Thank you . I hope you had a fantastic day at the markets alsoOriginally Posted by ;
Thank you . I hope you had a fantastic day at the markets alsoOriginally Posted by ;
resembles a fantastic setup all over!Originally Posted by ;
I might even be tempted to try and squeeze more profit from it. .7160 level
Is it just me or is theforexforum.co.zawebsite really slow this afternoon?
Trade #3:
A commerce has triggered, long EUR/CHF @ 1.0797. SL @ 1.0769. TP 1.0825. 1R.
I do not think much else will activate as the machine is based on trend following and we must see some retracements first.
Otherwise, I'd be perfectly happy simply to sit tight and watch EUR/GBP fall
Originally Posted by ;Wow, I'm trying to post as quickly as possible, but this commerce hit its TP quite quickly.Originally Posted by ;
Normally, it does not achieve the targets this fast. But happy to have booked yet another 1%.
Trade #4:
Long GBP/USD
Update 10:03
Long GBP/USD @ 1.5778. SL 1.5751. TP 1.5832. R:R 1:2
Price has attained the 38.2% fib retracement and very close to the hourly 50 ema, so I'm taking this to me rather substantial profit off the desk @ 0.7265.Originally Posted by ;
85 pips or 1.55R for this particular trade (per place )
Very very pleased with this
Originally Posted by ;Closing manually @ B/E.Originally Posted by ;
Don't like the price action above 1.5800.
Only for my own notes/records:
- Missed a long signal on USD/CAD. Could have been a 1R trade.
- There were directional signs short on EUR/JPY and brief on GBP/JPY but the MM rules of this machine prevented entrance. But interesting to see the market moved in the ideal direction later.
- AUD/USD might trigger a brief signal. Stay alert. Will most likely be the last trade of the day.
- Ohh, too, my sense which Euro, Cable and Aussie had to retrace appears correct.
The way I view it, it's all about risk off at this time. Which means the JPY and CHF will probably be in demand, followed closely by USD.
I enjoy the Range of short GBP/JPY, EUR/JPY, USD/JPY, AUD/USD, USD/CHF, EUR/USD, GBP/USD and EUR/CHF. Only long is USD/CAD.
So for the next sessions, I'll be looking for small pullbacks to market into, at least until this market sentiment changes.
I am taking signals short on GBP/JPY, USD/JPY, AUD/USD and USD/CHF.
Trade # 5, 5, 6, 8 and 7.
I am stretching the risk exposure with 4% but I think these are great retracements...