Pending Long 1580, SL 10pips edit, 1581
- #951,963
- Jan 20, 2015 3:14am Jan 20, 2015 3:14am
{quote} Got stopped ...
I did warn you and gave you all the technical reasons why that trade was not going to work.
I posted a long synopsis before the London open on what the morning's play was going to be. Have a read and look at your charts of that time and see what I was trying to tell you.
{quote} Actually it was +6pips at first .. but my target was higher .. and so i got stopped ... but you are correct Sir, my SL dont hold ..
Live and Learn, that is all you can do. Go back over your charts and see what drove you to that trade choice and why it wasn't going to work, then the next time you will have a new tool in your arsenal when we have a similar setup. History does repeat itself or else the markets would be total chaos. Seasoned traders that make the market and give us the charts we see do things for a reason, what they do translates in price and charts, it is our job trying to figure out what they are telling us.
We are still in range play, using the same levels I gave 2 hours ago, nothing has changed yet, we need a driver. A range can only be broken by either news or momentum, we have had neither yet.
A contrarian; I always disagree.
- #951,968
- Jan 20, 2015 3:26am Jan 20, 2015 3:26am
- Joined Oct 2014 | Status: Cooking | 1,490 Posts
{quote} Got stopped ...
You can lead a horse to water, but you can't make it drink
- #951,969
- Jan 20, 2015 3:28am Jan 20, 2015 3:28am
- Joined Dec 2013 | Status: Trader | 2,141 Posts
f(z)=z2+c
- #951,977
- Jan 20, 2015 3:41am Jan 20, 2015 3:41am
- Joined May 2014 | Status: From1toMillion | 9,480 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.
- #951,978
- Jan 20, 2015 3:45am Jan 20, 2015 3:45am
{quote} Closing my long +11, since its 20 minutes before ZEW. Will re-think my position after the price consolidates after the news. But still looking for 1620, possibly even 1720, before shorting.
Good trade boss
, is the SL 10 pips below todays low?
- #951,980
- Jan 20, 2015 3:47am Jan 20, 2015 3:47am
And now it almost hit my target (if i'm not being stopped)...... what a joke ...
This is dollar driven caused by the short squeeze in the Pound, ZEW on the hour that will give you your next setup. The little PBOC chatter helped too. We are now at 1.1605, a great level to take a breather.
we have yesterday's 1.605 right above here, a level I used yesterday for the close of my intraday counter trade. For the next 2 1/2 hours put your scalping hat on and keep a close eye on the Dixy
A contrarian; I always disagree.