Well the day isn’t over but in a previous post I predicted 1.58 figure. Missed it by a pip. Now if I had traded I would have gotten in at 1.5803 and I meant to put that in my post but I think I left it out lol.
And this is me trading in between raiding. Talk about badass…
Cable stop run went into Mondays Low and quickly reversed +35 pips trapping shorts. Low of the day, Longs are safe for profit release phase.
I survived the stop run by 2pips and have justed closed 50% av my position and move the rest to BE 
But looking at the lower lows on the cable while none on the fiber, the fiber is the pair accumulating longs,what with nested ote’s etc. This is what puzzles me… 
Banks Release the Dogs!!! tpfuu profits…
had the exact same stop 
I should really start a stop run prediction service or QnA lol. I may make up a trading strategy based solely on that. I think that “brick wall” is the start of a 250 pip retracement. I do feel like I’ve taken huge leaps in my trading lately. Due to a higher time frame mindset.
EDIT: I could be wrong. Maybe they took us up just now for the release to slam us down :D. We are in OTE area from yesterdays high to the low at 1.58 just made. lol these are those contrarian thought we were talking about akeakamai.
Bearish divergence between cable and fiber also lol
Took the same, 30 pips off so far, good trading!
First TP taken at 30 pips
Been flat all week so far, seen nothing that really stands out for me to want to take action yet…
Really trying to be patient this week and hunt for my one shot one kill…
Most of the reason im staying out is because im really unsure of a direction i think were headed at the moment - im swayed bullish but the Fiber personally looks too sloppy for me to want to do anything, Cable looks a little better but im waiting for a solid bullish break in market structure. As we stand, i watched the Judas swing down in the Cable this morning, lined up all the reflections etc, would have been a great entry but technically speaking - in my eyes anyway, market structure remains bearish…
Awaiting a solid break of the highs at 1.588 and then a OTE to get in sync with a move upward…
:57:
patience man… i admire you! way to go!
thats one of the levels i have noted.
I’ve been testing the “other” type of double tap entry style this week, to see which type I ultimately prefer.
Usually, I place one order and manually sell off half at 30 pips and then move stops, etc…
From this morning I changed tactics, opened 2 positions, half of my usual full order with TP set to 30 pips, the other with open TP, or TP set at a higher TF target.
I think you have less to worry about with 2 orders, should the trade move in your direction (automatically closed out etc…), but Im still unsure with 2 orders, I think it will ultimately be more to manage if you want to close out the trade after say 20 pips if price is stalling or you think you’ve got it wrong… How do you guys typically manage these? I suppose I’ll just have to see what I feel more comfortable with…
Order from earlier:
I know I know I know, I saw it too, this is the most expensive hangover yet, and for those of you into a bit of volume, volume spike on 1hr, remember it’s either narrow spread candles, with extreme volume be it high or low, that’s where I was going wrong with VSA, using it to work out if the market is buying into bears or selling into bulls, it’s a waste of time, but extreme volume for entries I’m finding very useful.
Went long £20 per point at 1.32916
Half off at 1.3335 for £434 profit, remainder leaving to run up to 1.3480! :59:
I’ve tried both to be honest and the double tap works well if you are away from the computer and want to set a partial TP.
With the one entry I’ve been driving and watched 100pip moves come back and retrace, leaving only partial profits. It’s a little more work but no major drama and in the long run, I think it may make more than it loses. That’s my opinion anyway. When I’m in front of the screens I’ll go with the one order.
took 20% off at 50 pips on fiber, 20% off at 50 on cable. looking to reenter those positions at 1.33 ote in nyokz if it will get there again. still targeting a break of the highs. now after a lot of stops below the range on cable and fiber got busted, the ones to the upside could be next. stops, we’re comming for you :16:
edit: i’m more confident with my cable long though. think we could see 1.5950 by the end of the week.
Not that 3285 fig again!
Mind you suspicious looking rally - it’s not the Euro, it’s the dollar so usdx comes into play.
