The target as I mentioned from the start is decided by the line or your SL. 50% is quite often a good target to assume but some times the retrace only goes 30%. Then we get what is happening now on EU, AU, NU & gold. Only the line can tell you when ...

SAFE - KISS

Yes there is major past resistance there but I was refering to the recent tops on the Daily over the past 3 weeks.

SAFE - KISS

Normally yes but I smell a huge bull trap. I would not be making that decision today.

SAFE - KISS

Overall money management is entirely up to the individual. Everyone has their own MM so each to his/her own.

SAFE - KISS

One would be foolish to go long today. Super strong resistance. Even a candle over the line would still have me waiting to see Monday's action. Safety first always.

SAFE - KISS

Very strong resistance there for sure. I traded the retrace on the 4H But I would not be going long again until the high at is broken & confirmed. I do not expect to see this. Waiting now to add shorts. Probably tomorrow. We need to see price ...

SAFE - KISS

Perfect

SAFE - KISS

Yes you are on the right track & going well.

SAFE - KISS

If I were a bull I would not be exited

EURUSD only

If I were a bull I would not be exited

Cesarnc's market talk, gossips, rumours & fun

Very good

SAFE - KISS

You should read my posts from post 203 about trading or hedging pull-backs on the 4H

SAFE - KISS

No. That will not happen unless price continues to higher highs. Hopefully not. Note the bounce came exactly where it should have albeit higher than I would have liked. We are now waiting to add on to shorts if price comes down & continues down.

SAFE - KISS

Either way price should move at least 50% back on yesterdays spikes to bring those trades to at least BE.

SAFE - KISS

Some of you will be wishing you had not hung on to your original trades. That is something there is no real answer for. The present price action tells us 2 things. 1. Big mistake & the so called trend was just a retrace of the previous trend. 2. The ...

SAFE - KISS

Never be too eager to move your SL. That was a very minor wave which I ignored to my benefit.

SAFE - KISS

Yes that's about how I trade some pull-backs. But only if I suspect the pull-back will me substantial like we have now. I usually place 2 trades so that if I have been caught (as I was with AU) placing an add on trade to the trend too late, the 2 ...

SAFE - KISS

Price is now telling you the answer to that question.

SAFE - KISS

Ahh the joys of playing the lower time frames. I guess you got stopped out. If you had played by the rules on 4H or Daily you would now be in DD but not stopped out.

SAFE - KISS

Well done Once price moves below the current low at 147.90 you could move your SL to BE safely.

SAFE - KISS