Intraday FX Player

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Quote from CFerret:

Da chop there I see. :D

been an ass today.. such reversal would be alright in FX, but not on a index future, they do consolidate..

too agressive in entry..

too lay back in covering :(


a shit load more to learn.. :p
 
Hourly is looking like a bearish reversal confirmed, though as for longer term (several days), it needs to break the 4H TL and go below 1.54 to be sure it's going down.
 
Quote from CFerret:

Hehe.... :p

Protected 6% (above PP) and holding... :D

Great trade!

What made you sell there?

I went long there, then reversed at 1.5510, so luckily still got plenty out of it, but didn't consider selling on that up move.
 
Quote from BigFunky:

Great trade!

What made you sell there?

I went long there, then reversed at 1.5510, so luckily still got plenty out of it, but didn't consider selling on that up move.

Initially it was one of yoohoo adviced setups - 4th touch of the channel and this channel was smaller (compared to) and against the preceding down wave which made me think it's a retracement of a bigger trend (was confirmed by 30m PA) and to look for short.

But I wasn't confident enough right around the TL test and waited for several ticks confirmation of a selloff.
 

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Great trade, CF.

I'm done fighting with my ego for today (it's 2AM in my time zone).
Good luck and see (read) you tomorrow.
 
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