Yah, i need to establish solid rules. I think they come with trial and error, i guess.
So you been flat?
Unfortunately I’m a short term trader 99% of the time and just take 10 pips so I was out ages ago. I try get 3 trades of 10 pips a week, more than enough for a good living. Finished for this week already, made 30 pips, £1,500 banked, so I won’t be doing any more this week.
However, I did to one trade the other week for longer term to give it and go and it went well. Plus if I had held on to mine today it would of been a good one. I think I am going to start trying to capture some bigger trades to capture the average daily range etc going forward. I will just do small amounts to start with, like £1 per pip. See if it’s for me, as generally I like to be in and out of the market quickly and finished for the week.
Today I would have been looking to take profits in the 1.3050/60 region as I see potential support there, so we have just fallen short of it at the moment. Will see if it gets there later.
Nice trade mate, spot on what I was thinking too
I think the fibre has dropped to fast, this can very well be the situation that will unfold, new york open!
Could very well be! new york open
I’m waiting to go Long at 13046 during NYO KZ
1.3064 that is?
no 46, I prefer yesterday’s AR low, as it is under the ADR Low
edit - also Moday’s AR Hi and yesterday’s low
… although I can see the reasoning behind 13064
OTE fib yesterdays low to today’s hi and yesterdays AR Hi
1.3046 is too clean, it may run down that way.
Went short yesterday evening on those ‘signs’ I spoke yesterday afternoon.
The signs were’nt the H&S on cable, nor the loss of momentum on fibre.
The ‘signs’ was my favourite ICT tool - ICT’s USDX Triad Divergence.
Bonds were rising all afternoon posting a higher high - usdx was doing the opposite - many times heralding a reversal of some sort.
Wouldn’t you guys say this is a more likely scenario?
1.3050~ I’m thinking lower still though therse nothing there as support
What do you guys think of the the fiber today…? Is this just a temporary retracement, or are we going into a longer term bearish move now?
I just started trading, so I don’t really know what to think…
I think we’re done for the day
But tomorrow, I will go for a swing up, possibly to the 1.3090-1.3105 region.
Reason for bearish: MF broken on the 1H and have a look at those beautiful railroad tracks on the Daily, which is also a 3 pattern fractal high.
I want to say start of a bear but the thing that still troubles me is all the bonds EXCEPT the 5 year are being compliant I think we’re just in speculation mode for fiscal crap and the banks are just protecting and dumping toxic assets
As we stand, i remain bearish on the US Dollar… Unless we see a significant high broken and market structure break on the USDx, i think foreign currencies still have some upside room…
Im sidelines till i see this play out:
Want to see a retest of the 80 / 80.10 level and hold as resistence and then a move back down…
All bets are off if we trade through and up taking out the 80.60 high…
Still too early to call
imho best to wait for Int Swing high to form on H4 before taking Shorts
Thank you for all the replies! It’s nice with some input like that, and some explanations! But how many of you will be trading tommorrow? And will you be looking for shorts or longs?
I already lost 1,5% of my account today, because I thought the uptrend would continue So right now, I don’t really know what to expect next…
Becareful tomorrow and Friday mate, a lot of data and BOE and ECB statements to mix things up.
Not a swing high?