Just a special thank you to Ash for creating this forum and for trying to altruistically help the average forex trader. I have been a trader for over six years now and it took me a while to understand price action and how it is really the only indicator you can rely on consistently. Usually daily I post my calls on Google groups under "Profitable Forex Calls and Information". From time to time I will post some "good" trades right here. Here's one.
Buy the EURO/GBP at market right now at market 0.9018-24. Look for a profit of 0.9125. Put your own stop losses in place as I don't use them. I use margin intelligently and never use more than 3% on any trade. On this trade I recommend 1%. Buy again at 1.0860 if you care to if it falls to that level using 1% margin. Cheers.
are you looking at a daily chart? price went from 0.9026 at 18:45 down to a low of 0.8979 at 22:00. thats 47 pips. on the 15 minute chart a railroad track set up was in play. how did you come to think price was going to go up?
The thing is, if one was going for a TP of around the 0.91 area, then it would have been wise to take some of the profits around the 38.2 Fib line, as you can see it bounced right off it.
The thing is, if one was going for a TP of around the 0.91 area, then it would have been wise to take some of the profits around the 38.2 Fib line, as you can see it bounced right off it.
wooa, and not just once, but THREE times!
and by the way thanks for the forum ash, hope to learn from you and others!
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