EUR/USD

the best MFE I can get today is 15 pips!!!

look at the 1 Hr chart back & forth

that back & forth action @ 1.3050 level can be the reason of below post,

walker.

stevewalker posted:
we have double top @ 1.3170

double top should react reverse very fast as it is not testing the level 3rd time.

but this is reacting reverse slowly.

this tells me there might me another attemp to test 1.3171

time will tell.

walker.

actual 1Hr chart

hey Steve, sorry have been out most the afternoon, had to go get my cast changed on my foot at hospital,

i cancelled out my 1.3080 short earlier, but am still holding two shorts initiated @ 1.0372 & 1.0368

market is searching lower, will hold onto shorts for now

I had ~20 pips and stop.

I was also busy today and cant post the trades.

hope nothing serious about your foot.
get well soon. :)

walker.

it is in the bearish channel & following the TL down.

you are diong great with shorts.

walker.

1 hr chart with levels & channels

unposted trade results should not take consideration. ( talking to myself ) 😉

stevewalker posted:
I had ~20 pips and stop.

I was also busy today and cant post the trades.

hope nothing serious about your foot.
get well soon. :)

walker.

hey 20 pips is 20 pips! :)

had corrective surgery about three weeks ago, so a new cast and a clean, another 3 weeks then hopefully it will come off for good!!

well look at this little sell off.. if only i kept that risky sell i put in @ 1.3167 when i suspected a double top, now THAT would of been nice LOL!! but that aside as always we shouldn't worry about what we missed only what we are currently trading...

my prediction is holding true so far, needs to drop to 1.3020 to hold fully true, but its close... so i have been quite lucky with my sell orders today, even though they are only small,

i thought i had two trades open, actually had three open, have just closed the biggest which is a 0.1 @1.3069 [email protected],

still got 2 x's 0.05's@ 1.3068, SL 1.3065 TP 1= 1.3020 1= NONE

bit at a loss where to go from here, had quite a heavy buy order @ 1.3030, have since moved it to 1.3012,

feels like risk aversion has taken hold today, and it could last, say into 1.2950 level, on the other hand, the Euro bulls could give a decent push up from the 1.3012 area,

maybe this is a turning point, will continue to hold sells until they hit SL if needed,

my biggest question do i hedge my EA here, as its down to 20%DD down from 40%DD, if market continues to slip down, so does my DD... choices choices

have a look at the chart

1.3012 is %50 of short term fibo which possibly rezist strong.

below at 1.2933 medium short & long fibos are at the same level. could be a very strong level.

my return foreast failed. it tried to reverse from 1.3050 but could not survive I guess.

I will post the roll over daily & hourly levels at 00.00 gmt+3

will try to trade properly tomorrow.

walker.

PS : nice trades.😀
 if EA risk small keep it going until your dead line. or pull the plug.

1.3012 is of interest for me too for that very reason,

ive got a 0.2 buy sat right on it, i do believe your right that it will like not break 1.3012 and even if it does a SL @ 1.2975 should cover,

but this is always the fun of the markets,

i had remembered a figure of 1.3048/50 but my mistake, 1.2933 medium term is a good level to buy if price action looks good

EA gets its self stuck in negative DD, often, worst this month 38% then i can add another 10 percent or more not to mention margin even just to hedge the EA, that 0.2 @ 1.3012 is actually the attended hedge,

all this is not great with a leverage of 500:1 and a account size of £1000 give or take

will add another 0.1 to have as a profit making trade.

using tomsEA, and yeah it trades but god its risky, should move to envy, but in all honest i don't think any of them are actually, not that ive used any way,

interesting section coming up in my opinion

honestly I dont think it will move much more lows.

I am expecting a reversal long move.

but this is just a feeling. nothing technical or fundumental.

and can be totally wrong.

so lets see whats next sessions will bring out.

walker.

lenjive posted:
interesting section coming up in my opinion

do this

it will print fibo level on chart

walker.

Hourly & Daily
Fibo Levels & Channels

i predict a further breakdown through 1.3012 to a low of 1.2993 followed by a rally to 1.3045 / 1.3094 / 1.3143

that's if it stays below 1.3055 during asia and risk aversion is ripe

otherwise im bullish and looking to place a buy order not sure what exact level yet, and aim the targets above

waiiting for europe to wake now..

planning to enter long at 1.2990

walker.

query is

if it will return from 1.2990 or move down to 1.2933 ??

walker.

Hi!😄