In other news, i have tickets to see 7 matches at the world. This has nothing to do with trading, but i wanted to gloat :)
*world cup
Is there anyway to make the indicator go behind the price rather than over the top of it?
And there is goes, blown out and the downtrend is over.
Anyway, i have learnt something from our discussion yesterday. I just have to factor it into the way i trade.
Up for a gutsy short now Yura?
My trade just survived by 0.4pips. What this little exercise is teaching me is that even when i can see on longer charts that the price is going to move in a certain direction, i should be picking my entry positions based on the 1 minute charts.
In at 70, SL at 76, TP at 55 2:1 R/R with spread. It has already come within 1 pip of my stop. If it falls back now i will be happy.
The long spike up through the purple line tells me a lot. I have set a limit sell there. The TP will be the orange line and the SL will be at the top of the spike.
on the other hand it could have been a pullback for an uptrend too many singles right now
if it brakes this last high do not go short if it is a double top and comes just short of the high take it
very risky trading right now it will be a wile before we start a new safe trend to trade in im going to go look at other charts now
think i will play with AUDUSD 2day
http://static.mfbcdn.net/forex-charts/AUDUSD,M30/22072 if you want to take a look
Ok mate!
I have put a limit sell in just above the orange line, i need about 3 pips for it to take. I'm not confident in this one, but i will set it with a fairly close stop so my loss should only be small when/if i get it.
Gotta love that entry!!!!!
Lol, that trade lasted about 1 minute then
Once again we have a hammer at the orange line. I think that this is telling me that the market doesn't have an appetite for a short and i should look for opportunities to go long.
this time it could short i am short near orange line already opened the trade
Morning Forexees :)
i am looking for the market to brake bellow the 1.382423 as the first aira that it could turnaround
dam just got stomped out of the trade