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longshot_nl replied Mar 30, 2016about to short eurgbp. my first trade of the day. maybe nzdusd too
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
ADP not much impact according to expert.
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
hmm ye... they call it high impact on the FF calendar though. ok thanks...
The Swamp
- longshot_nl replied Mar 30, 2016
like this. My first time i trade news so i do it with just a little.
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
Perhaps here is a breakout trade opportunity. Either way it breaks put a order in that direction. above and below the blue area. Put a stop-loss on the other side. Afterwards we see if it would have worked out. image
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
disregard, i wait out ADP and crude oil inventories.. ADP could bring us at 1.11 I don't know if the level still is important to you. Of course price could go higher too. image
The Swamp
- longshot_nl replied Mar 30, 2016
yes.. i rather look for a breakout trade.
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
nah. i need confluence of more indicators to do anything. although weekly r2 is up there. i go short 1.1328 with a stop above the high. Perhaps a good target is the daily pivot point.
The Swamp
- longshot_nl replied Mar 30, 2016
everyone has his own way of doing it. That is why price keeps moving.
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
UJ... the technical target for breaking a channel is the width of the channel. there should be profit taking there. i go take a nap... image
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
something like this. thanks for the setup. image
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
gbpaud. ugly H&S may still work. image
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
i would not yet. more candles above entry.
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
now at red line, if retrace, orange line is good bet. image
Longshot_nl's confluence system
- longshot_nl replied Mar 30, 2016
I had a plan and i did not execute it. I am useless if i cannot even execute my own plan. UJ does not have to retrace at all which makes me miss 1000 pips so i have 75 pips or so..
Longshot_nl's confluence system