Still hangn’ in there. I forgot how patient you have to be on the higher time frames.Like watching paint dry. But I got a lot done yesterday around the house
Trailed the stop to just blow the current flag. I think this will probably be the final flag. Still expecting that last push into profit (hopefully).
Actually, I decide to go flat here. There is obviously major US news event in 2 hours and to be in the market at that time is suicide, so darn! Will have to go back to work during next Asia session, when the dust settles.
Overall, took a hit from this EURNZD trade
I won 18pips from one EURNZD trade but lost -43pips from another EURNZD trade. Thus overall i lost 25pips at 0.01lot.
Yeah, for me, reading the charts is a lot easier than trying to figure out what a bunch of un-elected bureaucratic bankers are going to do next. Just my take on it.
might be accumulating on monthly, meaning they are building long positions, but untill they decide to mark up the price, might be a while, no1 knows exactly but for right now i m expecting atleast a bounce in that area, after might come back again, maybe sit there at resistance absorbing the shorts… till then i m gonna wait for clear signs of weakness or strenght
if u trade 15, then look atleast at 30 and 1hr etc, cos on 30 mints i see bids comin in at that lvl, plus is a small fractal fib also in that area(50 ema on 15m also), that doesn t mean it won t go down, but that means might range, whip around before dropping. i m just saying this for u to take in consideration if u will, cos if ur stop isn t in a good place and ur not at the comp u might get stopped out etc
when all else fails, cheat and look at the 5 min chart. Got out before stop hit. I still think it is going to tag the trend line, just not enough profit in it to take it short again