Now E/U at 1.4607. Could the thinking of the bulls who entered at 1.4596 be something like: if we take 11 pips profit on half the position and keep stops on rest as initially planned, is there a risk to the overall trade? Update: by the time the post was finished being typed, E/U is at 1.4615. Could the thinking of the bulls be something like: would it be too late if we do not raise the cost of stops, and secure some profits at this stage?
E/U: could now the thinking of the earlier bulls be something like: "now that it has risen, it may be sensible to move the stops higher such that to secure profits and give it some little room to mvoe around?
e/u at 1.4619: could the earlier bulls thinking now be: the area of 1.4620 to 1.4625 was a resistance a couple hours go, so could they be asking something like whether it would be sensible to take their profits and wait to see whether Mr. price would clear the hurdle?
Hi SM. Let me try it again. Let me assume that a hypothetical trader expects a pair to make a move of a certain number of pips in 4 days. So s/he may ask: what is the maximum s/he can expect to make (in comparision to trading the 4 days) if s/he tries to capture the move of the first 2 days, the move of the last 2 days, and the eventual retreat that may take place sometime between the pair of 2-days?
The 1-minute bar at 11:35AM is 10 pips tall (low is 1.4615 and high 1.4625): could the traders be asking something like: is the bar a fingerlike sign to those who may have bought at the top of it, or is it a bullish sign?
it was a good upmove overnight. I am out of long. e/u now at 1.4680. I was to try the short side, but I want it to go higher if i does and I do not have the appetite yet to take risk. Maybe I need an appetizer.
I am tired of waiting for these buyers to go away or to make their move. I wanted to sell at 1.4699, but the idiots stopped pushing it up as soon it was 6 pips away from 1.4699-- the top so far is 1.4693. It is now at 1.4677. I wonder whether I should just starting playing the short side, and tough it out if it goes against me. I believe a potential problem is that the longer it takes for them to move it, their chances to make another upleg might not be decreased if they hit stops order/etc.
Net: +546pips Cumulative gains: 569pips. Cumulative losses: 23pips Number of trades:19 Number of trades with gain:18 Number of trades with loss: 1