Reply to thread

Message

[QUOTE="Magician, post: 38061, member: 5330"]
GBUS
26th December  15.12

4hr/Trade
Same reasons for this trade as my last one, prc has fallen then again pulled-back, 30ema down and steep, macd still falling and at this angle would expect it to brk water-line (zero-line) and continue to fall,

1hr,  
Prc has brk/closed above the 30sma, also stochastic is still pointing very much upward, macd is curving up as well, doubting myself as I type this, perhaps not a good short, on an up note money-line is still slightly falling,

5min chart
Drummed down to this chart just to chk it out, reason, my entry was crap, possibility of  a bit of divergence prc higher, stochastic ?,  15.23 prc has fallen 14 pips so divergence on the stochastic was confirmed, but I broke the rules a bit here...

Prc down close to support around the 1.6148 + /- if it brks / closes the support (happy days)
my target is around the the 4hr money-line (yellow)

16.00pm
prc has drop, 40pips,

Note
Dly  
30ema beginning to turn, not yet down but it has to start somewhere, divergence with the macd, my belief is that prc is falling, however I would like to see a brk and close below the dly 30ema, to confirm this.

Think I might have to come out of trade due to family responsibilities, I.E. I'm the granddad who gets suckered into being the taxi, but 80 pips  as it pulled back the 1st time, then another 40+ pips on this 2nd pull-back .. closed at 1.6123
[/QUOTE]

Verification