I’m quite certain your bot opened long for an entirely logical reason… sadly lacking in mine! :D:D:D
Not a big believer in the more common chart patterns i.e. head and shoulders, and the like. But if price makes a solid break of 1.3400, that would be a damn near perfect cup and handle on the 1 hour chart…
That’s not an everyday one to see.
Euro needs to have some solid closes below 1.33/1.3295 for any further bearishness…
I think the bear is on the dollar side at this point.
I go long at 1.3400 unless something changes between now and then… Like for instance, it doesn’t get there:D
1.34 is where all the recent offers came in. :eek:
I hope there ain’t none left then:D
I may not make it anyway. Gettin’ sleepy, and a lack of momentum is a bad thing.
I’ll probably wake up tomorrow ticked off about it. LOL
Were into the down cycle on the 1h Zigzag [B]MT[/B], you can grab a few hours! LOL
I love this smell of profit in the morning.
The same setup was on the G/U, so I jumped in there instead.
Up 40 and climbing.
Gonna lock some in, move my stop up to B/E, and see if it’s got legs.
Nice breakout so far.
Sleepy time!
And congrats Bucks! Give your bot a Paulaner Oktoberfest for it’s efforts!..
Better yet, drink it yourself:D
Prempted that by 10 mins… that cost me 20 pips off the bottom line. :mad:
Thanks Master!
Yeah one Kristallweizen please, but not in the morning. Not for my bots but me, because they would make only loss then while drunk, lol.
Cheers!
oops?
:eek:
No oops.
And no trade on the euro.
Total lack of momentum…
The cable was very polite though:D
Cool.
I don;t trade breakouts too often but like you I need a pattern or momentum. I just usually find it dangerous going long at highs.
Agreed wholeheartedly.
Choppy price action as it neared 1.34, and sleep kept me out of it.
Quite a crossroads here. The 4 hour is bouncing of the high side of the middle Boll, and the daily is hitting it’s head on the bottom of it.
goes back to sitting on hands
My instinct right now would be short on EUR/USD, the Daily gives a nice trendline.
I’m long from 1.326
Sometime tomorrow it will be higher than it is right now.
All looks quite bearish to me now on the 4H and Daily - especially with the Daily continuing downward in that nice channel it’s been in and heading down toward the Outer BB. All kind of looks clear for a run down to near 1.31 if I had to guess.
But I’m not confident enough to trade it. Market is completely schizo right now and seems to seize on any old thing for a mad run in some direction before screaming the other way again a few hours later. I guess it’s a reflection of the HFT algos in the stock markets churning away like crazy turning risk on and off with each new signal.
Short from 1.3375 and ten in a row 1h HA candles have been absent of an upper wick… pretty solid bear PA. However, last two hour candles have left a ‘V’ so exited and went long at 1.3253… I know counter trend and risky but I can monitor watch!
This is the joy of trading - we can all look at the same chart at the same time and still find shades of opinion on what is the best play! I won’t go countertrend, and have a short order that might or might not fill overnight. Good luck with it, though, I can see where you are coming from.