Well a test of the pp at around 1433 would be not a big surprise to me.
will close my trade at 4336 for tp.
edit: well plan didnt go as i planned so i took few pips profit and closed my trade for now.
can not tolerate even if price going over B/E anymore …
I took my profit now. I mean, my target was reached. If you can’t stand that momentum, just don’t look at the screen, lol.
lesson learned somehow… but still happy that i managed to close it and minimize “hypothetical” loss …
didnt consider 1.438 as support that time aswell. tight over protective bastard i am.
LOL! I can understand you well. Nothing wrong with a profit, however small it is. However, that missed profit now is not there to cover your next loss. So, I always trade with my system. That trade today was a 50+ pips trade with all signals right there, a 1:4 rrr and I am sure the next losses will come. Then this dpp was really a nice hook, wasn’t it? Like a schoolbook trade.
The point with momentum is, you will almost always have some retraces and if the entry is a little too late it is even worse. Because the optimal entry will usually be tested again and if your entry would be a little later that means a sure retest of your entry or maybe even the stop triggered.
So, I try to enter early. Then I have more room for profits, stop is not that issue and the momentum is at the downside (upside for long trades) below my stop. Whoever comes late to parties just gets what is left. So it is while trading.
Anyways, as I said better a profit than a loss and congrats however small your profit was!
For me my trading week is over now. Was a nice week regarding my equity. So, have a nice weekend, lehm and everybody else!
Fasten your seatbelts… It’s likely to be a wild ride to the week’s open!
What makes you say that MT ?
Hmm… I was hoping predictable? LOL I see PA bouncing off monthly PP as it has been Friday and tonight and heading south a spell… certainly hope so… I’m short!
I went short but just for a little gap trade
I go long now. Into my bed, lol. Good nite!
lol the German Sunday shopping laws isnt socialist agenda its Christian.
Prior to the Berlin wall takedown and German reunification Socialist East Germany had more relaxed store opening hours laws than capitalist West Germany and the East German stores were open on Sundays.
I know that, but however you call it, it is a socialistic law. That’s what I mean. That there were two parts of Germany don’t mean everything was black and white. There were/are also a lot of communists in the western part.
is there any particular reason not to go short from 1.4460 ?
Monthly pinbar forming.
Not if you receive confirmation & evidence that shorts are offering more potential than longs at that level no.
They were quite enthusiastic & eager to check out the stops through 1.44, a door they’d knocked on twice last week before kicking it down. It’s the high of last week, so you’d expect to see some sort of support in the way of bids on a move back through 1.4460 towards that breakout level at 1.44 to check the appetite of the euro bulls.
Not really right now.
Dooms day. All is red. xxx+ pips so far locked. Letz see how far it goes down now.
breaking under 1.4322 was nicely done
Short squeeze, short sqeeze, lol.
Well, I closed my order 2 days ago with a nice profit. No trades since. Just watching and the weekend is near …
im still up for a week little bit but today was pathetic day for me. took 0.45% lose, on day which seemed/seems to be good place to take 100pips in usd/chf … without mentioning fiber nor cable… thats it for me. ill go dismantle my old car for scrap metal and try to forget todays happenings …
is that PA untradeable today (including news from senate etc) or is it just me who cant trade these kinds of setups yet.