Yep, I wouldn't be suprised to see a retracement upto around 10500 which is where I will be selling from, but I think the longer term bias is now short all the way for a while yet...
Price broke out but looks to be a fakeout now as the triangle has been reentered. Watching price action, looking for a reentry short again, target as before
EUR/USD nice inside bar formed over last 4 hours of just 20 pip range.
I am looking at a nice break upwards to the 50% fib and sup/res pivot line, then a continuation down where the arrow is.
Another interesting setup on GBP/USD.
Once this 4hr candle completes at 2pm I will be looking to enter short if the trendline has held within that time. Although drilling down to the hourly does show some consolidation so I wouldnt be suprised to see price push through. However, IF it holds...
PartyMarkets are closing their accounts so my main reason for using them (small bet sizes of 10p) has disappeared. I am now going back to Oanda for now. I logged in and found I had £6.60 in there so that is what I will 'demo' with for the next month before I put anymore money in there.
Hi Suji, I might have missed something but I was wondering how you trade? ie, timeframe, patterns, breakouts, retracement etc etc. All I see on here is calls - although I do appreciate this thread is just for calls. Have you written a thread elsewhere talking about your strategy?
Hi Suji, I notice a lot of your trades have a risk / reward of around 1:1.
I assume your hit rate must be well over 50% otherwise your account would struggle?