Would shady explain where he took the last two trades and why. Canāt say fairer than that. Exited that last trade at almost exactly 100 pips! Thats me done for the day even before the start of today hehe.
If your not seeing the same bollinger bands as meā¦ you need a less shady broker.
Iām certainly not plugging FXCM here. But if your not getting the same bollingers as me perhaps setting up a demo account with them simply for comparison with your preferred broker might be in order? Then if the bollinger is off like you both say it is on your charts at least you can hit your broker with some interesting questions. Iām no ātechieā and canāt even suggest why our chart bollingers differ on the same time charts and BB settings.
Yes, does look like it with maybe a LONG from here? But - thereās that strong down channel (orange lines on the 1hr) on the chart as well. Iām sure a retrace is due but who knowsā¦
The 1hr chart shows a spike through the support level.
But the 5min is still bouncing up and down with flat bollinger and price has bounced down off the 21MA on the 15min, which might mean continuation. Hmm. The danger I guess is that when price makes long wicked candles on support lines and then does not bounce strongly in the opposite direction, it usually just means a load of stops have been hit.
My Sat Nav/GPS says ābare right/leftā when giving directions. Looks like we got ābears to the left of me bears to the right, here I am stuck in the middle with youā. Sorry song just popped into my headā¦ couldnāt resist it!
Stopped out on that last one at breakeven but price looks to have bounced again so Iām taking a long again at 1.6170. Ideally I would have got in a bit lower on the 5min bounce but computer crashed.
Well thats a triple test of support so far and it seems to be holding. Looks like youāve made some pips so far taking the 5m BB bounce trades!
My stop on that long is set to just below the first test of support on that overnight down. As I made my pips on that down, Iāll stay long. Currently - 7.6 pips.