Recent content by 4fx

...just seen this comment, here's the Oanda FXTrade acitivity log for the trade, plus a chart i snipped before the exit was filled (red horizontal line).

...just for completeness, the EU short exited within the exhaustion zone yesterday for +257. Just been watching the retrace all day today, sitting on hands :)

Thank you, trader_d. I guessed you were one of the more astute traders and wouldn't be distracted. I will just post the odd update to the EU short from earlier this week...although i use daily/weekly hindsight bias, my entries are off the 4hr usually, so i won't dilute your thread too much.

trader_d, let me know if you would rather I didn't post to your thread.

I'm thinking the short option on EU might be the most probable trade. Last week's price action was bearish through and closing below 1.4500, so i'm thinking we're now seeing a retracement of last week to test 4500 before the next leg down. I'll trade from a bearish (closed) HA candle to test...

Like you i'm trying to trade around a fulltime job and your thread struck a chord. I use the 4hr for reference mainly and almost always trade EU.....interesting level approaching now in fact on the 50% retrace of the swing from May 23rd low.

..it means placing orders both sides of the pin, so that (as in the EU setup earlier) you can take advantage of the 'fakey' and hopefully recover the initial loss.