where is the next good shorting level? i placed a small one at 1.4250 and another limit entry if we get to 1.43

Jacko's Forex House of Pleasure and Pain

what next? — image currently smack on a rising TL although there is even stronger support around 1.41 area. imo overall trend is still up (at least for now) but we might be in the middle of a major reversal

EURUSD

imo bears need a clean break of 1.4250 to confirm direction but we might see 1.43-1.435 before this happens will be looking to sell rallies

EURUSD

true that, why complicate life playing with crosses when you can have the real deal..

EURUSD

i think it would be a good time for bears to bank some profit especially those who were lucky to get 1.435 travel light at news events

EURUSD

maybe but highly unlikely today

EURUSD

I missed an good entry at 1.4350 because i was greedy and placed one at 1.4360 before taking a nap is (-50) the same as 1.4250? i'm average short at 1.4310

EURUSD

small position=small stress i went small short at 1.43 will add at around 1.4350/70

EURUSD

[quote Also, waiting for cable to bottom out. 1.63 seems it. Time to shoot up![/quote] or maybe its just hanging around support waiting for the nudge that will take it to 1.58

EURUSD

why trade the news when you have a chart?

EURUSD

As long as we are below 1.4350 i will continue selling eu/gu rallies. i suspect eu is consolidating before another plunge south targeting below 1.40 making current levels lucrative for bears in terms of risk/reward. I am almost 10% up this week ...

EURUSD

still stuck between 1.425-1.431 right shoulder seems to be coming along well( at least to me it is )..i favor downside over coming sessions

EURUSD

True that, for example i will only increase my shorts up to 1.4450(the reason for this level is clear on h4) and i never go past 4:1 gearing(100 pips against this max level representing 4% of my account)... Most of the time i am able to take my 1% ...

EURUSD

I enter 2 or 3 times to get my gearing 4:1 max when price is going against me. I try to always take 1% profit off the table, you'd be surprised at how often 1% happens especially when the 4H chart is read correctly

EURUSD

No gambling here mate, I would not have entered short at 1.43 if i had not carefully studied PA..The key here is appreciating that leverage is a double edged sword..Once you take that out by low gearing you greatly increase your survival chances

EURUSD

Here is an example of a very simple one i use Monday bought 1 lot at 1.42 (1:1 stress free gearing) Tuesday price went against me to 1.41..No panic, added another lot to bring price to around 1.415 Wednesday price turned around in my favor and i ...

EURUSD

Already took one short at 1.43 and i actually want it to go a bit higher so i can get better entries..will only consider stops if 1.4450 gives way, so far i am seeing nothing that can create any interest, maybe things will improve after ...

EURUSD

1 eu Short triggered 1.43 2 gu shorts triggered at 1.66 and 1.665 (1.6625 average) other limit entries at 1.435 and 1.44 for maximum 4:1 gearing Seeing limited upside potential which might extend into several sessions before down below 1.40 stop ...

EURUSD

if it is a H&S formation price might oscillate/range at current levels for a few days before it turns down all the way to the neckline at 1.40 and beyond towards 1.38 I am done for the week but i have placed pending sell limit entries at 50 pip ...

EURUSD

H&S?? — could we be in the middle of forming the right shoulder. I will be looking to sell at 1.43-44 image

EURUSD