Here is the updated chart that I posted yesterday. Notice the rally once it hit 1.3203 the next day.... The buy that I posted went 50 ticks as expected and went below a 5 tick stop by 2 ticks. Its going to happen trading with such tight stops but still a nice call. Notice the short covering rally once it got above the second pink zone as well. All in all, if its going to retest the highs it is going to do it in this area. It most likely range for awhile, maybe retest the lows again and then go for it. The trade was a risk 1 to make 10 catching a falling knife. 2 ticks from being successful is pretty damn close if you ask me...
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Daily EUR/USD trades
- Thread starter romik
- Start date
Here is the updated chart that I posted yesterday. Notice the rally once it hit 1.3203 the next day.... The buy that I posted went 50 ticks as expected and went below a 5 tick stop by 2 ticks. Its going to happen trading with such tight stops but still a nice call. Notice the short covering rally once it got above the second pink zone as well. All in all, if its going to retest the highs it is going to do it in this area. It most likely range for awhile, maybe retest the lows again and then go for it. The trade was a risk 1 to make 10 catching a falling knife. 2 ticks from being successful is pretty damn close if you ask me...
It looks like we're gonna flag out here. The .3000 level looks really attractive. I'm long now, but only for the short term. If this gets to .3000, I'm loading the boat. I can't time this crap worth anything, but using the arc, it looks like either the end of this month or mid-january.
500 pip move looks unlikely at this point.
btw, sorry for the messy chart. I'm no van gogh
500 pip move looks unlikely at this point.
btw, sorry for the messy chart. I'm no van gogh
Attachments
long 1 at .3150, another order in at 5 lots .3135 (see previous chart)
ouch. usually I'd get out, but there's a lot of congestion.
Painful, though
4.5 @ 1.314078
Painful, though
4.5 @ 1.314078