you know...regulated or not, if it allows me to make money i go eahed......and if you trade with a reliable bank - there is no probleme.
Watch out for a bullish divergence in histogram on a daily chart which is about to complete and on a previous occurrence has triggered a reversal, ADX also on the rise though. I haven't looked properly on all time frames though. I can't say I like the way EUR/USD is looking at the moment for my long position. I have a nasty feeling that USD will rise. EUR has held support pretty well today, I have a hard stop @ 1.3114 below the next support level.
Just to add, I think USD/JPY might see @ 117.60 before any further downside, ADX on weekly shows a low reading ~10, though on daily it's pushing 20. That BLD might push price to the above mentioned level and if 118.57 is broken, then USD will be back in bull mode IMO. I would be long USD/JPY here with 50% position size and add upon completion of a BLD.
made a decent 140 pips on the way up...got stopped out on my trailing stop at 152.66...my view was on 152.5 when i got in, and after it breached that i kept a 20 pip trailing stop as and when I could (not a full time trader, check and change positions ~2 times a day). Current position (and I know that this will imbibe vociforous laughter) - short eur/jpy - 2 day view starting now and till friday close....entered at 153.13, stop loss 153.5, TP: 152.8 (hoping the 153.4 pull back plays out again prior to weekend). If Eur-JPY trades through 153.5, then will look to reverse - but not on friday. Observe the close tomorrow. Ciao
I went long on the 1.32 break. The rest of you better cover. The moment I went long, the trend will reverse - that's my luck this month.
If a current intraday bearish divergence does not trigger a pullback, then we should break current highs IMO.