Confluence of previous resistance and Fib support.
short term trade long from between 112.60-70. Stop 112.55, Targeting 113.00
short term trade long from between 112.60-70. Stop 112.55, Targeting 113.00
- #4,082
- Aug 3, 2016 3:23pm Aug 3, 2016 3:23pm
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
I find it quite amusing. People post images with no explanation, or just the image with no accompanying text - the funny part, they don't follow the advice they're "trying" to give. What's up with that. Did they forget to place the trade? 
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #4,084
- Edited 3:23pm Aug 8, 2016 3:09pm | Edited 3:23pm
Anyone seeing a short around the 113.9x handle?
What I see :
We have a resistance at this approx. location (114,0). This week's high is 30 pips under. We are still heading for that Resistance But now ee have short term bearish hidden div. with august 2st' High and this week's high.
Right now market is still uptrend but in a retrace down for support. Support is +/- 20 pips under actual location.
I'm just not trading that until either support or resistance is reach. Adjustments will always be part of the game.
edit : +/- 20 pips - meant 20 pips or so
No tree, it is said, can grow to heaven unless its roots reach down to hell
- #4,093
- Aug 15, 2016 2:25am Aug 15, 2016 2:25am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Sell opportunity :
- Psichological resistance @ 114.00
- Lower high at multiple tested trend line.
- The first Lower Low should bring the decline.
- Psichological resistance @ 114.00
- Lower high at multiple tested trend line.
- The first Lower Low should bring the decline.
Money moves the market, not an indicator.
- #4,094
- Aug 16, 2016 1:28am Aug 16, 2016 1:28am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Sell opportunity : - Psichological resistance @ 114.00 - Lower high at multiple tested trend line. - The first Lower Low should bring the decline. {image}
Same story as on CHF/JPY . SL hit then price return his decline. A sell was possible as follow :
{quote} Update : Same story as on CHF/JPY . SL hit then price return his decline. A sell was possible as follow : {image}
New sell opportunity but more risky than usual . It carry good breakout potential:
Money moves the market, not an indicator.
- #4,098
- Aug 16, 2016 5:19am Aug 16, 2016 5:19am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Update : Same story as on CHF/JPY . SL hit then price return his decline. A sell was possible as follow : {image} {quote} New sell opportunity but more risky than usual . It carry good breakout potential: {image}
Update :
First sell was covered resulting in a 0% loss trade.
Second trade is voided , price rise about our potential SL.
Money moves the market, not an indicator.
