How wrong I was about no more upside... Good thinking about other important levels nearby. 1.6020 were highs on 24 and 29 Dec. Now short from R1. TWT. Edit...6033 is 50% of the end of Dec up move.

Islander and Medici trade the European open

Done on the upside, I am quite sure. I'd be considering a short back to 5950-60. Edit...just clipped 10+ pips on such a short.

Islander and Medici trade the European open

And don't forget the 5982 level, the 8 July bottom of the range which has been in play ever since.

Islander and Medici trade the European open

It's a fib day — 1.5927 is the 76.4% retracement of the end of Dec up move, and 1.5986 is the 61.8% level.

Islander and Medici trade the European open

Closed at 1.5970. Edit...50% of yesterday's range seems to have stopped the traffic. So better safe than sorry.

Islander and Medici trade the European open

And I am playing the long side. 1.6000 next?

Islander and Medici trade the European open

Then read Jamie Coleman's posts on url and stay away from trading 30min before and after news releases.

Islander and Medici trade the European open

I closed at the top too, but staying away from the short side.

Islander and Medici trade the European open

I use two monitors. Watching too much info makes me lose mental focus, so I've settled for two. News trading is a chapter in itself. Best to stay away unless you know what you are doing. News releases often provide good opportunities for pips, but ...

Islander and Medici trade the European open

You're welcome, and thanks for sharing. 20 pips a day, that's a good conservative target. That way you can make sure you have consistency.

Islander and Medici trade the European open

My pleasure. That was exactly my intention.

Islander and Medici trade the European open

Out with small loss and in again at 5927, that old fib line.

Islander and Medici trade the European open

I'm long too for same reason, but like you said, it's a bit of a lottery, so let's consider NFP morning practice rather than profit sessions. Some people I know have lie-ins on NFP mornings. Maybe the wisest thing to do. Should consider myself lucky ...

Islander and Medici trade the European open

Thanks for chart! Is the ZigZag the reason for entry?

Islander and Medici trade the European open

What I mean by wild is seemingly not having a plan. My trade was based on the fact that it's NFP Friday, so nobody's going to take the market lower prior to NFP release after the down week we've had. In addition, short-term (not compared to us!) ...

Islander and Medici trade the European open

The level is clearly visible on a 5min chart. And for reasons mentioned in my previous post I am not playing the short side at these levels.

Islander and Medici trade the European open

GM, I think there may be a (small) break to the upside. Profit-taking end of week, and pre-NFP caution. Edit...also, there may be sell orders around 5970-6000.

Islander and Medici trade the European open

That's a bit wild...also, remember it's NFP day today.

Islander and Medici trade the European open

GM everyone. Bought cable at 5924 for ~20 quick ones.

Islander and Medici trade the European open

Hi FOURX, happy to see you here. Looking forward to your contributions when you are up for it.

Islander and Medici trade the European open