After having a 2nd look, the above is my favorite among the 3 mentioned in the previous post.
The main reason is because the candle is larger, compared to the surrounding candles.
The tail is very obvious.
However, it is a smaller boy, compared to the bullish pin on 19 Sep.
Therefore, I am still having 2nd thoughts.
Wednesday, September 24, 2014
1034 - choices of the day
Only one valley.
Would be better if price was rejected more times in the past.
But nevertheless, the bear run seems to dry up there around 2 occasions.
Only 1 peak, would be better if more price were rejected before.
The pin qualifies, as the tail seems more than 3/4, barely.
The previous currency seems to be a better trade.
As the tail is longer, and also previous price rejection also had a longer pin.
The one is better than the previous 2, in terms of the zone being more obvious.
Price was rejected for around 4 occasions.
However, the pin is not as sexy as the first 1.
A bit short for my liking.
It will be best if it seems to pierce through the skies.
None of the 3 trades are very tempting to me...
But I will take more looks at them.
Tuesday, September 23, 2014
1055 - many bad results
Top is about to fail trade.
Bottom already closed out.
The string of bad results really all come at once.
On a positive note, I still have 1k.
Hope my trading journey has a light at the end of the tunnel.
1303 - wasted no time
Was quick to place the above trade, as it was rising.
Pretty obvious resistance at 96.5.
A nice pin pierced it, and was rejected strongly, forming a long tail and small head.
Monday, September 22, 2014
1270 - 2 pins
There are 2 pins, price rejected twice.
But the problem is 0.632 is not really a strong support zone.
The stronger support zone is 0.630.
But the problem is 0.632 is not really a strong support zone.
The stronger support zone is 0.630.
1273 - AUD/GBP entered
A follow-up from the previous post, the below is the choice.
Thanks for me talking to myself on this blog.
2 Stop loss, 1 limit stop.
The limit stop is placed just before the resistance zone, and before the 0.xx00 decimal.
Thanks for me talking to myself on this blog.
2 Stop loss, 1 limit stop.
The limit stop is placed just before the resistance zone, and before the 0.xx00 decimal.
1290 - seems like many choices
Seems like many opportunities today with Daily charts.
But maybe one or two seems relevant to me.
A nice pin.
But the support is quite recent, as in support does not show up on the left of the chart.
And the pin is a little over the support zone.
Think this is my favorite.
Many times, the price bounced away from the support.
Nice obvious pin, strong rejection of the price going down more.
However, currently it is dipping. But good thing is that the stop loss is cheaper.
Nice long pin.
However, like the first chart, the resistance zone is quite recent.
And the is only one peak, instead of the previous chart, which bounced off the zone 3 times, or 4.
But maybe one or two seems relevant to me.
A nice pin.
But the support is quite recent, as in support does not show up on the left of the chart.
And the pin is a little over the support zone.
Think this is my favorite.
Many times, the price bounced away from the support.
Nice obvious pin, strong rejection of the price going down more.
However, currently it is dipping. But good thing is that the stop loss is cheaper.
Nice long pin.
However, like the first chart, the resistance zone is quite recent.
And the is only one peak, instead of the previous chart, which bounced off the zone 3 times, or 4.
This one should be my least favorite.
Although there is a pin, it is still a bit higher than the support zone.
The price is only tested when it enters into the zone.
It is a bit outside the zone, not reaching it yet.
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