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Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
Posts: 106 since Jul 2012
Thanks Given: 108
Thanks Received: 126
it does a little now you're mentioning it. you're welcome, I generally look at most majors, I'm not to fussed which is going to move and when as long as I can take some pips out of it.
This is business, we need to make pips. pips equal profit.
beng referencing good support area, i agree with him. we could see sharp buying here as well if the pattern breaks to the downside - look out for a quick bite back, so good stops and no worries, light a candle and enjoy the day.
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
Posts: 106 since Jul 2012
Thanks Given: 108
Thanks Received: 126
so when trading the FB, you wouldnt trade straight off the bottom of the lowest point, but you'll give it a few more to make sure it breaks through that area properly??
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
Posts: 106 since Jul 2012
Thanks Given: 108
Thanks Received: 126
thanks for the info. I'm sure that will be of help when trading.
it seems very quiet this afternoon, probs all them traders that are on holiday. since US session started it's been sitting still which is very unusual for forex
the 97.50 is that based upon the daily pivot point?
97.50 is on top of the breakout of the previous extended range on the swissy. And we have the green dottedn line which is the prior day's high. Also I like the support underneath consisting of the red and yellow dotted lines which are prior days open and close. the 50 level is a strong psychological level that tends to hold alot of orders. In this case im watching at as support for the longs.
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
Posts: 106 since Jul 2012
Thanks Given: 108
Thanks Received: 126
So you wouldnt trade that congestion short till 97.50, you would wait for that point to reach and then go long. or just go long it it breaks about the congestion.