I believe the true short came at 1.3423 and not 1.3411 and so sl was 40 pips from that level. Market has not been clear cut but if i am correct then the situation is very clear now
EDUCATIONAL NOTE: You must learn not to fear losses. I am not afraid to risk one or two losses at the beginning of a trend trade as I know full well that once the trend-train gets going I am going to make a few hundred pips on the original trade entries and many more pips on subsequent reentry trades so all and any losses get obliterated. This is a psychological obstacle that only you can help yourself to overcome.
nicely said
Interesting pa on eu may lead to its quick drop now
Morning. How many trades do you place a day and how many pips would you say you catch?
Regards,
Graphicvs
We are waiting for 1.5798 to be reached on gbp/usd today. This will trigger the search for a sell trade for a new bear trend. We will nail this one!
Aud/usd: It is likely that an hour close above 0.9074 will produce a continuation sell trade with a 40 pip sl that will lead to the drop in price necessary for the initiation on the trend trade on this pair
short AU 0.9014 sl .9054
There will be another short trade on EU with a 15 min close above 1.3352
So. Short eu 1.3357 sl 1.3397
2nd short au 0.0.9020 sl 0.9054
Good morning.
As much as the market gives.
Best wishes,
Michael Anthony
This information is not for certain - but I have a strong suspicion that GBP/USD has had longs between 1.5591 - 1.5568 with sl 1.5559 that will take GBP/USD up to our much anticipated magical level of 1.5798
I forecast the potential for another short on AU at levels above 0.8998 and on EU above 1.3326
If the current 15 min au candle closes above 0.9015 but below 0.9023 we will get the next short on au
Short 3 au 0.9030 sl 0.9054
A 15 min close above 1.3342 on eu is likely to trigger the next eu short
This is called ‘selling when everyone else is buying’
What about gbp/usd it hasnt reacted that much on bad us news
I believe that 0.9034 on AU at 13:45gmt was a short with original sl of 0.9054