USD index

Discussion in 'Forex' started by Piptaker, Jul 22, 2016.

  1. Piptaker

    Piptaker

    Yep your right, i don't trade with an opinion because that will just keep you holding on to bad positions and your just guessing , I trade specific set ups with an expectation which is extremely important and so the direction actually doesn't matter , I'll try and explain it better in this euro chart to follow
     
    #191     Aug 20, 2016
  2. Cswim63

    Cswim63

    What happens usually is I notice the weakness or strength then I wait for one of my patterns. Simplest one is flag. There's cup with handle, ascending triangle, and 123 on a flat top . Reverse obviously works on them as well.
     
    #192     Aug 20, 2016
    Piptaker likes this.
  3. Piptaker

    Piptaker

    spot on, you have to have a handle on the order flow
     
    #193     Aug 20, 2016
  4. Piptaker

    Piptaker

    euusdweekly,.jpg
     
    #194     Aug 20, 2016
  5. Cswim63

    Cswim63

    Yes
     
    #195     Aug 20, 2016
  6. Cswim63

    Cswim63

    Possible 123 setup in the Aussie short at .76 if it gets back there. I probably won't take it this session. Maybe London.
     
    #196     Aug 21, 2016
  7. Piptaker

    Piptaker

    No trades from me this session either
     
    #197     Aug 21, 2016
  8. Cswim63

    Cswim63

    Just watching them fall. Third low broken in Aussie. Gold had a nice fall. I'd sell a retracement back towards 1340.
     
    #198     Aug 21, 2016
  9. Piptaker

    Piptaker

    yes gold's into quite a bit of structure now on the 1hr which it might have a hard time getting through
     
    #199     Aug 21, 2016
  10. Cswim63

    Cswim63

    Long USD/JPY at .61. Small size
     
    #200     Aug 21, 2016