Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Marko23
-
Content Count
540 -
Joined
-
Last visited
Everything posted by Marko23
-
EUR/USD support broken, Short, Stop at break/even
-
Could become a EUR/USD double bottom in 1H chart. ADD: the fibs have it in 15m, but price decides everything.
-
Yes, in my future trading I follow 3-day highs and lows and for EU I observe a similar rhythm. Therefore a 123 down after a new 3-day high is a chance for short for me. Yesterday I was a bit cautious.
-
Eur/USD found support at 1.4445. ADD: 1H chart added for support. I'll quit.
-
Re: backtesting. I have to say, I prefer trading.
-
Waiting for Long Setup ADD: Long after pullback ADD: Sold 1/2, moved Stop ADD: 2nd 1/2 sold at break even.
-
A 3-day high was visible.
-
Eur/USD above support zone
-
In any special case nobody can say what will happen next. But the 1-2-3 way or procedure has a good statistical edge. So I trade that way and know that there will be significantly more winners than losers.
-
Congratulations, excellent trade.
-
The smaller degree does not preclude a Short, but a realistic target cannot be the low of today. It develops into a healthy move down.
-
Last move ín EUR/USD as an example
-
And one must compare within the same degree.
-
EUR/USD Short, but correction only. ADD: at support, yesterday's high. Stop at break even. ADD: out at break even.
-
EUR/USD Long hit 2nd target, new 3-day high. Early perception of a chopzone is not easy for me, often I get it wrong like today. ADD: "outer" JHill target reached ADD: C about 200%A
-
Missed that Long continuation with EUR/USD, may have thought too much about a possible chopzone. ADD: 1st target reached. ADD: new 2 day high
-
Switched to Long, may become choppy. ADD: Stop at break even. ADD: Flat, don't want to remain in a chop zone.
-
Support or next entry ADD: next entry ADD: at 1st target
-
2 Short chances with EUR/USD
-
Stopped
-
Stop lowered
-
EU at break even
-
EU still short
-
Target reached, got out too early.
-
Three simple methods to estimate a target ADD: out with +20.
