Disliked...dude. the rules of this thread is to post reasoning along with your actions. aka you need to explain. not being a boss here while x is gone, but just post some reasonable explanation. maybe a chart.Ignored
hi
there are various reasons, i cannot state all of them. mainly my charts are telling me to buy to be honest. (but charts can sometimes be wrong !).
i think some of the reasons are quite obvious to all. i.e. major support hit, market has moved so many pips down has to recover some of it. but the main key to go long was that a significant trend line was hit (on my chart), and price bounced of it to the upside. that is a very strong signal for me. to go long.
now, if the price subsequently cuts below the trendline and goes down, then i will have to reverse to a short. this trend line is massive for me, very powerful indeed.
i have staked slightly more than double the usual amount on this trade. so that i can recover my earlier losses quickly. it is already at + 10 pips up i think. i just need 5 more pips then i would have recovered the losses i had made earlier, and made a few pips on top as well. fingers crossed.
iam off now.
sorry, but i cannot load charts on this laptop.
good luck to all....