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shellsnail replied Nov 24, 2013Wouldn't be surprised if these trades only get filled around london open - 4:42am here wouldn't be awake if I could fall asleep :/ COFFEE at night is a bad idea.
Somewhere to document my thoughts...
- shellsnail replied Nov 24, 2013
before anyone gets the wrong idea, I am still taking buy trades on GBP/USD if it pulls back on 4H because ofcourse it's in an uptrend so the right thing to do is BUY until otherwise. but I don't have to worry much about that because EA will do it ...
High Probability Trade Setups
- shellsnail replied Nov 24, 2013
Yeah if you compare GU with EU after the crisis. Euro has recovered much of its value immediately after the drop, but GBP on the other hand is dead in the water... Something about its fundamentals must be holding it back... If the large players are ...
High Probability Trade Setups
- shellsnail replied Nov 24, 2013
Target is based on monthly chart triangle playing out to the downside.
High Probability Trade Setups
- shellsnail replied Nov 24, 2013
no I meant what i wrote - it's either a bull trap or it's a breakout. either way if you short there, it's a high RR trade. Ofcourse my mantra is to trade with the trend, so unless it's a sudden news spike of 100 pips I probably would not enter with ...
High Probability Trade Setups
- shellsnail replied Nov 24, 2013
well, it's the same set-up I will trade if it appears on a 15 minute chart, so yes it's high probability if that's what you are asking. ofcourse it's not a set and forget trade, you have to manage it once u are in. If market only gives you 300 pips, ...
High Probability Trade Setups
- shellsnail replied Nov 24, 2013
Well short set up didn't work. Long set-up worked though on audjpy. out at breakeven for shorts.
Somewhere to document my thoughts...