Several hurdles for this trade before 1:1... not least the RN it is currently battling.
Let's see how it goes!
Let's see how it goes!
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Disliked{quote} Hey Mastermind yeah I'm still here. Congrats on your trades, awesome trading I've been a little preoccupied but haven't stopped watching that EA chart. I wanted to long the UCAD too but 20 pip 1m candles has opened too much volatility. EA hit the 127ext of CB, hopefully it hasn't quite run out of juice yet. I'm a little cautious of this market, there is a bit going on atm. That said I'm still waiting for that aggressive entry. {image}Ignored
Disliked{quote} Fantastic lets hope it turns out to be a great short. ps. and thanks for mentioning the EA earlier its produced some awesome pips! Masterrmind...........Ignored
DislikedAU is at the previously mentioned lower TL. If it breaks on the downside it could create a largish move. I don't know obviously, but I can't see a similar bearish EU move. If the EA breaks topside toward my PRZ it might not come back and fly straight through. All just conjecture though and I will trade the chart on what I see.Ignored
DislikedSeveral hurdles for this trade before 1:1... not least the RN it is currently battling. Let's see how it goes! {image}Ignored
Disliked{quote} USDJPY (worth taking a look at!) I will be analysing the UJ pair tomorrow in depth to see if there is a shorting opportunity some time in the near future. It is ridiculously high at the moment and still pushing up closer to the 2007 highs (shown by the 2nd red circle to the left). Anyway something to contemplate if nothing else! UJ (Monthly chart) {image} Masterrmind.........Ignored
Disliked{quote} Yer thanks I've being watching but PA hasn't suited my style. I managed a couple of trades on EJ for a few pips earlier. They are talking about 123 on UJ before too long, perhaps not straight away though May have a look at tomorrow too Trying for the short on AU currently. I didn't take the CAD BO long and the bulls were too strong for the PRZ so left the short. The AU and UC are both breaking their hrly TL's at the same time which could be a good sign. CAD is still there for the taking but the R:R would have to...Ignored
Disliked{quote} EA is in the zone............ Patience, watch and observe and then execute (maybe?) Masterrmind............Ignored
Disliked{quote} Yeah I was eying this trade up but a little hesitant as think price may go up. I have reasons for the market to rise and to fall :/ so I am sitting out for the moment.Ignored
DislikedThat'll do, see where it goes from here. If I get taken out so be it, it's small R:R. EU chart isn't exciting me at all though :/ {image}Ignored
Disliked{quote} I've thrown on one trade with a fairly wide SL so I'll let it run while I sleep which is getting closer I must say. The EU has just been trading up and down inside about an 80 pip range. To be any good to me I need it to drop another 80 pips (H1 analysis) I don't see that happening while I'm awake so I'll pass. Good luck with your EA trade............ At least its looking reasonable at the moment as it hasn't kept storming up hard (its backed off somewhat so that's good) Masterrmind............Ignored
Disliked{quote} Yeah it is under strong resistance now which is why I have a tight stop on it. If it breaks above it there's a good chance imo of it just continuing up. The market is turning sour a bit for me though. The AU is threatening to re-enter the previous range of the BO point. EU does have a st BO point below that it could utilise but after the Greece positive news I'm sceptical. The trades are in though and as Mr Pip likes to say "It is what it is" hehe. EA is just got knocked out... it is what is (aside from perhaps a stop hunt lol) Looks...Ignored
Disliked{quote} Yes on the East coast.......... You sure must have had a tight SL alright if you're out of the trade already...hmmm I gave mine plenty of room as I'm anticipating price to drop. Let's see what will be when I check the trade tomorrow. All the best I'm off to sleep. Masterrmind.............Ignored