there is a lot of momentum and it retraced a lot it may just break the high and then retrace a lot. if it does that, then likely a spike up and nfp may be the trigger ...this is nice story to tell your children at bedtime
Trading Forex
- Thread starter padutrader
- Start date
closed trade lucky not to be stopped out: should have expected a retest of lows but got too excited at a lovely opportunity...never take a trade when there is a single test especially when there is a strong down move my daily money target [1000usd ] reached and now I will be reaching for a beer celebration it is 7.30 pm here
im considering it a failed impulse thus far turned into an H&S. Lets see how it reacts on the red line
my expectation is that it will do some work here and then break the high.....or it may head down after a little wait ....so it will very clear what it will do.....
if it does not go down fairly quickly then it is moving up
the bloody thing is doing something else..just moving up
a quick move down and a quick move up.. as eur has just done...is a trading range,...at least it should be,imo
short eur
stopped out...
long eurusd
added 6 lots same stop
stopped out