manually exited for +8 pip profit...should have taken the profit at 1.4355 but was not watching the screen and did not want to wait until it heads down again...move on to other trades... exit for +8 pip profit at 9:50am
man that EURUSD keeps bumping off the 4430-4440 range for the past 2 days. It's been good for some short scalps, but I don't know how much longer it will hold. I think tonite we will probably see it finally break 4450 and continue forward.
I am guessing your on a fixed spread? I have ECN execution with variable spread. It's like buying a exotic wild animal. If you can't handle it, don't buy it.
it's going to 1.4535. Key levels at play. Next one is at 1.4535. It's been bouncing off because a lot of "good traders" missed their long-entry.. so they shorted it down low, people bought in on the dip, went back up, sold this positions, brought it low again, bought it back again. The current supported level 1.4346. and traders have used every opportunity to buy in near the dips near that level. Happy Trading!
yeah I have been playing the ranges (4370-4430) for the past 2 days and it has been holding. I kinda expected a little more retracement after the 3-day run-up but after watching this since Mon night, I think the base is in at those lows. I will be buying on the break of 4450 for longer than a scalp, maybe up to 4550. I really wouldn't be short here other than a scalp.