Hi guys, to all 3 questions: The 1.3750-25 area has plenty of support as well, and could have easily lifted the pair as well. I chose the lower level at the time for the reason of there being more time for price to essentially exhaust itself. There was a lot of parabolic price movement leading into this area. The chosen level has a very good history and alot of buildup behind it.
Well I went for 1.3950 and limited out at 1.4050 for 100 pips and $300 on 3 minis so I go the bottom wrong and you guys were nearer the mark at 1.36ish ray
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Any thoughts that maybe 1.3750 will be the bounce area? Look like some good action around there as well.
Any reason why you wouldn't go for the 1.3725 area?
At the time of this post EUR/USD was around 1.3865 , lowest point 1.3802 before. What is that 1.3669 ? Dezo
Hi guys, to all 3 questions:
The 1.3750-25 area has plenty of support as well, and could have easily lifted the pair as well. I chose the lower level at the time for the reason of there being more time for price to essentially exhaust itself. There was a lot of parabolic price movement leading into this area. The chosen level has a very good history and alot of buildup behind it.
Well I went for 1.3950 and limited out at 1.4050 for 100 pips and $300 on 3 minis so I go the bottom wrong and you guys were nearer the mark at 1.36ish ray
I see 1.3740 as strong too. Are you still waiting on 1.3669 though, or is this trade done? Sorry if this is a dumb question -- I'm new to your blog.
Thanks!
Hey can we get more info on tp and sl? thanks!
Hi spud, please refer to and read the notes in the following links:
http://www.nobrainertrades.com/search/label/Performance%20Grid
http://www.nobrainertrades.com/2008/11/introduction-to-stop-losses-and-taking.html
http://www.nobrainertrades.com/2008/11/stop-losses.html
http://www.nobrainertrades.com/2008/11/profit-targets.html
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