DislikedUSD/CAD Closed at +16 I think it's having problem breaking below that bear trap. My bias for this pair is long, too. {image}Ignored
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Everything you can imagine, is real - Pablo Picasso
The Buy Low and Sell High System, the best way to make money
We might have here 3 possible entries... just maje sure to take your profits on the right time. Smarter guys, any comments?{image}
- #273
- Dec 18, 2014 3:54pm Dec 18, 2014 3:54pm
- | Commercial User | Joined Sep 2005 | 2,784 Posts
We might have here 3 possible entries... just maje sure to take your profits on the right time. Smarter guys, any comments?
{quote} Hi Farix,I don't know what Tunera would think about that and don't know if I am smarter, but going long looks quite hazardous to me. You're here in a kind of triangle formation with lower highs and higher lows. It could really go either way. A serie of lower highs doesn't seem to favor a long position at this point.
For some reasons the eur recently is strictly linked (negatively) to the stock market, when stock goes up the eur goes down, and right now the stock market is the most manipulated thing of the world, and pointing straight up for the santa claus rally, really do yourself a favour and stay away from eur, there are many other currencies to trade.
My sell-high scenario last week 
With OPEC declaring they wouldn't reduce oil production during the weekends, XTI/USD gap down pretty hard.
Oil was bound to go even lower but that's not where we want to sell, right?
And of course, not a good selling point for the big players as well. Price got pushed up during Asian, stopping out initial bears and giving big players better selling price too.
Classic stop hunt if you look at H1 chart. I didn't think 1 stop hunt was enough to fill all the big player's orders, so was anticipating 1 more push upwards
Andddd the big player indeed pushed it up!. Got my largest lot sold, luckily, right at the tip there with very tiny stoploss.
Tiny stoploss = larger lot size = same risk if my stop was hit, much larger reward if it went the other way hehe.
An idea I picked up from the Tsunami thread.
Massive R on this trade.
With OPEC declaring they wouldn't reduce oil production during the weekends, XTI/USD gap down pretty hard.
Oil was bound to go even lower but that's not where we want to sell, right?
And of course, not a good selling point for the big players as well. Price got pushed up during Asian, stopping out initial bears and giving big players better selling price too.
Classic stop hunt if you look at H1 chart. I didn't think 1 stop hunt was enough to fill all the big player's orders, so was anticipating 1 more push upwards
Andddd the big player indeed pushed it up!. Got my largest lot sold, luckily, right at the tip there with very tiny stoploss.
Tiny stoploss = larger lot size = same risk if my stop was hit, much larger reward if it went the other way hehe.
An idea I picked up from the Tsunami thread.
Massive R on this trade.
Everything you can imagine, is real - Pablo Picasso
