testing the 50% retracement once again will it hold ? I haven't a clue so I took 1/2 off and moved my stop to be. either 31 or 18 next stop
Derivative of, little bit more advanced, if you want them for TS, they are on my journal along with explanation on how to use. They are powerful. Anek
Hey Apex82..... Still holding short on the Euro....that was one beautiful confluence trade! Quote from apex82: now looking to short euro here 1.4844 up to 1.4853 for a big move to the downside. stop will be placed at 1.4860 filled short at euro at 1.4843 out first target 1.4825 placing be stop and hitting the sack. leaving targets way below the market. Nov. 28 (Bloomberg) edited down -- The euro fell by the most in two weeks against the dollar as a decline in German consumer confidence weakened the case for higher interest rates in the single-currency region. The euro fell as much as 0.7 percent to $1.4724 per dollar, its biggest decline since Nov. 12, and traded at $1.4747 as of 10 a.m. in London, from $1.4829 in New York yesterday. The single currency rose to an all-time high of $1.4967 on Nov. 23. The euro's decline accelerated after it dropped below $1.4775, a level at which traders had orders to sell, said Shigetake Nakayama, a manager on the proprietary-trading desk in London at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan's largest publicly traded lender. Traders sometimes place automatic instructions to limit losses in case their bets go the wrong way.
Any news behind this abnormal move? Just curious... Shorting now NQ@2063 Stop 71 Target 40/30 If we keep this level til opening, I´m going to short the gap move again. It is looking very bullish but imho there is not much room left to improve. NQ out of Bollingers and RSI >80 on 60 min basis. Enough for me to take a quick short