well i got triggered for a long 1.2490. might get stopped, but looking at the larger TF, we break lower which could trigger another leg down on 4 hour for a lower low. waiting for my scalp to move in to profit maybe above channel high at some point before next week :P
In charts i see a possible long up to 2560/70 before big leap under 2450
yep with you on wanting to see some kind of retracement, but i hate how price is moving. i opened two longs.
lets see if price can respect support daily S1. some poss divergence which could take price to 1.25. if so ill close for 25 pips profit
if we go lower passed s1 ill be STOPPED....... YEAHHHHHHHHHHHHHHHHHH lol
Hey RocketMaker1000, You were doing so well, May I suggest you set a sma to indicate momentum, if the market goes above your sma take your profit and wait till the market comes back to you. Don't keep shorting a rising market. Hope you don't mind me saying and sorry you lost all those pips.
Hey hey Foxy! Thanks for the advice. I appreciate it. I feel somewhat vindicated as my positions that got "stopped out" are up considerably now! I kept telling myself I was right but couldn't bear (no pun intended) to see any more losses accrue so I left the stops. Well, this morning those same trades are extremely profitable! The conservative side of me doesn't like having open trades overnight with no stops as I don't trust this Pair at the moment! I'm interested to read the rest of the thread I missed while sleeping and catch up to what people expect today! I'll be back in it soon!
i really think that w/ trendlines, fibs are the most useful useful supplement
yeah its also true, but i love my pivots, but like today when i dont keep to my system i get burnt. my system was telling me sell hard, but my gut wanted to see a break higher and as it got lower and lower i added a long. then it broke lower, got stopped and figured to hell with longs, go short lol. anyway went short for a fast 8 pips closed half leaving the rest open will enter again short. im only down 35 pips. ill make it back to at least break even.
i have these periods of really just shutting off my head to my system and going with my gut.
im still human and have weaknesses that i have not conquered in trading .....
one day one day.
set my entry at 1.25300 last night and the high was 1.25295????!!!!!! AArrgghhhhhh!!!! almost but not close enough...now I need to find another entry....
Sometimes ya just got to get up and walk away, I had nice limits set on EU and GU shorts, I did not have a good feeling so I closed them out for just a little more than break even.
30 minutes later limits all reached !! If only I had gone for a walk. LOL
100 pips turned into 14 pips, what a trader I am !!
set my entry at 1.25300 last night and the high was 1.25295????!!!!!! AArrgghhhhhh!!!! almost but not close enough...now I need to find another entry....
gotta stick to the original bear flag i traded on. call for more down. its just been going SOOO slow down i sometimes think its going to change direction before it even shows signs of changing....
anyway, went for another short, 1 min high looking for a touch of 1.2450. will close for a small loss and finish the day.
yeah its also true, but i love my pivots, but like today when i dont keep to my system i get burnt. my system was telling me sell hard, but my gut wanted to see a break higher and as it got lower and lower i added a long. then it broke lower, got stopped and figured to hell with longs, go short lol. anyway went short for a fast 8 pips closed half leaving the rest open will enter again short. im only down 35 pips. ill make it back to at least break even.
i have these periods of really just shutting off my head to my system and going with my gut.
im still human and have weaknesses that i have not conquered in trading .....
one day one day.
yep, me too. was thinking there might be scope for a bigger turnaround yesterday, and had some nice longs off right at the bottom, first scalps then long holds on the re-test. was initially looking for min 12540s when i woke this am, but after reading the news and seeing the resistance on the 2H i decided to bail.
didn't short from the 50 as i was still unsure of the potential for retrace but i had the level there and should have just followed the trend
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Originally Posted by didoda 
