motleifaul
Long

Intact trend

FX:EURUSD   Euro/U.S. Dollar
60 11 2
In this case the panneau is: Buy the dips. We are just witnessing the first one.
Now I am out at around zero as I managed to close the second position with profit.
I consider the operation as finished and it takes another decision until I will enter a new position.
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jangseohee motleifaul
Well done ^_^
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I am long again now.
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I have to admit that I've been stopped out overnight at 1.1489. I am looking for a new, cheaper entry now.
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jangseohee motleifaul
good discipline ^_^
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i would have buy on that hammer highlighted by blue arrow
i wont go in now, too much gyration up there and it is in a state of euphoria
yellow resistance is strong, unless it is broken
snapshot


attached is analysis of my DXY
snapshot
+1 Reply
motleifaul jangseohee
I've been trading this pair with good success this year and have been long several times since your weekly hammer has appeared. If you look at the monthly chart you can see that the uptrend of the Euro is far from beeing completed. But I am looking at the 4 h chart at moment. And there you may even be right. I wouldn't exclude that your DXY chart shows a possible bottom. Nevertheless, I prefer to be with the trend.
+1 Reply
jangseohee motleifaul
well done ^_^
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motleifaul jangseohee
Who knows. The current market situation isn't clear at all. This is true to stocks and currencies as well. Let's see who is right this time. We all trade probabilities only. One of us may be wrong but we may be right both as well depending on the timeframe.
+1 Reply
jangseohee motleifaul
my purpose is NOT to make your wrong nor make me right, no 100%
but i tend to analysis from forest view and zoom in for smaller tf
i am sure you do ^_^
+1 Reply
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