Chikot posted:
Kami486 posted:
going short on eurusd tp 1.235


I think you should at least wait for some confirmation instead of thinking you know something. going short on such green candles with such momentum to upside and eur strong is suicide if you use high leverage. generally, especially when you take contra trend trades and you went against the trend you at least should go short on red candles not green ones and visa versa for longs.


Chikot we use reversal indicators and that make us the EARLY ENTRANTS in the market rather than like you waiting for a RED candle ... FYI i have averaged my sell EU trade at 1.257 at FIBO and i am almost at breakeven on the bucket ... will still go for 100.0 more pips

thanks

I guess you have increasing lot size?

walker
Kami486 posted:
stevewalker posted:
can you post your chart to better understanding
thnaks in advance
walker
Kami486 posted:
going short on eurusd tp 1.235

for you :)

Zaheer, I know what you mean. Possibly some overbought / oversold or divergence but probability is high you are wrong and badly so. have you calculated how many days price had spent in that range? it means orders have been accumulated and they gotta go somewhere and from price action it is up and cause it is momentum and it has just started shorting against such strong daily GREEN candle is not very wise thing. Believe me, I have seen similar moves from a lot guys here and I see no these guys around any more. If you use good money management you can hurt but will survive, if your money management is bad you will get a call from Marge.
The trend has just started and you already shorting it.
Save some serious news trend do not reverse on a dime.


Kami486 posted:
Chikot posted:
Kami486 posted:
going short on eurusd tp 1.235


I think you should at least wait for some confirmation instead of thinking you know something. going short on such green candles with such momentum to upside and eur strong is suicide if you use high leverage. generally, especially when you take contra trend trades and you went against the trend you at least should go short on red candles not green ones and visa versa for longs.


Chikot we use reversal indicators and that make us the EARLY ENTRANTS in the market rather than like you waiting for a RED candle ... FYI i have averaged my sell EU trade at 1.257 at FIBO and i am almost at breakeven on the bucket ... will still go for 100.0 more pips

one short stop out

second short
SL BE
MFE 22

actual +15

yeah, I did not expect price to move this fast without a single consolidation day, but I think price stayed in that range and eur was down for quite some time. everything is possible. check other pairs.