DislikedBought at 1.4178, sl@ xx35 tp leting run, will close at xx265ish though if the 4 hour test says bull. For me we are in a demand area, so only longsIgnored
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DislikedBought at 1.4178, sl@ xx35 tp leting run, will close at xx265ish though if the 4 hour test says bull. For me we are in a demand area, so only longsIgnored
DislikedMaybe, but they will eat you alive as well. Daily chart, everything is a multiple of 10 of what you would do in lets say a 5m or 15m.
Draw down, fake outs, and of course profit.
And of course, need room for the big swings. I ended up getting stoped at +5 this morning on a euro daily short swing, which was up around 60 pips at one point. Still nothing to write home about, but it's the concept that is frustrating. I guess they all can't be runnersIgnored
-On a side note....how do all of you fancy posters make more than one quote per post? I'd love to do that so I don't clutter the thread!
Dislikedout of short, failing to take out 22x and too much event risk from fomc minutes...Ignored
DislikedYeah I like the daily/weekly chart because I will get in at highs and lows with very nice tight stops and end up with anywhere from 2-10:1 Risk:Reward It is frustrating though when I make a mistake and get stopped out even if it is at break even. The nice thing is, there are not nearly as many fake outs on the higher TF and trading the way I do the trades nearly ALWAYS give the opportunity to move stops to break even, and when they do not give the opportunity I am hardly losing anything compared to the gains. I like to think of it as:"When I am...Ignored
DislikedAccording to the fomc minutes ,they are divided but seem to feel no need to raise rates or end qe2.
so that leaves us with eur expectation of 1% increase this year starting thursday at .25% =bull eur confirmation thursdayIgnored
DislikedSo you reckon it will take a impulse upwards to the w1/m1 trend line then come back down? Or just break it with stong bull? :/Ignored