Intraday FX Player

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We are back on De Mark high - it was not that long. If we will continue in waterfall down we will end somewhere on 5420 as minimum. However it is not probably because it is quite far.

Like you wrote CF the price was prepared for news. They lifted it and we were waiting overbought /normally it will react to overbough conditions long ago/ - and with wham they returned where we were without that lift. Btw, nice trade CF
 
Pholeuon,

Thanks and yes, normally price should be sold off before but that was obvious pre-news chop (classic triangle BTW) with a few stop-hunting games around 1.56 area... But final outcome was seen in advance...
 
Quote from cvds16:

found this to be a rather tough morning.
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Actually I spent it setting up the second screen, but now see that if watched them with enough focus, rally before the last selloff could be taken as well with success...

Agree though, that this morning is quite tricky in a sense that it doesn't give no brainer "want some $$$?" setups which happened a lot in April...
 
Quote from cabletrader:

Well just to be contrarian I'm selling Eur/Usd here 1.5640 up to 1.57 :)
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There is always chance that yesterday HOD will hold... :)

P. S. How it is - sell 5640 for 57? :confused:
 
Hello cable, I see around 60-65 strong resitance line, are you not afraid that price will test it? However short there will have big downside target....
 
Hi guys, nice thread!

I'm averaging into a short from 1.5640 right up to 1.57, looking for a move back down to 1.5480 area and if it breaks below that then 1.50 sometime soon.....well that's the plan anyway :)
 
May be he thinks building larger position tohold a bit longer with more entries between 540-570. This looks to me like very promising trade.
 
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