Nina & Mibl
Two days ago I have asked a question about the useage of max mov average = is it mandatory for them to cross to confirm the trade?
Thanks in advance for a great job!
Today's recap 2:
EURUSD,sell (10:30cet) at 1.2123. Made a low so far at 1.2100. + 23 pips .
USDCHF, buy (09:30cet) at 1.3011. Made a high so far at 1.3049. + 38 pips.
GBPUSD, sell (09:00cet) at 1.7427. Made a low so far at 1.7362. + 65 pips.
TOTAL= + 126 pips.
If you are done for the week, take the day off unless you see a big rush.
I have a little modified one where the lines do not go throught the whole chart.
Short GBP/USD at 1.7415 . +25 right now.
Must be beginner luck or Nina magic.
What is the exit strategy ?
BTW, what do you mean by level 2 trading ?
Close with +21.
We had signal on eurusd
short @1.2123 at 10:30cet - be aware of the fibopivot @1.2117
MAX Moving Average is optional. I recommended them just because I think they give an earlier signal and can keep us out of false trades. When I have clear rules to use them, I'll post what I think.
But, of course, if they do not cross, do not enter.
level 2 is described in first posting in this thread - please read there.
One exit strategy: To get an exit it is useful to scale - so if you reach a target level close f.e. the half or one third of the position and trail stop on entry for the rest and so on
I'm oriented at the fibo-supports/res. and the levels around the ema50
USDCHF has closed at lows. This is not a good sign for the pair, but a retrace is due. While below 1.2990-1.3050 and 1.3080, the pair is set to go south.
Take care and trade what you see.
Just for my ego. Sorry.
Next on USDCHF will be 1.3067 as long it keeps above 1.3028 now.
On EURUSD, 1,2110 is important. While below 1.2175, next should be 1.2065-1.2085.
On cable, while below 1.7410, next should be 1.7370-60 and then 1.7340-1.7305.
Back with EURGBP. I guess that, if you look at EURGBP, you will understand why cable is much more weaker than EURUSD, right?