NAME 10 FX PAIRS...

diver993 wrote: KI,

Might be time to close the EUR/JPY as its just about hitting the long-term trend line going back to 2009 and there's bearish divergence on the RSI??

screencast.com/t/GK4adIEieLW

Just MHO

Great call mate. 30 points in profit so now its a free trade.
If that level does break then this can fly higher. So this worked great on a first touch basis trade.

Thanks diver

Mike-in-Paris wrote: Have any of the pairs hit the SL by the way or are they all still in play ?

No Mike, all 10 pairs are in play. KI.

Have any of the pairs hit the SL by the way or are they all still in play ?

KI wrote: Thats the 1000 hit, in less than 3.5 days trading. KI.

clip2net.com/s/2wSmy

I have got to say this is a quality real time trade from KI.
Looking forward to next weeks?

RMc

diver993 wrote: KI,

Might be time to close the EUR/JPY as its just about hitting the long-term trend line going back to 2009 and there's bearish divergence on the RSI??

screencast.com/t/GK4adIEieLW

Just MHO

Morning diver. Have had a look at what you are saying and it could be a good call. Ther should be no rush to get out until we see a signal on the 4 hour, maybe a rejection pin or a fakey. You will see on my chart (4 hour) that the long term resistance line has been pierced, so we are looking also at a close above this on the 4 hour. You will also note that the 23.6 is fast approaching on the bear fibbo.

I would hold any long positions till at least the 23.6, but at the same time monitoring this pair for a close below the resisstance on the daily. KI.

clip2net.com/s/2wSAO

Ki,
On your trading plan for this, are you completely hands off, or do you come back to a pair to move a SL to break even.... (for me that is too tempting to resist doing) or even having a TP if you are approaching a major resistance.
And you close everything Friday evening regardless ?
thanks
Mike