Quote:
Originally Posted by Blaiserboy
the system that I use is based on oscillators, mainly stochastics... it seems to support your approach.
I have not been in the habit of making an entry on a daily chart, my trades are usually cleaned off before I close my charts.... however, I get to pay spread a lot more than you do...lol
I have marked up this chart a bit.. and I am posting it so that others may see confluence with your approach.....
To me.... there is a trade entry just about available and it could be a nice ride down .
From what I see there is a bit of resistance at 1.478 and once that is breached the time to enter is at hand....
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Though the EURUSD is in a strong uptrend on the Daily chart, MACD divergence and stochastics divergence indicated the trend was due for a pull back. Your analysis was sharp. Thanks for sharing.
