tntsunrise
Long

EURUSD BOTTOM ENTRY

FX:EURUSD   Euro Fx/U.S. Dollar
230 12 16
HEY GUYS. I AM BACK FROM HOLIDAY.

LONG AT 1.3395 THE 0.618 RETRACE AFTER THE
DOULBE BOTTOM IS BUILT.
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nice.
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wheres your stop?
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BELOW 3365 , 19 PIPS MAYBE
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exact.., I see the same thing pop up on my screen...and I suppose your target would scale up t over 1.3480 peak.....
but Just curious,


from a day trading perspective:

isn't it to much to ask for a possible 85 pips range overnight? aren't the odds that you might not succeed to reach the full target kind of against you?
even if we might be positive... isn't it better to just take what is more likely, or perhaps what has high odds of happening? ( like betting that the daily range will have a minimum of 30 pips, today what ever the target?)

When I see a nice pattern like this,.,,.I tend to think too far away...and kind of mess up when in performance. Isn't better to maybe break down this 85 pips range, in perhaps 2 potential trades? And actually lock up gains along the way..? As this move could happen but in a matter of 2 or 3 days....?

I like your style of trading, Thanks for sharing!





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thanks for your comment. the reason i put my target there is based on the structure.
and from a daily chart we can see a potential cypher complete at 1.3840 , So i am quite comfortable to aim for a higher target.
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EURUSD BIG CYPHER

look at the daily chart and this small time frame set up may give us a perfect point to enter for this big cypher's CD leg
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zzfx tntsunrise
just playing devils advocate....isn't structure down as we speak?...4 hour structure bearish...daily structure down...even weekly... ... isn't this kind of bottom fishing... trying to guess...the low...?

What scale ...move amplitude in terms of price would justify implying The bottom?
80 pips to call a multi day reversal?
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zzfx zzfx
or your betting on the odds that harmonics will show true?
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could be. I will long. coz the risk is small, reward is big
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zzfx tntsunrise
makes sense. And that is what really matters. the sequential results of taking distinguished high RR ratio trades and how they pile up. Patterns will show true or false.,,and even close calls... but numbers wont lie.

I think the same way. ready to completely change my mind once the signal goes off! like pavlov
cool stuff thanks!
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you are welcome :) good luck!
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it is not betting. but just to open the position at a very good risk/reward point. if the bearish continue, stopped me out. i will take it and find anouther trade.
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