Update: Has come down nicely, shame I didn't have a roll for the top of the move, it was a very clear play on the strongest trending market there is, I guess one exception could be USD/CAD. Anyway, price has come down and looking for H4 momentum to take it down lower. Still need to manage roll properly regardless, I will learn to be more disciplined this year and make good money doing so. It's better to make $500 than it is to go broke. Could see this making new lows but I decided to go for a TP at the S2 1.1207, Though I do think we'll break down to 1.115 and maybe even new lows. We'll see.Wednesday, January 28, 2015
EUR/USD momentum update
Bearish momentum picking up on H4. Helps to know volume was bearish on this entire up move from 1.2 ish. Need it to get back below pivot and stay there.
Update: Has come down nicely, shame I didn't have a roll for the top of the move, it was a very clear play on the strongest trending market there is, I guess one exception could be USD/CAD. Anyway, price has come down and looking for H4 momentum to take it down lower. Still need to manage roll properly regardless, I will learn to be more disciplined this year and make good money doing so. It's better to make $500 than it is to go broke. Could see this making new lows but I decided to go for a TP at the S2 1.1207, Though I do think we'll break down to 1.115 and maybe even new lows. We'll see.
Update: Has come down nicely, shame I didn't have a roll for the top of the move, it was a very clear play on the strongest trending market there is, I guess one exception could be USD/CAD. Anyway, price has come down and looking for H4 momentum to take it down lower. Still need to manage roll properly regardless, I will learn to be more disciplined this year and make good money doing so. It's better to make $500 than it is to go broke. Could see this making new lows but I decided to go for a TP at the S2 1.1207, Though I do think we'll break down to 1.115 and maybe even new lows. We'll see.
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