Ok update, it blew thru the Asian high, Divergence now void… Hummmm Judas Divergence? Lol
good one
missed by entry on the 20 by 1pip
Guess who just closed his long position before the big move? 
Fastest 40 pips ever, or an ultimate judas swing 
I hate second guessing interest rates days. I’ll probably close close to 80, or trail the stops tight. I’m always weary of this type of move right before the rates decisions…
Could this be the big boys putting their foot in water before the ECB release?
Long at 1.2528, good swing high out of the traps, that for me is a sign of some proper bulls, Asian High provides support, and off to the races we go.
Exactly the opposite to yesterday, which was swing low straight out of the traps, Asian Low provides resistance, these are simple trades, and so powerful, just do them over and over again.
That’s what the spreadsheet I posted last week showed clearly.
Lol Sorry but I know soooo well that feeling, I’ve done this so many times myself :56:
Today is the exception, closed out for 62 pips looking @ a retrace to the Asian high to re enter…
Yep, I’m really not sure how this is going to play out, closed remaining position @ 1.3570. We’re in the zone for shorting + SMT divergence, Cable, higher highs, Fiber - lower highs, USDX - higher lows…
If you haven’t gone long on the EURO, I suggest you don’t trade it today, anything can happen, if you are in, it’s always worth leaving a portion of your trade on, it could fly, and with a bullish market, it’s likely to go up anyway, and if interest rates to go up, well it’s champagne time.
If I could have done a partial close I would have but decided to try & get back in on a retrace as the fiber is in a OTE short on the H1, though it’s pushing through now by the looks of it…
Keep an eye on UK100 & German Bund at presnent moving with fibre
Agreed… I’m looking for the 2580 level which lines up nicely with R1
Edit: Also, looking left on the 1n4Hr its been a nice line in the S/R
Euro Bund hit support - if it’s going to turn now would be a good time - no selling for me anyhow - just learning
Yes, good advice, I should really try to get into the habit of this, but Im always worried that when you’ve got a 3:1 R:R going on, I’m going to lose it. In a way, this helps to control the greed aspect that can take over. Always holding out for more. I’ve found that if I can pay myself well on a trade and miss the other half of the move up, I’m not worried about missing it. If I was, I’d still be holding my Longs from 1.33 :). Some practice required I think for overall trade management.
But the USD bonds are going lower now. EU was at an OTE, so maybe a short term correction into NYO and than all the way up to 1.3720
Look where the resistance is, yesterday’s Asian Lows at 80 level.
could you guys give me an explanation why you went long fiber where you did this morning? thanks.
edit: and btw looks like i’m the only one short fiber from 1.3572
For me
4h and daily are still bullish
I felt Tuesday had posted the low for the wk
3500 was holding and then we traded right above the the AR high which was also the 20 level
So we swing out of the AR quite fast, is this the sucker play? Initially I think it is, on closer inspection, we dont pop the stops around 1.3545, we also only rallied 20 pips total or so, over about 6 15M candles. I’d be expect 20-30 pips in a single candle if it was the sucker play. Price retraces, where is it likely to find support? the AR high… If we dont get support there, then we will likely smash through it and head lower.
The amount of control I had to exercise NOT to enter this exact trade was unbelieveable :p. I think thats a good entry for a few pips. Stay nimble though!
Because of the swing low formed on the daily yesterday? low with two higher lows next to it? Today made sense to go long.