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Pair is out of 800 top bollinger band. It also totally missed it's weekly pivot. It broke 3rd up trend phase. Exhaustion is possible.
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
Manus J. Donahue III
Can you help answer these questions from other members on NexusFi?
I'm sitting in +160 pips of open profit, and cannot change my orders, move stop loss to BE or close it :-) Have to leave it to trading gods :-)
Good luck to you all,
ivan
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
Debating now if I should close the position or not, I'm targeting some more pips.
Let's see....
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
One of the trades I've mentioned last week, but haven't entered is AUDUSD.
Just for the record I'm posting a chart, clear take profit would have been there. Ok, now I already have one AUD long position, so it doesn't matter! But generally, I'm kind a long aud on all pairs. Think it's a strong economy fundamental, but also technical reasons behind are there.
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
Exit the trade + 185 pips. Don't like holding it more then 3 days. It's sitting on 100 SMA now.
EURUSD is @ major monthly resistance line. I've taken some shorts @ 1.4230 but haven't posted charts upfront, so that doesn't count here. My thoughts are building the position and running it till 1.30.
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
Looks like I could squeeze more pips from my EURAUD trade, but thats past now.
My EUR/USD short is going good. Lately, I have been studying harmonics patterns, and I'm seeing a bearish butterfly on the EUR/USD 4h chart. Combined with that monthly resistance downtrend it adds some more certainty for my trade. Only thing that I'm afraid is getting stopped out by a spike.
When it comes to major resistance, there are two types of traders. One take a short position at the resistance point, others have pending buy orders above the resistance, as they want the catch the great momentum on the breakout move. With the price spiking up through the resistance, both traders would be stopped out, and the market will continue it's way....
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
I'm running short EUR/USD, considering to build my position, so all my resources are into that, so I'm not taking new positions so far.
Good luck,
ivan
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
I'm aware of the fact that everybody at this moment is long EUR/USD, and trying to buy on dips, but I cannot resist myself. I'm short bias.
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
Weeee! Have some time for longer term analysis. Posts comming soon! Enjoy your weekends!
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
These positions I intend to be longer term. Generally, these pairs are the extreme in terms of interest rate differentials, and carry most rollover profits.
I've decided to build a position from small to larger one, trading the extremes where rollover and the price (hopefully) go in my favor.
With AUD/CHF I see some resistance too close to my entry price, so I think my choice is going to be AUD/JPY.
This is purely long term channel trading.
The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.
