Disliked{quote} Any thoughts on this trade, we know the market for euro dollar has been going bearish since 15/October, the 1.10..area has structure of support/resistance(seen on the left) it becoming resistance to the down trends pullback is highly likely going by the characteristics of a typical down trending currency, down trending then pullback then down trending etc. also we can see the risk/reward for this is highly profitable being 1/1.7, this is not a trend following trade but a trend continuation trade as we are aiming profits around the re-test...Ignored
- #1,034,087
- Nov 3, 2015 8:43am Nov 3, 2015 8:43am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #1,034,092
- Nov 3, 2015 9:14am Nov 3, 2015 9:14am
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- #1,034,093
- Nov 3, 2015 9:17am Nov 3, 2015 9:17am
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COT: The precious data ignored
- #1,034,094
- Nov 3, 2015 9:17am Nov 3, 2015 9:17am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,034,095
- Edited Nov 4, 2015 2:05am Nov 3, 2015 9:21am | Edited Nov 4, 2015 2:05am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
- #1,034,097
- Nov 3, 2015 9:23am Nov 3, 2015 9:23am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,034,098
- Nov 3, 2015 9:26am Nov 3, 2015 9:26am
- | Joined Aug 2013 | Status: "Don't follow me i'm already lost " | 1,136 Posts
Re-Incarnated