More people in the country than there are houses. Sweden is not really socialist but they really on an inevitable course to self destruction. Not going to go into too much details.
Good entry to short this failing currency. I think this is my best currency this year. I have good hopes.
1/3 or more of my good trades I had to enter on friday afternoon -.- So I don't even care anymore (also I have account protection and guarenteed stops).
Trade active
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Just need to save the 1 minute chart. Some struggling institutional investor sold at the very last minute friday to scare people or something and then it gapped up. Or maybe he just wanted to see the price go up and waited until the last minute then gave up. Or maybe he didn't want to cause a reaction or something. Anyway it's anoying, why do the things I buy and sell always have some last second sellers and buyers?
FED and ECB meeting this week on the usual days. I hope monday morning price starts moving and the SEK makes a good old gap & crap.
I want a good present from christmas from the market.
Time for a nice rally come on. Willing to stay in as long as there isn't too much of a pullback like in the past rallies I underlined:
The RSI is bouncing between 35 and 75 so maybe it has some kind of value here. Could stay in with a wide stop until it gets to ~75 and then have a tighter stop.
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Mooooning.
Comparing to previous moons
I want a serious reversal and then start trailign with MA's.
The price is barely at 2R now, I'm not even moving my stop loss until it gets higher.
Good trade, how you have guaranteed stop loss are you using option?
MrRenev
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@YoussefMehni, Didn't even use a guarenteed stop on this one. There's options but also some brokers have guarenteed stops (sometimes "guarenteed" doesn't work in "force majeure" cases). IG says they have guarenteed stops no matter what, and they force those on retail traders now, at least in europe.