short eur/usd 1.4326 stop 1.4336 trg ? more than stop (pick a number)
I would put stop above 1.4342 with the first target at 14283 - but wouldn't trade it before 15:00 (if PMI comes worse than expected $ may go down)
short eur/usd 1.4326 stop 1.4336 trg ? more than stop (pick a number)
I would put stop above 1.4342 with the first target at 14283 - but wouldn't trade it before 15:00 (if PMI comes worse than expected $ may go down)
On it's way to the 1st target.
Are we there yet?
May put a trailing stop and see how far it can go.
Hi all,
I'm thinking to short around 1.4380 as I'm hoping there is still downtrend with a little more to go perhaps 1st target 14268 to cut half position then run for another 50 odd pips to around 14220.... however the hourly looks like a reversal....expected that we could retrace up to 14400 level with a few week candles on the way up...would be interested in any thoughts or ideas please guys
Thanks in advance
To me looks like it may go to 14190 - 14215 before reversal.
we've no idea what price will do next have we? Job numbers looked OK from other reports this week so we'll have to see what awaits later/combined with other noises from the usual suspects versus the Euro.
I now find myself sitting on my hands waiting..could be some time before a long set up occurs..which is fine..
No trading for me before 14:00, but I must say I like following the charts - spikes etc.
I found it entertaining - sad isn't it?
Not sure if you've ever read Steet Smarts, cracking e-book, anyhow one of the authors' consistent themes is if you see an 'outlier' spike get out..If you look at the 2HR TF on the Euro (particularly using HA which illustrates it far better imho) you can clearly see that that advice makes sense. Fortunately for me over the past two days I haven't been in to get out..
To me looks like it may go to 14190 - 14215 before reversal.
I have it. Lot of strats there - tried to read it few times, but gave up at the end. Some of the strats are over the top IMO. I'll try to read it again.
Expensive book, was going to offer it to you as an e book but good to see you've already splashed out on it
Thanks. I've browsed through it some time ago and my impression is that most of their strategies may be better suited for shares trading than fx (some of the strategies use volume etc.). It's been some time since they published it and I was thinking that some of the specific strategies may have lost it in the meantime e.g. Turtle Soup strategy - they were exploiting the strategy that worked some time ago, so what is to say that the opposite strategy is going to work for a long time? Anyway I'll read through it and check if they have some strategies more suited to fx and that are not temporary.
BTW Have you found any particular strategy you like (use)?