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Connors replied May 17, 2017I dont know but a new daily high is given for me. Set a pending sell just below the mid of daily R1 and R2 @1.1147
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Connors replied May 17, 2017Good plan, my plan is a little different than yours. Short for a target daily PP -1.1050s and then take a long with a stop below 1.1029.
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Connors replied May 17, 2017This actually feels like August 2015, that move also began from the same spot 1.0924 on the 9th August and finished on the 23rd @1.1710s. Very similar pattern so far..
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Connors replied May 17, 2017Dunno man,prefer to sit on my hands for now, US session may offer some decent trading setups today.
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Connors replied May 17, 2017Hey man, dont please follow me or anyone else blindly. Every trader should have his own way to deal with his trading. I'll be really upset if I cause anyone a loss. I am nowhere near a trading guru, I still have my own challenges and try to improve ...
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Connors replied May 17, 2017I think my short entry @1.1086 is turning into support. Closed for -6 pips, and will wait for US session to seek a short entry.
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Connors replied May 16, 2017I am keeping this one. Don't try this at home tough, I am a man with a plan and a man with a big van.
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Connors replied May 16, 2017Not saying it can't get to 1.1110/1.1150, it certainly can taking into account that it broke 71.4% medium term ret level. However, cup & handle formations happen to be at the bottom of a trend as far as I am aware. Not in the middle of a trend and ...
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Connors replied May 16, 2017This thursday may be another massacre, corporates' call options expiry mostly.
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Connors replied May 16, 2017Short @1.1086, next 4H close will most likely be bearish. In case it can go back below 1.1029, that would be the mother of all reversals.
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Connors replied May 16, 2017Taking a medium term resistance can not/should be taken lightly. For me no rush now with finding the next short setup.
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Connors replied May 16, 2017I am stopped @1.1032, hourly will close above 1.1029 - 71.4% medium term retracement. Sitting on my hands even tough it is tempting to take another shot here @1.1045.
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Connors replied May 16, 2017Unless you understand the mathematical concept behind those, it won't be much help for your trading. Even when you do understand them without any flaws (!), you need to understand price behaviour and price itself in order to benefit from oscillators. ...
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Connors replied May 16, 2017Hey man! As long as there is no hourly close above 1.1029, it has a chance to drop at least to 1.0900 but not looking very good so far I admit. Anyway, stop is in place.
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Connors replied May 16, 2017It is, yesterday's London close is @1.0978, even if it will keep pushing higher it usually revisits the previous day's London close. 1.1029 is 71.4% medium term res, dont think it can be penetrated at this very moment so took the trade.
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Connors replied May 15, 2017By the looks of it yes but expected more from this 4H bar, this can only be considered a tiny retracement. Daily will remain bullish to me unless the close is at/below 1.0959.
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