Nice trade management. I would go for 62.50 as an entry, but don't do second if first fails.
Nice trade management. I would go for 62.50 as an entry, but don't do second if first fails.
That's a good trade. I should think there is a trend change and may go further.
experiment - tiny £3 per pip long 246 stop 141 (based on today's candle - I'll leave it till Mon)
PS Called it an experiment because according to the rules long should be entered only when price goes above doji's high. In that case would have to put stop twice as big.
Otherwise there is bullish divergence on MACD and Stochastic (daily chart), which is only a warning of future up move - not a signal.
Open and close are close enough for the candle to qualify as a doji IMO.
It also comes after a down trend.
Altogether a promising and not so perfect trade.
PS Called it an experiment because according to the rules long should be entered only when price goes above doji's high. In that case would have to put stop twice as big.
Otherwise there is bullish divergence on MACD and Stochastic (daily chart), which is only a warning of future up move - not a signal.
Open and close are close enough for the candle to qualify as a doji IMO.
It also comes after a down trend.
Altogether a promising and not so perfect trade.
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B
Black Swan
hmmm....also a hung parliament would be an unmitigated disaster from the perspective of other the G20 global players...as if it wasn't (the economy) in a fookin mess already...did ya catch any of this cable dive with your signals Vaco?
B
Black Swan
I've done OK across a few pairs this morning...EU, the aussie, loonie and the swissie have been the sweetest/simplest trades so far...stopped out on cable long, then went short...went short UJ at midday, looking sick already...
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