No Long @ 139.65

Posted by Nick 14

I am trying to update trades throughout the week when I can. So here is a trade update…..

I am not taking the 139.65 long, there is no clear momentum and S+R zones are dangerous! If we had a clear break I would enter the trade. However, as I said S+R zones are dangerous and there is little momentum so that = no entry for me.

Will update again if I decide to enter later.

UPDATE: I am in now entry was 139.82 (awful entry) however it build up momentum a little late so it was the best entry I could get.

Wary of the 140.00 psych level.

Target remains the same despite late entry.

UPDATE: CLOSING OUT THIS TRADE! I am a little disappoint the lack of price action at the start gave me a bad entry at 139.82. This meant I only managed to grab 38 pips when I should have had 55 pips. No big deal, profit is profit.

Michelle

Thank you!
Jbell

I entered @ 139.69 and got out at 139.78!
It was just too slow. Could have got more – price is at 139.93 ish now!
At least I made 9 pips better than nothing
stephane

Thanks for the advice. I took this long, it but revised my stop loss after reading your twit. My risk is now smaller.
ED

I just closed my trade in profit for 50 pips. I was watching the 15 min chart and to me this was a good trade.
Adrian

I entered 13920 as I anticipated the breaking of 65
and I am still in. +5500Eur!!!
THANKS NICK!!!!!
U ARE THE BEST!!!!
Adrian

BTW…I am betting on breaking 14065 constant line…..and if it breaks that…there’s another 50 points for grabs…>Right?
JL Trader

There really little momentum for hours, but, Nick, many times the pair gains momentum at the other side of the trigger. I entered at 139.7, sold half of the position at 139.20 for 50 pips profit,and I am still inside with the other half 140.35 at the moment of writing this. The original stop was 40 pips, I raised it under 139.88 (R2).
chris

Thanks, I stayed out because the price movement was too slow. Missed some pips, but there is always another trade.
Cyprusman

Great, I made the same decision to stay out, momentum is just not there this week, took a long on Aud/Usd yesterday, got out positive but evrything is just so slow. Probably have to wait for Easter to pass.
Ran

Can some one help me, how can I get a quick message when Nick update the site. refreshing the web is obviously not a good way…
roseni

Thank you
Ricky

Hmm. Set a pending order to get me in at 139.68. The trade went against me roughly 27 pips, but eventually turned around and hit my target of 50 pips! Did I just get luck then essentially? Momentum is difficult to gauge…
Bruce

Just got the email. long at 139.9++. D1 charts look good to 140.55 or even to 50-141.200…Waning momentum true, but regularly get push of 50-100 pips beyond. We’ll see. Must be patient.
Peter

I got in at exactly 139.82 also and held on for the full 60 pips. It was a little slow so I moved my stop to break even and went to bed.

Thanks Nick. Great stuff as always.