The ACD Method
- Thread starter sbrowne126
- Start date
The last few days produced a lot of 3s on my NLs already for currencies. Everything indicated that the USD seemed to be headed for a huge downside move. Looks like people are blaming that on lack of specifics in Trump's speech.
All the pairs I am looking at are also looking extremely correlated now, basically the same movements but different magnitudes especially in the commodity currencies.
Natty...
Bullish withdrawal this morning.
Bullish withdrawal this morning.
OMG...this is too funny.
http://www.zerohedge.com/news/2017-...the+survival+rate+for+everyone+drops+to+zero)
http://www.zerohedge.com/news/2017-...the+survival+rate+for+everyone+drops+to+zero)
Anyone else getting strong 5 day NLs for the indices? My novice eye still thinks the markets are setting up for a rally, well... at least until the inauguration.
EURUSD had touched my A Up from the London session and looked to be going up just before the US PPI data release then it crashed all the way down to my A Down before bouncing up on a short squeeze, making a test bouncing up and finally succeeding in breaking through the third time. Then it failed just shy off the 3 day rolling pivot and bounced up again.
Times like this really make it look like magic. But I understand what Mav said about it not making bad traders profitable -- I didn't actually catch all those moves myself.
Times like this really make it look like magic. But I understand what Mav said about it not making bad traders profitable -- I didn't actually catch all those moves myself.
There's not much momentum to speak of. I'm wary of pressing under these conditions. I did go long GBP around 121.85 after the London open around 330 am. It was really sluggish and I almost dumped it as it wasn't moving with time. But it finally came around and I dumped at 122.15 and really didn't want to pursue after seeing the open. Plus I'm respecting the trend. First targets I guess is the way to go till I see some good breaking action either way.