Can the pissing match between Lucrum and TradingJournals please stop. I do not want to get any complaints from other readers...please fellah's work this out privatly and TY for posting your trade calls... ES
As the song goes from Kenny Rogers about "The Gambler": "Don't count your money when your sitting at the table, there is enough time when the dealing has been done." Xena
Yes, it's over in a very big way. I entered short the break of 1.4753 as i mentioned in my initial post. I revised my target based on the new high made @ 1.4941. Entered at 1.4746, got slipped a little. the new target was 1.4567, which hasnt been reached on my platform yet, but I took the win at 1.4585, for a nice 161 point winner. my initial stop though was pretty wide. there was no way i could use the hourly bar that took me into the trade because that would have entailed a 100+ so I just rsked it bac to the big figure at 4800. which got me around three to one. The pattern has resolved itself and the market should find support through the Asian session in this area, barring any fundamental suprises. The big move is over so i get to take a break while another tradable pattern deveops.
All right, I will give you one in real time, Rectangle breakdown in GBP/USD for a potential 100 point winner. Enter short @ 1.6426. Risk to 1.651, target at 1.6330. Easy trade, good R/R, fits todays fundamentals/sentiment. Try it small. good luck.
eurusd at 1.4580. I am now considering playing on the long side, but have questions about the upside. How far do you think it would go up if it goes up?
by the way, there are very few pockets of support between .6403 and 6330. so this could be a quick one once we resolve this little congestion.
Good job! We seem to have go out at about about the same price level. I wonder if it was at the same time.