IMO,stop buy above the EB
Hey FXO , Can you give me a comment ?
I like this setup. thanks for pointing out. Iāll look for it on Monday
EJ
Hi, actually Johnathon has pointed out that this is also a good (not best) setup, but definitely has got some trouble area which means resistance.
Actually EURUSD got hit on the 1st resistance on 1.3590. If i took the trade, I will set my first TP there and set the rest for BE.
Thatās just my opinion.
EJ
I also got this position. But my 1st TP got hit and the second position was hit in BE levelā¦ it is all about how you manage the trade???
Ohhh i get it now. I was looking at it all wrong. Iāve already read first lot of pages, but unfortunately i got wrong idea about swing high/low.
Thanks for reply!
DC
the close doesnāt doesnāt extend past the high of the previous bar.
Hello John,
discussed this trade as it was playing out. A few in here took this and depending on how they managed some made profit and others break evens or loss. I did not personally take this trade but price went to exactly where we would expect before rolling over back lower so in my opinion this worked out just fine.
Here is post before trade:
And now the chart we can see price moved higher into this area before bears came in.
Hope this helps,
EURUSD 4HR CHART
Johnathon
Hey hi,My thoughts on this was that it wasnāt a good trade anyway because the eur/usd was at a higher high (extreme range) and a pullback to a value area was and is (approx 1.3270) a very logical expectation . you did look at the h4 to buy but you didnāt notice the dominant picture of the daily that formed a bearish Engulfing bar and it was classic. to add more confirmation to this there was a 50% rejection of the daily candle of the previous day( before the red candle) that showed great profit taking and warnings of a correction!
EUR GBP daily 2BR hasnāt reached stop loss after all and now itās in profit. It was a good counter-trend setup imo. The 2BR blended was a big bearish pin.
Any FSO members know how long after payment will i be able to loginā¦I thought an online course would be accessible instantly after paymentā¦im home bored and would love to start reading through this NY snow storm
Iām logged in
Johnathon responded to me immediately after emailing him.
Glad youāre in. Youāre lucky as that was 2am my time when I got your email and had just woken up and checked my phone when saw your email.
Will post a bit more in here later before weeks open.
Great charts man.
Would love to hear your thoughts on audcad daily BUEB. To me it looks like it is with trend, at a key level, bottom of a swing low. Itās a good size bar engulfing the previous 2 candles. About ~80 pips to FRA, ~150 to my second target. Waiting to see what Monday brings
There is to many chiefs not enough indians here confusing!
heyā¦where r u from and what do you want? just ask hereā¦every one here can do theirs level best. and what can i do for u?