See the related ideas for my analysis of this pair, which demonstrate the power and surgical precision of the Time at Mode methodology I learned from Tim West here.
In this juncture, the weekly chart is offering a potential retracement entry, in case we were to see such an event, which would guarantee a 9.54:1 trade op.
In case price were to continue straight down, I'd be looking for alternative ways of joining the decline, perhaps having to resort to lower timeframe entries for instance.
For information on managing positions, and getting trade signals and coaching, contact me or Nicholas Coulby (ncoulb1) here. We're running a trading room Skype group for Forex, CFD, Metals, Energy or Stock traders.
Cheers,
Ivan Labrie
Time at Mode FX
In this juncture, the weekly chart is offering a potential retracement entry, in case we were to see such an event, which would guarantee a 9.54:1 trade op.
In case price were to continue straight down, I'd be looking for alternative ways of joining the decline, perhaps having to resort to lower timeframe entries for instance.
For information on managing positions, and getting trade signals and coaching, contact me or Nicholas Coulby (ncoulb1) here. We're running a trading room Skype group for Forex, CFD, Metals, Energy or Stock traders.
Cheers,
Ivan Labrie
Time at Mode FX
Comment:
Forecast working great.
Comment:
Still, on track.
Trade closed manually:
Might be time to bail.
Trade active:
We might be able to reshort here.
Comment:
Comment:
Trucking nicely.
Trucking nicely.
Comment:
Nice short for now but be careful, trail stops down to protect profits.
Comment:
It's a good time to book profits, but keep trailing the stop loss.
Trail stop to: 2.1319
Trail stop to: 2.1319
Comment:
Trail stop to 2.0888
Trade closed: stop reached:
Trailed in profit at 2.0888.
Comment:
1.43R trade...for that last bit.
