i just opened an account in oanda with 100$. i will start trading in the next year. if possible i will post the visitors pass to my account and all the entrys with explanation.
long time since i don´t came here… it looks very diferent.
hope to have nice discussions like in the old times.
Welcome back! Do you have a system to share or will this be more of a journal? If more a journal, let’s move your topic over to the Trade Journals sub category. If you do have a system to share, why not post up the details for us to review and discuss. Let us know, thanks!
W forming on that last candle.
strong up momentum
middle Bollinger band in H4
great RR ratio with 22 pips SL and 65 pips TP
i use fibs expansion to TPs
for me is a good entry, hope the market agrees with me
Welcome to the forum. Though I am a novice member here, i think what you are doing is great. Mini accounts always help the traders to track the market movements and once a trader will get the idea about forex trading then he will be available to do successful trading.
explanation for that trade: that last candle pattern “twin towers” failled to broke the previous swing high, and for me that is a entry setup. i put a pending sell on the middle of the yesterday candle and now i will wait for it to start free falling. SL is 68 pips, TP is not set yet but can go for at least 250 pips.
i know it can still go retest that other resistance, but i prefere to lose some pips than miss a good move.
Hi, i think this is really good trade, but cable seems on global trend long very strong and the expectations are maybe better on bull side . . . good luck
I’m just not sure about the retest of the “previous high” which you spoke of and I agree is a possibility.
I won’t move very far - but I have some confidence she’s a good bet and will want to be “Proven wrong” before I capitulate.
Time will tell and if I move it I will say before it gets hit.
I’d like some of the “Fence sitters” to have a punt at this time tho’, instead of rushing in when we’re right or wrong saying “Well it was obvious” - It Isn’t !
[Edit I have a double position and may close one early to Lock in profit - We’ll see ! ]
dealers certainly aren’t losing any sleep or rushing to cover short gambles in cable for now, as they haven’t been since 2nd week of quarter 4.
10th October, 13th November & 18th December to be precise, which happen to have also registered the heaviest short weighting in that pair at the time.
Is shorting that pair at current, & those recent levels really the highest probability bet you can identify out there this week?
[quote=“Falstaff, post:19, topic:127783”]Tonight IG are registering 62% “open interest” are “SHORT”.
They will see that as an opportunity to push upwards.[/quote]
always wise to include & pay close attention to that data, particularly associated with retail participation & especially when price is cycling in a different direction!