MD.
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DislikedYou could have found a few good setups today, here's one on cable. 61.8 - pierce - back to 38 then break 0 to target. Done! Put another rib on the barbie.
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DislikedHere is another one for the gents in the room. I hope you are having a good one over there in jolly old England Misterdaz. Good morning to you sir!
K.I.S.S.Ignored
DislikedBright and sunny here in good old blighty! It would appear that the risk pairs are coming off this morning. When cable gets anywhere near 1.55 I believe larger market players are coming in on the offer, it would appear to be the line in the sand atm.
With the 2 charts you have posted, the GBP YEN now being null and void, they both have the pierce between the 100 and 61.8 pull. On these a zero break is tradable but more risky and requires more room to breathe where stops are concerned, not my favourite setup.
With the AUD I'd like to see another...Ignored
DislikedI don't have a pierce on my data, there's one before the 61.8 but not after yet. My latest low is 0.92496.
MD.Ignored
DislikedI am a new trader and am finding my feet. I am having trouble controling my entry points and I feel I am to eager to get into the market. Then when I jump the gun and enter to late I panic and close my possition.
Looking at the charts for AUDUSD I see some very minor resitance around 9270. I am thinking of shorting at current levels (9255/60) with my stop at 9275 and target at 9210.
My reasoning for this is the negative outlook for the day. I dont see any strength in the AUD in the short term and nothing to push it back towards 9300.
Even...Ignored
DislikedSo my short at current levels is ok? I shorted at 9256. Stop tight at 9274. What do you mean by pierce?Ignored