Yeah, I see perfect ABC sequence on hourly now... And this short wasn't that dangerous if I saw it in that time...
I like all of what you've written, but especialy the above.... When told on a forum on Sunday by another trader that he thought EUR was going down, i thought that April's high (1.6000's)looked like the logical target for the current price action...but even so, anticipating such move and actually trading it, is two different things, intraday PA will show the way, like it did tonight(i only picked up a small portion of it). We had two easily tradeable consolidations.
I am Going with swings and mixed porfolio USD/ZAR B USD/ZAR B USD/SGD S GBP/CHF S GBP/JPY S AUD/NZD B EUR/NZD B AUD/USD B NZD/USD S Trend on those are for a month starting with nzd/usd and usd/zar and adding with 50 to 90 pips
OK Guys Out of the USD/zar with some 20 Pips Out not cause Its Not a Buy...It takes 5* times the Margin Req Analysed all now in MKT with with these holding for a month EUR/NZD B AUD/NZD B EUR/GBP B AUD/USD B AUD/JPY B NZD/USD S GBP/JPY S GBP/CHF S GBP/AUD S GBP/AUD S NZD/USD S USD/SGD S
well said guys.. I found that once I stop anticipating, and try to let the market to show me (by PA), things are much easily. I used the term "ego" when i talk to CF about it... Still easy to feel confidence without ego, still need way more expereince
ATM top was as simple as a TL on the hourly or 1 min. Toppy cycles gaves us way, way over 100 pips and as usual the turn happened well in advance of news so when it got whippy at news time you could play it if you had the skillset or ride thru it if you preferred to sit in your position. Sometimes you have to be clever and fish for the reversal and that can be profitable in itself. Many times however it's a no-brainer like this chart.