Does any one know if there is scheduled news coming later today or tomorrow? What the chances of a revisit to 1.45 in next 24 hours or so?
Tried my luck on short side at 14682. I hate losses, so I plan to put a stop (maybe one pip) in the green. update: stopped at 14681. +1pip. I would hate it if it later goes down after stopping me.
e/u at 1.4695. I am trying short side using reduced reduced size. Update: e/u at 1.4689. taking some profits to cover for cost of stops and make a small profit on remaining.
e/u at 1.4679. I am thinking that I should get out, and wait until it clears 1.4670 (for the moment)..
e/u at 1.4662. Getting out here, and will decide later after I watch how it handles 1.4660 and below if any. Otherwise, will reassess if it revisits the 1.47ish area. +33pips.
There are a number of people here who seem to like something they call price action. I never really understood what they exactly mean by price action, but it seems to me that they may refer to price revisiting previous price levels where buyers(sellers) may reside. As an application to e/u this evening, I would think (if my understanding of price action philosophy is correct) that price action bulls may be looking at 1.4658 to 1.4648 area.
e/u at 1.4571. I am tempted to take a try on the long side, especially if it descends closer to 1.4560. Counter trend can be very difficult.
Net: +598pips Cumulative gains: 621pips. Cumulative losses: 23pips Number of trades:21 Number of trades with gain:20 Number of trades with loss: 1