- #2,267
- Edited 4:44am Apr 22, 2016 4:07am | Edited 4:44am
Watching EJ, UJ and AJ for a possible reaction at M15 35/50 confluenced with H1 10ema, but be aware that Tokyo closes in a few minutes, so only EJ will be valid by the trading session and market hours rule.
EDIT: unluckily price turned before touch 15 35/50 where i was waiting to jump on it...( but it has touched H1 10) and it's gone away without me.
- #2,270
- Apr 25, 2016 3:10am Apr 25, 2016 3:10am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #2,271
- Apr 25, 2016 4:36am Apr 25, 2016 4:36am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #2,273
- Apr 25, 2016 5:05am Apr 25, 2016 5:05am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
{quote} unluckily price didnt touch, so no touch no trade. Now it's ranging, let we see if there will be others opportunities.
Still waiting to see the M15 rejecting around 1.4380-85 and then I will enter
. If it shoots up before that then no trade for me.
- #2,274
- Edited 5:44am Apr 25, 2016 5:31am | Edited 5:44am
I didn't take it either, was waiting for a lower pullback and the actual touch of DP and 35/50. So no trade this time for me too.
Kostas, may I ask you, why would you wait for the price to go down to 1.4380-85, i.e. break the MA's and DP? And would you also enter if the price only reached 1.439x level?
{quote} In my eyes, there was no trade yet. It is usual for GU to pretend before the actual trade. Still waiting to see the M15 rejecting around 1.4380-85 and then I will enter
Everything is possible
- #2,275
- Apr 25, 2016 6:01am Apr 25, 2016 6:01am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
{quote} Kostas, may I ask you, why would you wait for the price to go down to 1.4380-85, i.e. break the MA's and DP? And would you also enter if the price only reached 1.439x level?
But keep in mind that in strong trends it may never actually touch.....
Just observe what happens in lower TF when it is close to the TF of interest. Since now we are interested at H4 10, H1 35/50, DP then it is useful to observe how it reacts in M15 when it is close to that area.
{quote} Just from experience, GU tends to overshoot (I think just to take out as many SLs as possible). So since DP is at 1.4389 is could go down to 1.4380-85 before reacting. But keep in mind that in strong trends it may never actually touch.....
- #2,277
- Apr 25, 2016 7:35am Apr 25, 2016 7:35am
{quote} Just from experience, GU tends to overshoot (I think just to take out as many SLs as possible). So since DP is at 1.4389 is could go down to 1.4380-85 before reacting. But keep in mind that in strong trends it may never actually touch.....
Everything is possible