No, I’m not trading yen pairs much lately…wasn’t about to start today with that ugly small range.
I’m waiting for a setup on e/u now. It’s been ranging on larger TF, obvious trade is to look to short as high as possible…with confirmation of course, as in high stopping volume at a strong resistance level, pins, no futher up move following etc…a double top would be nice, or a head n shoulders neck line break. Just wait for that familiar text book Petefader setup lol
1.4070 area is where I’ll start considering it. If there is no high volume reaction, then up move will continue. In that case I can use one of my systems like Mad Scalper to find my way in.
Yeah I see g/u. No way I’m buying it this high and no reversal signal yet, and no pullback…so I wait. Guessing how high this market is headed…not somthing I care to do lol. I’m not sure there is a real consensus for a target among big money. Just waiting for a setup.
BTW The repubs won lots of seats as expected in US election…markets will like it as it should help safeguard tax rates for biz…was a looming question.
Right. USD under pressure, as money moves to more risky investments…aka risk appetite following positive events. For some reason USD still seen as “safe”…go figure.
Watch the DOW today. Looks like it’s been waiting for something…I bet it was the elections.
Have to go with what I see, and it’s a scalp setup. G/U should retrace down a bit on this double top for a few pips. If not, then this strength is out of control, and no more shorts lol.
What’s confusing? USD weakness means g/u goes up, but I saw a double top and reversal signal against the trend for a short scalp. Then I’lll look to get long after a retrace.
Edit: closed the rest +21. That was daring lol…but a valid setup.
Right, I just need an entry to get long. That pretty much means stopping vlm on a down move, and the proper candle setup. Hopefully at a 50-61.8 level or a support.
lol
your confusing me now lol
