I think I got this...but I'm going against the dollar at low low
Updated
https://www.tradingview.com/x/rilszAoU/
Asia Thursday and very little rest for the wicked. My attempt at doing something for a change different to trading and getting a life, I ended up mowing the back lawn.
Betting here against the USD, I could feel the squeeeze for a bit of love for the EURO.
I like this combo, unlike Gold they don't start betting against you, if you get direction right they may not give it to you straight away, but then ya see your account an hour or 2 later and they liked your work. Well that's what I tell myself. Theres less volume this time of day.
Last night or yesterday daytime NY, as am in Australia, after sqeezing a bit of profit out of those tight-ars*s over at the Gold & Silver show, I went across and took about 5 long positions with the Japanese Indices, they were down about 1.7%, I saw that the chart was good to go long, the rubber-band trade which is my go-to, it was a pleasure to trade with them, I guess I was one of the first to turn the trade around for them and they appreciated that, but it was all the other hands coming in Long after me. I might make a video for a bit of a laugh.
Asia Thursday and very little rest for the wicked. My attempt at doing something for a change different to trading and getting a life, I ended up mowing the back lawn.
Betting here against the USD, I could feel the squeeeze for a bit of love for the EURO.
I like this combo, unlike Gold they don't start betting against you, if you get direction right they may not give it to you straight away, but then ya see your account an hour or 2 later and they liked your work. Well that's what I tell myself. Theres less volume this time of day.
Last night or yesterday daytime NY, as am in Australia, after sqeezing a bit of profit out of those tight-ars*s over at the Gold & Silver show, I went across and took about 5 long positions with the Japanese Indices, they were down about 1.7%, I saw that the chart was good to go long, the rubber-band trade which is my go-to, it was a pleasure to trade with them, I guess I was one of the first to turn the trade around for them and they appreciated that, but it was all the other hands coming in Long after me. I might make a video for a bit of a laugh.
Note
99% of the time I only do this type of reversal trading when the trend is with the trade, 200 ema under price still on a daily chart.Note
JUst got an alert that silver is selling at bottom of rangeOrder cancelled
An unplanned and spare of the moment chase-trade gets little result. I was against the trend in a big way and the EUR shorted against the USD.
But I found out a bit more about why the selling is a bit overextended on this trade. It's a Double top system on the high timeframes right up to the monthly. That's right long corridors of selling usually reserved for big bankers and making their profits. Well price is right at the bottom of this system and about to be sprung back to the Top and long-side, so I left a sample footprint buy trade of a very small unit size so I will ride this puppy back up to the top.
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