You still watching EU? I've removed my order and going to see what it does when it retraces. That accumulation was definitely interesting but I didn't expect it to linger around the 200ma for so long. I'm not sure whether it'll retrace or just completely break down lower. We've already made a new low on the daily (second chart), so I'd rather not have a limit order in place in case it results in a full loss.
Also, update for you on going intraday. Not good so far. Set up a 10k demo account to test it and currently down 3.4%. Turns out my strategy isn't as easily scalable as I had thought. Going to tweak it a little and only trade in the direction of my weekly bias. I've found on the 5 and 15min charts I can't nail the reversal entries like I can on 1 and 4hr charts.
Last edited by fxghost:
Grammar - meant to read: "Can't nail the reversal..."19/02/19
