big downward move about to happen??
- #1,047,302
- Dec 30, 2015 3:12am Dec 30, 2015 3:12am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
- #1,047,303
- Dec 30, 2015 3:13am Dec 30, 2015 3:13am
In this chart you can see, price is try up to standar deviation daily. So, my strategy are action in sell area or buy area with Stop loss 20 pips. And i think in last year is stable price. SO wait open USA and take profit.
Cheers.
- #1,047,304
- Dec 30, 2015 3:13am Dec 30, 2015 3:13am
{quote} why? do you have a chart to share
I must agree, by the looks of it , a one hell of a downward move if that baby complete itself on 4H
H1
H4
- #1,047,307
- Dec 30, 2015 3:26am Dec 30, 2015 3:26am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
Well at the 1.09435 there seems to be a lot of resistance.. It keeps testing that area and won't break through. {image}
big downward move about to happen??
thanks for the response
the market is low in liquidity atm and drifting between 1.09/1.10 any big downward move would have to first confirm a break of 1.09 to even be on the cards. I am biased short but have no trades in EU atm due to the liquidity, the setups need to be very very good to counter the risk, so entering mid range would not qualify for me.
- #1,047,308
- Dec 30, 2015 3:35am Dec 30, 2015 3:35am
{quote} {quote} thanks for the response
- #1,047,309
- Dec 30, 2015 3:40am Dec 30, 2015 3:40am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
{quote} {quote} thanks for the response
if more setups occur, that's fine and i will take them.
but i prefer to take 1 trade a week at what seems to be a 80-90% probability and simply increase the lot size...
instead of taking 5 trades a week that are only 50-60% probability... the end result is more profit with 1 trade
of course all these "probabilities" are not real statistics, just my confidence in the trade resulting in profit, based on their success in the past years
new years resolution is to take less trades, only the high quality trades
i've been on a roll here.. only lost 1 trade of the past 10 i have taken over the last 30 or so days (all posted on this thread before the fact)
Be hopeful in a winning position, and fearful in a losing position.
- #1,047,310
- Dec 30, 2015 3:49am Dec 30, 2015 3:49am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,047,311
- Dec 30, 2015 3:50am Dec 30, 2015 3:50am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
{quote} exactly. something i've realized is, taking even just 1 trade a week is enough to make great profit if more setups occur, that's fine and i will take them. but i prefer to take 1 trade a week at what seems to be a 80-90% probability and simply increase the lot size... instead of taking 5 trades a week that are only 50-60% probability... the end result is more profit with 1 trade of course all these "probabilities" are not real statistics, just my confidence in the trade resulting in profit, based on their success in the past years new years...
- #1,047,313
- Dec 30, 2015 3:59am Dec 30, 2015 3:59am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
