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Technical probability
Started Aug 2, 2008|Trading Journals|22 replies
I will post my view on pairs i trade for long, medium, and short term. Please take money ...
I will post my view on pairs i trade for long, medium, and short term. Please take money ...
Looks too bullish to short at this time. Could break to the top from here.
- — Adding longs to 1.9900 at this point with stops below the figure. Correlating nicely with Euro.
- — 61Fib retracement on Daily chart falls here, 1.5580-1.5590. Keep this is mind as it would be a perfect place to long. Cheers.
- — Long euro/usd as well, i will buy cable if it falls to 1.9910 with stops at 1.9880
- — 61fib line falls around these levels. If it does go up from here we could test new highs soon. Cheers.
- — Anyone else adding longs around here. Still in bullish state.
- — Weekly divergence still evident. 1.5600 still doable in medium term.
euro — I see some nice support on 4H and daily chart around these levels. I currently hold longs with stops below 1.5610. Top of the channel could create resistance around 1.5800 which is my exit point for the week. Cheers.
- — Small stops/ large targets, as it only takes few trades to maximize profits. Its all about risk:reward and location of stoploss/profit take.