Yes I know. and I lost 7 pips for the EUR/GBP short. :26:
But After analysis of your results and some other patterns, it seems trade CD is not much difference from trade D. The both have risk. The only thing different is that trade D has been documented well but trade CD need more investigation and summary such as entry point, fakeout signal, SL. TP is relatively easy as the convergence, D … .
Howerver, there maybe something more out there that has been already studied intensively. Do yo have more information of it? You started first in CD trade in this thread (someone mentioned it earlier but no details). So you must have more experience.
I think its quiet becuase there is a number of new items (inlc unemployment claims) due to come out in the next four mins… It might go a little mentle after that…
If you are in a trade, watch out for news volitility…
lol… you might have meant its quiet in this forum hehe
I am afraid when it come down again it would go the opposite direction a little while even before it touches the top. (I mean I expect a double top, then go short).
are you waiting for the double top to break? if you are, there is a small band of support between 1.5644 - 1.5650
if you get passed that, there is a minor uptrend band coming up to meet the price where you may also get a little support or bounce, if it passes the first, it will probably pass the second too…
actually, I have just spotted another trendline that may resist the double top neckline from breaking at all, or support very soon after the break.
there are a few obsticles to get though, if the price penetrates these points, I thnk there is a clear run all the way to 1.5260
Good luck!
Just hith the first line of support now, seems to be pushing the price up, but way too early to tell
Im watching this one too, if it breaks the 1.5700 barrier, Im looking to go long when it re-tests the trend line… if it breaks past the second flatline of support at arond 1.5645, i’ll take a short…
took 30 pips on this one going long off the trend line went up and down so much along the journey though! will reenter on the retest of the trend line…
I am hoping the price touch the double top to retest the resistance, then retrace back. It may have the support around 1.5650, if break this go down to 1.5620, or if not, go up again to break the double top to go up. Just a guess, it maybe totally wrong.
there seems to be another uptrend band after the 1.5650 before the free run to 1.5620. but I think its going long now, will probably wait for a dip before entering long agian… although I have hit my target for the day now, so may or may not take it…
missed a massive double bottom off a new trend line… must be getting tired!
yipeee! another 35 pips :)… I think thats is for me today.
Personally, I think shorting at the moment and going against all the minor uptrends is risky… they seem to be holding their gound…
anyways, good luck mate… there could be a short opportunity for a small bounce now, but be careful of all the uptrends, there are about 4 now with a double bottom.
Tomorrow may be different, who knows what tomorrow will bring!
