1. I have never been a fan of bearish or bullish. Read my previous posts.
I am technical guy who trades what I see, not what fundamentals tell me.
FX, Commodities is the place where we can make money in both directions,
will it be bullish or bearish. Single target is to make money.
2. Yesterday some major news made your position right. Look what I made;
I draw fib from recent down move and shorted in 50.00 area. There I made
another 50pips (==5 pips of yours). So I got my another 500USD and exit
to see where current fundamentally based unpredictable, risky up move will go.
It stopped at 61.8 area, 4H 55EMA.
So we can fairly call this up move as retracement of last down move, until it will
make HH.
It is obvious that you target major moves, while I look for moves where it is
less risky to get another 500-1000-5000USD and exit.
I am technical guy who trades what I see, not what fundamentals tell me.
FX, Commodities is the place where we can make money in both directions,
will it be bullish or bearish. Single target is to make money.
2. Yesterday some major news made your position right. Look what I made;
I draw fib from recent down move and shorted in 50.00 area. There I made
another 50pips (==5 pips of yours). So I got my another 500USD and exit
to see where current fundamentally based unpredictable, risky up move will go.
It stopped at 61.8 area, 4H 55EMA.
So we can fairly call this up move as retracement of last down move, until it will
make HH.
It is obvious that you target major moves, while I look for moves where it is
less risky to get another 500-1000-5000USD and exit.
Dislikedso who is right now then samadum ? i told you , gold will go up. but no you guys would not have it. you all wanna go short ! now iam up + 20 pips. the one guy who listened to me, gaiussbalter, made money. now i assume he made around 25 pips. i was also surprised that an experienced trader like 'suntrader' did not see what i was talking about and he had a sell sentiment. kind of makes me worried when experienced traders fail technical analysis and they just dont see the obvious price action right in front of thier eyes. sreym33 how are you ? long...Ignored
