whew and wow and wow....at 8:52pm EST finally got filled at 1.6405 for a 10 pip profit....this was a great learning trade for me...the longest forex trade I ever took...it did not get stopped out and hours and hours later...filled!!!!! for a profit!...learned mega lesson about self-control in trading than ever before...very thankful...I am on my phone but wanted to note this...best trading to you all
This CIT news is proving to be somewhat of a kick in the balls to the financials and is probably going to be a drag on the currencies for the next 12 hours. Probably due for a nice correction from the past few days, especially when Europe opens.
I just shorted EURJPY 132.50, with buy limits at 131.95 and 131.40, stop loss is 133.15. We'll see how my account looks in the morning.
First target hit for +55 pips, second half stopped at break even on that spike after the JPM earnings. Came within 22 pips of the second target. Not bad a bad night, given I slept through most of it.
I don't know, Cable. I do not use those MA's. I tend to place more emphasis on S/R, Highs & Lows, trendlines, etc.
I don't use them either, I'm a scalper I see price bounced nicely off mid 1.40 for a little rally up ~80 pips, would have been a nice trade for someone.