Euraud Bearish Cypher Setup Short

Euro Fx/Australian DollarFXCM

Description

⋅ Dec 28, 2015 8:29 AM

Hey traders! We have a bearish Cypher entry @ 1.51573. Stops should be at 1.52127 and take profit would be at 1.50859.

⋅ Jan 8, 2016 5:57 PM

116+ pips.

Comments

manoj15

⋅ Dec 28, 2015 9:16 AM

TXS SIR I M IN TRADE SOLD 1.5110

Trader-Mick

⋅ Dec 28, 2015 10:53 AM

Good luck!

Alexander_Nikitin

⋅ Dec 28, 2015 12:03 PM

Sell highs, buy lows. It's the only way to make money trading:))

IvanLabrie

⋅ Dec 28, 2015 12:06 PM

There are a myriad of ways...depends on market condition.
Sometimes it's better to buy strength.

Alexander_Nikitin

⋅ Dec 28, 2015 12:35 PM

Yes, Everyone decide for himself what is high and what is low but the fact stays the same: buy lows and sell highs)

IvanLabrie

⋅ Dec 28, 2015 12:35 PM

Haha, that's not too informative. If you mean buy lower than you sell for afterwards...not what I was going for.

Alexander_Nikitin

⋅ Dec 28, 2015 12:37 PM

that was exactly what I meant: sell higher than you've bought))

IvanLabrie

⋅ Dec 28, 2015 12:38 PM

I read it more as a specific type of limit buy as opposed to buying when price is already rallying as in a breakout.

Alexander_Nikitin

⋅ Dec 28, 2015 12:43 PM

buying the breakout is called "stop order")))

IvanLabrie

⋅ Dec 28, 2015 12:54 PM

:p who'd say? haha