Ok, here's the continuation of the chart in Tonymand's 01:38 post of today's EUR/JPY (...hope you don't laugh at all the indicators I'm using
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So after moving my focus to the bigger grid 157.ish/152.ish if I understand correctly, I should go short around the 78.6 grid line...right?
So I did. But not just EY but GY & UY too
(as they had basically had the same setup...take a look!). I set all t/p to the 23.6 grid.
Little while later I was up 60 pips ($280) heading to the 50 grid, and I thought wow! But then it started to evaporate back down to -25 total. Now it's up again to $75...hovering at the 61.8 grid....and it seems to be stuck.
"So which way is it going to go?"....I ask. Any wagers
But sersiously, If anyone would like to critique this setup, I'd be happy to know. I see the Stochs, Macd, Awesome Oscillator and 4 HAS Bars all seem to indicate it's good to go down. (I wish they had a fingers crossed icon here). Only the RSI is > 50 but not by much.