It's interesting to observe how breakout usually happens outside Boilingerband (200 Stage ) on M5 chart
It's interesting to observe how breakout usually happens outside Boilingerband (200 Stage ) on M5 chart
Following German Rulling... that is good news, I'am going
[email protected] [email protected] ( 500 profit)
I hope this trend will continue after FOMC Statement tomorrow...
The motive behind this is price have changed to upper band of Boilinger Band 200 Period... and looking at seasonal price trend, September show significant rise movement
http://www.seasonalcharts.com/img/CURRENCI/EUR_USD.GIF
You caught more pips today. . .bravo2...1.3000 likes to be closest resistant amount to me.
Thanks... however EU move up and down... already wasted some 100 pips...Originally Posted by ;
I don't really great at targeting range price tendency...
Anyway FOMC is only 1 hour ... and my commerce now got out breakeven before london close... volatility is anticipated following the annoucement... but I don't really want to have in yet...
Alhamdulillah... Following FOMC release... the tendency somewhat volatile about 100- range... I did attempt to take a profit but, not quite successfully... because I have to move in and out fast (I only place TP=50pips)... at the point I did'nt read the FOMC keynote, although I am buyer... 2nd attempt long is successfully after I completely grasp the idea that Fed app still have quick positive impact on market... so EU have touch elevated 1.3000... I did'nt place any take profit at 2nd commerce... only using trailing stop 25 pips... and I shut it my self for 66pips. . .after pull back 13pips from 1.3000...
currently 4.8% profit this week
less than 12.5% my target each week...
and still -6.8% reduction to recover...
GOLD is really rocket so does EU
Look at This... Thoughnigeriaforextradingstatistic is not accurate and Dependable enough but with this we can Complete some small idea of provability Involving LONG and SHORT...
Today's...
Buyyers - Winners=232 Looser=141
Sellers -Winners=167 Looser=824
Get the idea? It is trending up man's
SOmetimes we must scaleout our target...
that I'hope EU to grow a bit to over 1.3185 after pullback out of 1.3168... but did'nt happend after london close. . .EU just keep moving below 200% daily Fibo (1.3146)... therefore I decided to make a close call until it get shorted down at 200 Moving Average at M1 Chart... also it'd moving to 176.4% daily fibo (1.3112)... all pair GU,AU,NZ,UC,UJ. . .show some power in USDX for today until close I guess...
Anyway, now profit is good enough. . .Alhamdulillah