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I’ve just entered the GBPUSD short trade on a close below the area of indecision. SL @ 1.51, PT @ 1.5025
This could also be the slingshot action its been using to go long, so I’ll be willing to get out on a close back inside the box instead of waiting for the Stop Loss.
Do you think this is the beginning of the small correction or is it ready to pop up?
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
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It’s a dud, lol!? ;p
I’m still in this one, also short, following a harmonic pattern. Looking for a big move to sub 1.49s, not likely to hatch till early next week probably. Relaxed, at breakeven, letting it ride.
You must be out Triff, with the movement back inside the box… is your sentiment still the same on this one? Lots of consolidation now…
Yeah, it hit my stop loss, I’m out of this trade. Bummer.
A real ‘blah’ week of trading and the market didn’t stabilize at all. Next week should be good though…Easter and NFP will both be over.
Cool.