Prime for a retrace/rebound across the board.
hope soā¦ Iām short EU but it might turn out to be very slow night:eek:
Without a doubt going to be slow and unpredictable. Iām in with a short at 1.59667 hoping for a bounce downward off the middle line on the 2 Hour Bollinger. Already a crisp rejection, so, Iām going to test it out. EDIT: Slapped back down to the middle line on the 1 Hour.
on my 1H EU chart the stoch is going down while price remains flat/slightly up. soooo looks like stoch will bottom out/reverse and price may go up some before a bigger move downward. though, it is holiday season so it could be very unpredictable but anyways goodluck im personally not trading for a while lol things are just too slow
EDIT
forgot to add that price is currently testing a major resistance level (1.4343),with the stoch reversal into a long trend id expect price to rise to about 1.4343 to about 1.4359 before going back down. note there looks to be about 4 to 6 more 1H candles before stoch reverse to a long trend so it may start dropping sooner
2h chart! Are you using VT Trader?
FXCMās Marketscope 2.0.
great platform
I use it to chart instead of mt4 most of the time.
I am not trading for a while to slow for me.
Yeah, Iāve had my sanity and patience tested many times this week. Donāt blame you.
Just broke through the center line bollinger. The 2 Hour should start forming a tunnel now.
id b expecting price to drop within 30 mins to an hr ish
looks like i called it again >:] damn i wish i could do this all the time haha
I did too. Got *****slapped back into reality.
Took a short at 1.4400 on EU off resistanceā¦ I think Iāll make this my last trade before Christams.
Have a good one to all.
wish i was awake for that perfect setup. hit resistance and stoch was overbought would have been a good trade
Yes in addition to resistance, the 2:1 boll flattened with wicks outside, came back within the 5:1 and 10:1 and hit my limit for 42 pips at the lower 10:1 line/ centerline 20:2.
ya thats also true i forgot to mention the flatten 2:1
Peeked in last night, chart reminded me of GBP/JPY. I knew the centerline on one of those longer charts would knock it back down eventually, but I was for sure that the 2 Hour middle line would catch. Plowed through the 2 and 3 Hour centerlines, the 4 Hour got it.
1h,4h and day charts.
Three of my favorites.
It looks like a real nice system. But I donāt have the time to read 2700 posts to find out how profitable it is, so does someone have an account statement of an account that only used for this system?