Hi, Harold 4x
on your post #2391 you show three diff. Step Ma versions.
What is the input for the middle one, which kept you out of the bad trade?
Just a reminder (posted early this morning. 2482):
EURUSD should not lose 1.1968 on an hourly close. If it does, it could go to 1.1950-40-30-10 and 1.1865 - 1.1817 - 1.1785 and 1.1720.
GBPUSD, while below 1.7424, it is set to go to 1.7310-1.7308-1.7241-1.7180.
USDCHF, while above 1.3077, it is set to go to 1.3196 and 1.3330.
Morning All I Shorted Euro/usd At 2002 All 3 Step In A Line Slow Market So We Will See
I shorted too 2003 - let us both be right
there is an up trend around 1983 that will cause problem there may be only 15 -20 pips to get
That would do nicely Would have preferred it to have closed the hour below 120 though!
what do you mean close the hour below 120
I would have been more confident of a further down move if it had closed on the hourlies below 1.2000 - as u can see, it didn't and we have a small move up. The reverse would most likely have happened had it closed below 1.2000. All in my humble opinion of course.
i see well it has formed a bearish wedge though so it may go up to 2014-2020 before heading down market very slow and its getting late so keep you eyes open and use money management plus 200 ema on 4 hour chart helping to keep price from climbing
Thx Harold. My stop is above pivot which is above daily high (so far).Far enough away I hope to keep me out of trouble