I am waiting on a retest of the 1.6470 level to get long I will be trailing stop on the way up looking to close 1/2 position @ 1.65700 IF price can ralley that high without taking me out
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Trade is now active
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With a H3C of 1.6487 I have rolled stop to 1.6457 reducing initial risk now waiting on a H3C of 1.6500
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Trade closed trading session is over
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SteveNixon
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Looks like a corrective structure getting ready to continue down - be very careful betting against the trend - good luck I hope you get out before it goes
rozela99
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@SteveNixon, Thanks yes I do expect price to fall I am aggressively trailing stop on the way up. :)
SteveNixon
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@rozela99, No problem - I was worried you might not realise the possibility of the short continuing - good luck
@SteveNixon, Woooo thought I was gonna be stopped out for a small loss. I survived by 3pips. Price action trying to scare me out. I dont think so. lets ralley now! lol
@SteveNixon, yep I usually only trade EURUSD on the hourly which can be oring. I started testing this strategy on the 3m and it has proven to treat me well. and I get action.
SteveNixon
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@rozela99, It's a whole different world at that level lol
SteveNixon
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@SteveNixon, I've given you a like for sheer audacity lol