post was made on April 27th. Today is May 2nd. Price has been between 1.4880 and 1.4780, consistent with price and distribution forecast of the models. I do not subscribe to forecasts that are based on hindsight, because they inherently lack the foresight.
more like 1.49 and change Oh so you just delete your trade entry post when it goes against you. LOL Again I have to ask, who here in this forum do you think is naive and or dumb enough to fall for your bull shit?
You need me to rephrase the questions? I know you've had trouble with reading comprehension in the past.
While you ponder those questions here's another example of unbiased I don't don't give a shit which way the market goes trading. Break even stop already in place.
The opposite opinion of the the above post has made a lot of pips. I lost the count of the trips of 100 pips below 1.4880. 1.50 was only around 100 pips, the pair was zooming, yet the music stopped abruptly right after the above post was made. Today is May 3rd. EUR/USD traded more than 120 pips below the 1.4880 level it was at on April 27th, yet did not budge above 1.4880, while it made a number of trip from 1.4880 of 100 and more pips. The saying that average dumb joe is always wrong in markets is probably true.
So what's your point dopey? I've been in and out both long and short repeatedly since then. You going to claim your talking "models" had you short for all of every sell off? And flat or long for every rally? And how about the questions you keep ignoring? No argument here.
Had a trailing stop hit at 1.4790 for a nice 4 session for 147 point profit. Was very tempted to jump back in and try to squeeze some more ticks out of EUR, but am glad I didn't. Was able to play some countertrend moves short term in the EUR/CHF to keep things chugging along, and to help me avoid the "broadening pattern" currently playing out in EUR/USD. Where do we go from here? As a breakout trader I fear and respect the pattern forming in the hourly right now. Too many good traders get chopped trying to buy or sell the momentum during this type of congestion. However.............Using classical methods, a break below the most recent low (third touch of the bottom of the pattern low boundary) @ 1.4753 could lead to a nice move to next logical support ing the 1.460/80 area. Be careful though, you are fighting a powerful larger trend and this collpse could happen in a matter of 4 or 5 bars after breakdown. As always, stay on the risk like glue. The continuation breakout could prove to be dramatic, if and when it occurs. Using a break of 1.4891 as an entry point, there is a reasonable chance that the 1.5150 area could be challenged on the next upward wave. 1.49 has proven stiff resistance with 4 runs and three failures. If breached it should melt like butter. Lot of profit taking in the high 800's, and as we all know, the suckers are using the 49 handle to define risk in there countertrend trades. This market could run if we trade through those stops and the trend followers and momentum players jump back on. It is also worth noting that momentum in the down swings has been tepid, while at the upside of the pattern momentum readings have been solid if not spectacular. Waiting patiently, trying to avoid the chop. See you at .5150, Wish I could post charts but dont know how.