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moneymagnet replied Aug 29, 2018Luckily I was able to close my short from earlier before my business meeting. Now on shuttle back to airport trying to watch this from my phone. Gotta sit down with laptop to look at this but looks like it broke up past 54 Lmwa
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moneymagnet replied Aug 29, 2018generally 1-2% sometimes less/more but that's about avg. Sometimes I will also "average" in my lots for a trade. Just depends.
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moneymagnet replied Aug 29, 2018I shorted the retest of the break. now I will wait. SL roughly 200 pips (manual) target roughly 400 pips (manual)
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moneymagnet replied Aug 29, 2018depends on how you draw the TL I guess. Tight with TL body only, shows a break and now re-testing. price will show us.. image
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moneymagnet replied Aug 28, 2018If MT4, click on the line then go into properties. deselect 'ray'
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moneymagnet replied Aug 27, 2018unless one is predicting or picking a top, I do not see any reason to short this yet. 6 green hourly candles in a row so far. image
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moneymagnet replied Aug 27, 2018oh no doubt!! I took 33.5 pips earlier and another 12 on these moves up. I didn't hold them because i knew some resistance levels were coming and didn't want to get caught in a bull trap situation. Sitting on my hands currently.
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moneymagnet replied Aug 27, 2018maybe, but on the 4hr, divergence (bear or bull) can still move hundreds of pips before retracing or reversing. Or it could stall in a 20 pip range (for example) to catch a breathe so to speak then continue on. Its just an indicator; price will ...
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moneymagnet replied Aug 27, 2018H4 view, testing the TL's with bearish divergence. image
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moneymagnet replied Aug 27, 2018there is a monthly pivot at 16840 area but this sucker is moving at the moment. R2 at 17030 area and WR1 at 17083 area. If it clears and closes above 6840 area, it is very possible , IMO
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moneymagnet replied Aug 27, 2018NICE!!!! I see no reason to close it yet unless you are just banking the pips.
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moneymagnet replied Aug 27, 2018personally, I am looking for a close above last week's high. If that happens, I will be looking for a place to buy if my blue TL doesn't break. We shall see what the big boys will do. Hopefully I can ride their tales in the correct direction. image
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moneymagnet replied Aug 27, 2018There's always another opportunity/set up. 335 pips is not bad in my opinion. Lock and keep profit wait on the next one.
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moneymagnet replied Aug 27, 2018I got in a little earlier than you (time wise) at 6165 and had to endure some draw down but hit and close on my target of 6500...+335 is always a good start to the week!
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