FX:EURUSD   Euro Fx/U.S. Dollar
180 13 0
Bottom building phse has begun.
What makes you say that?
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motleifaul 99nines
It is very simple. For 4 hours we didn't get a new low. Thus I assume that short term bears are reluctant to take new positions. Vice versa - as the rate doesn't fall- they will likely cover soon. You could also draw a triangle - if this will be once broken we may see even 40 bp up.
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99nines motleifaul
yea, I try to avoid taking positions going the other way until a get a confirmation of a new trend.. for me it's when price goes the opposite direction and crosses, what I call a phi 1x1. At that point price has committed to a new direction and chances of a good trade are very high. To me EU has just started selling from the 1.39 high
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motleifaul 99nines
You are right. Usually I don't trade without clearer confirmation. Yesterday I was a bit keen to do something. One shouldn't. Anyway, the deal ended just now for me as I had closed half of the position only yesterday to reduce the risk. The second half I closed just now, so that I got out at zero finally.
phi 1x1 sounds esoteric.
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I am closing this position with a loss of 14 bp now. This was a failed decision as we were still in an uninterrupted downmove and I had assumed a halt of it but had no proof.
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short !
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Thank you for your valuable comment.
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vaicru PRO motleifaul
You can ask when you need
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No, thank you. Nobody loves you.
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vaicru PRO motleifaul
but I love you all
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sometimes it needs just a bit more time... its a good chart interpretation also about the 40 up, perfect
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motleifaul butterliesel
Danke Dir! Aber ohne Stopp geht es auch nicht. Insofern bin ich froh, dass ich ohne Verlust raus bin. Ueblicherweise handele ich die halbe Stunde gar nicht. Ich war einfach nur ein bisschen zappelig den Abend.
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butterliesel motleifaul
i know this issue... ;-) bin auch immer mal wieder ein wenig zu schnell im markt und der wirkliche move kommt dann etwas im nachhinein....
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