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is it double bottom on daily EUR USD ? Additionally, yesterday was bullish engulfing. Could really take off. I have a buy order @ 1.2986 or so.
 
interesting ordinary --- what would your stop be if entering around 1.2984/85 level ???

Hard SL around 1.2880. I trade smallest stake possible.
By the way, I'm in now, currently in the black.
The issue is, I should look for a 100 point move up, but I am impatient and usually close with small profit... Will try to hold this one.
 
Morning all, good luck today, month end, US players back in, algos turned back on...could see some wild swings..it's going to be a cracker of a day!!!
 
eur/jpy sell @10374 stop 10 points
gbp/jpy sell 12861 stop 10 points
eur/usd sell 12997 stop 10 points
 
and then
What magic lines are you useing master :cheesy:

:cheesy: nothing magical about it, simple probabilities

1> Current 20 day moving average of EU TR is 90 pips (20 dma works for me)
2> There is a 60% chance of EU meeting this 20 dma TR
3> Low yesterday was 12886, therefore 60% chance of EU reaching 12976 (12886 +90)
4> 100% probability of EU retracing to near 38.2% on any time frame (check this out!!)

Therefore shorting at around 12980 looking for 20 to 30 pip retracement a very low risk trade!!:clap:

Love it...
 
Hard SL around 1.2880. I trade smallest stake possible.
By the way, I'm in now, currently in the black.
The issue is, I should look for a 100 point move up, but I am impatient and usually close with small profit... Will try to hold this one.

Nah, closed @ 1.3010 +24
 
:cheesy: nothing magical about it, simple probabilities

1> Current 20 day moving average of EU TR is 90 pips (20 dma works for me)
2> There is a 60% chance of EU meeting this 20 dma TR
3> Low yesterday was 12886, therefore 60% chance of EU reaching 12976 (12886 +90)
4> 100% probability of EU retracing to near 38.2% on any time frame (check this out!!)

Therefore shorting at around 12980 looking for 20 to 30 pip retracement a very low risk trade!!:clap:

Love it...

love the approach,like the 100% thing
 
Gold on the march and trying to break out of trading range, expect more dollar weakness
 
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