Open trading account 
Bang bang, I hit the ground Bang bang, that awful sound Bang bang ... :'(
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on 10Jan
The previous USD/SEK setup i posted is still valid:
- Long Term: The pair USD/SEK is ranging on all major timeframes. We have a Long Term sideways movement since the low of April 2011 with top at June 2012 high.
- Medium Term: Also ranging. We are in a sideways movement since the low of February 2013 with top at July 2013
- Short term: Since November 2013 high, we can see a downtrenf on this timeframe. The current low of this trend is at the support zone 6,40. Maybe this trend is over, will see if price goes at least to the previous swing high of this trend at 6,60-6.62 area
yesterday I closed my long position because I expected some USD short-term correction.
In fact today its correcting and USD/SEK price is already on short-term support area, and now maybe forming a short-term inverse head and shoulders which needs confirmation. I re-entered, a little early because now I'm negative, will see what happens next week :|
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So, overnight market stopped me out. That's what happens when I dont wait for the price reaction on the support area, ie, when I go into a position too early just because I believe the price will react, not because I'm seeing it react.
I cant forget this, gonna read this post thousand times!
____________________________
on 10Jan
The previous USD/SEK setup i posted is still valid:
- Long Term: The pair USD/SEK is ranging on all major timeframes. We have a Long Term sideways movement since the low of April 2011 with top at June 2012 high.
- Medium Term: Also ranging. We are in a sideways movement since the low of February 2013 with top at July 2013
- Short term: Since November 2013 high, we can see a downtrenf on this timeframe. The current low of this trend is at the support zone 6,40. Maybe this trend is over, will see if price goes at least to the previous swing high of this trend at 6,60-6.62 area
yesterday I closed my long position because I expected some USD short-term correction.
In fact today its correcting and USD/SEK price is already on short-term support area, and now maybe forming a short-term inverse head and shoulders which needs confirmation. I re-entered, a little early because now I'm negative, will see what happens next week :|
____________________________
So, overnight market stopped me out. That's what happens when I dont wait for the price reaction on the support area, ie, when I go into a position too early just because I believe the price will react, not because I'm seeing it react.
I cant forget this, gonna read this post thousand times!
