Buy above 131.73. Stop loss at 131.33. Take profit at 132.38. Reason for the trading strategy (technically): Price is whipsawing a lot due to volatility. We remain bullish above 131.73 support (Fibonacci extension, horizontal support) for a push up to at least 132.38 resistance (Fibonacci retracement, horizontal overlap resistance, bullish divergence). Stochastic (55,3,1) is seeing nice support above 3.1% and also sees bullish divergence vs price signalling that a bounce is impending.
Trade closed: target reached
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Money in the bag once again! Whoo! It certainly did whipsaw as expected but finally bounced to our profit target ;)
Comment
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Some people have been asking me about private training. You can contact the guru himself on skype at : desmondlzw PM if you need his whatsapp/telegram. He's not cheap though but if you're really serious you can give him a shot.
I agree with your great ideas, please continue. Money management is the responsibility of the followers, keep going.
ChangoMansira
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It may not be fair practice to not disclose that your similar idea of yesterday hit SL. Now you have repeated the same with a little lower SL. I think you will continue to tell to remain bullish with a new SLs until it goes in your direction :-) Until that happens, followers would have lost as much pips as they would gain ultimately :-)
UnknownUnicorn227534
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@ChangoMansira, sir, if you don't like his analysis you can unfollow him. No one can expect the market 100%.
ChangoMansira
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@Trader28482, I have just asked to be fair not 100% successful trades
MEX_Exchange
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@ChangoMansira, dude, please unfollow me lol. I don't need guys like you who can't see the different risk to reward ratios of our trades. And my updated idea clearly stated that price is whipsawing around a lot which is why we still maintain our bullish view but have a wider stop loss. and now price has hit our profit target. You win some you lose some, don't irritate me by placing the expectation on me that I am going to win every single trade.