Let's Talk Trading Set-Ups

[Pat494]

Another lesson learnt the hard way. I had 13 open forex positions at Friday close. By 7 am Monday I had a nasty 4.5% loss on my wedge and only 1 still open.
I will be closing all positions Friday night in future.
Hope you guys did a bit better over weekend ?

 

[momo3HC]

Another lesson learnt the hard way. I had 13 open forex positions at Friday close. By 7 am Monday I had a nasty 4.5% loss on my wedge and only 1 still open.
I will be closing all positions Friday night in future.
Hope you guys did a bit better over weekend ?

You`ve learned it by the hard way but the good is that you`ve took your lesson.

 

[RachelFX]

NZDCHF was a lovely short to close the range down to the previous daily/weekly rejection, for 140 pips.

The flash crash created a new low, breaking a very strong weekly support level. Price has now pushed below the support and showing daily rejection and today's current position is retesting as resistance.
Will be watching on the 4hr chart today to see if Price Action provides an entry short to fill the wick for another 150pips.

 

[RachelFX]

And the wick on NZDCHF was filled!
Despite the current conditions this trade moved really well.

 

[momo3HC]

Congrats.