dru_01
Short

EURUSD SHORT - Technical Setups still pointing south!!

FX:EURUSD   Euro Fx/U.S. Dollar
369 1 1
Well EURUSD             is still pushing down and one's own psychology is saying surely it won't go much further. My setups work extremely well on euro             dollar so I'm not going to let my own mind-games get in the way of technical setups that present themselves. See linked idea's below for setup background as I'm only repeating myself with each setup :-). Will halve my position @ TP1 and then out again @ TP2 until a new setup presents itself.

I do expect retraces but since I play the 1:1 game there is plenty of room to move around before it hits target. Unless of course it reverses trend completely.

Still waiting on probability to deal me a dud trade but am still turning over winning trades around the 85% mark so all good!!
dru_01
2 years ago
Well the method is working well as TP2 (100%) has been it and price has stopped. Notice the breather at TP1 level. These are a form of pivots but I don't need previous pivot history to place my own levels - its all done from current price action and is stupidly simple to chart. I love the fact that I can "mostly" ignore fundamental news or sentiment and just trade the technical setup. Even with the threat of various QE outcomes I still had the confidence (85% to be exact) that my targets are destined to complete. No fancy drawing here!!
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