guess what ???
the EURUSD buy rally is arriving earlier than expected.
gotta go now will check in again later.
the EURUSD buy rally is arriving earlier than expected.
gotta go now will check in again later.
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Disliked"{quote}" Good morning sunshine......yes i sold gu yesterday...but have cancelled it...am on the side line till after the news....AU...to me is not bad for a sell...but also do not want to trade it becos their have some crazy news tommorow.....i fear that the market might not move wel till that time......i bought uj though....let see how it would play out. {image}Ignored
Disliked{quote} below we can see the effect of the red news yesterday on some the GBP pairs that i trade. (by the way: u will see 4 pairs next to one another...that is exactly how i arrange my trading charts, i don't see the need for one chart to fill my computer screen) for comparison i have included the EURUSD's range for yesterday as well, i intend taking a look again at the EURUSD after today. on the calendar today is red news for GBP, CAD & USD. expect spikes as usual. {image}Ignored
Disliked"{quote}" good morning sunshine..truely gu...sowed signs of drop.....a day before...i would want to sit it out today.....i feel the news might just be a catalyst for change in reversal.....most majors....have had nice drop...ithink eu is coiling up...let wait and see....Ignored
What to do...?
we have a few options;
i favour the 4th option, if i could stay for the day in front of my trading station all day then i will sell the 4hrs and close when i see a reversal, then go the other way... ...please note, there is no right or wrong choice...it all depends on your trading preference and circumstances.
looking left on the 4hrs we can see a resistance zone as indicated by the dotted purple line.
my reason for wanting to buy on failure of 4hr sell signal ???...i regard that 4hr sell signal as a strong sell signal.
DislikedReminder to myself: hunt only when game is plenty full and when i am well rested and looking forward to the hunt, no need to hunt everyday. never ever forget that i am hunting the same prey that the big vicious carnivores are hunting, because in a heartbeat i can become their breakfast, lunch and supper. for the time being...hunt in daylight hours only bcz i do not have the special natural night vision eyes that the big cats are born with, nor do i have the resources and barricading materials, technology and manpower necessary to overnight safely...Ignored
DislikedHi Sunshine. I just started your thread (I'm on post 3) but have a feeling I will be catching up by the end of today. The subject resonates with me. Hopefully I can join in once I have caught up.Ignored