Nice rejection of support. But has quite some resistance to fight on the way up. Not for me.
Cheers
Nice rejection of support. But has quite some resistance to fight on the way up. Not for me.
Cheers
Not entering anything today. I think Iâm catching some cold. We rarely have temp. below 20c here in Bangkok. :15:
Hit final TP at 89.00. Hurray!
what the hell happened to eurgbp
EDIT: apparently some high impact news shattered my tradeâŚfirst loss in a week
For Eurgbp, i think the Daily signal won and the H4 signal lost the battle. As we all know it already, Daily signals are more reliable than lesser timeframes. But we tried to think the contrary. Market always punish that kind of errors. Thanks to stops, got out of the market at time, itâs literally flying now.
nah it was due to high impact news that just happened few mins agoâŚthat caused 70 pips move in like 2 mins
Seems so. Iâve had that lesson a few times before. Even at H4 the news spike could easily hit my SL. Best tighten your SL as much as possible when news approaches if youâre in an intra-day trade.
1- This new wasnât so important to make that move
2- the new wasnât bad, it was better than the previous, but just lesser than the forecasted.
3- The signal of long was already printed on the daily chart.
4- Sl hitted, means we were wrong on the analysis. we shouldnât blame news. news results are still in the sense of the expectation.
but the gain spike was due to news
im not sure why its a big dealâŚthe spike happened just as high impact GBP news happened
Our Strange forex markets. Plot theory ,
Guys, one didnât need to know whether or not any news was coming out.
The H4 trade hit the FTA, thatâs all we can expect a trade to do; from there on, itâs anyoneâs guess.
Thatâs why I asked Justise how he was planning to manage after seeing that FTA had been hit ( and rejected ).
For a worst case scenario, our stops are set, nothing much else to do
Cheers
Major reversals taking place on most of the pairs intra-day!
Candles close in just under an hour
it actually was literally 3 pips away from my TP
I thought Iâd enter EURAUD H4 pin bar. But when I look at weekly to find major S/R, my level ended up below the pin instead of above it.
Weekly
H4
Plenty of room to move but counter trend. I have my doubts so better stay out I guess.
Just took a short position on EUR/USD. Looked like a large pin that closed within the previous candle on the 4H. Would like the groupâs thoughts.
if you take a look at daily its trading straight into support