:41pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.