gspajon
Order Flow Class
Posts: 152
|
Post by gspajon on Dec 31, 2015 17:05:45 GMT
Update on the last day of 2015. The daily chart has balanced over the last four days, producing a clear range on the intraday charts. All that remains to be seen here is which side will be dominant in the new year. As this market is currently balancing at 11 year highs, I am anticipating that sellers of USD will dominate and push prices at least down to the first take profit level near 1.3695. The speed of this last move higher (best seen on the weekly chart) leads me to suspect exhaustion. Any further buying in this market would most likely be early shorts liquidating. My stop is as tight as I can make it while still allowing this trade to play out.
|
|
gspajon
Order Flow Class
Posts: 152
|
Post by gspajon on Jan 4, 2016 14:36:58 GMT
Monitoring a jump higher in this market that threatened my stop overnight. Daily chart is still balanced as of this point, and the balance has now extended to the weekly chart. Holding the position for now, with stop as placed.
|
|
gspajon
Order Flow Class
Posts: 152
|
Post by gspajon on Jan 4, 2016 16:09:23 GMT
USD/CAD...stopped out for a -28 pip loss
|
|