Tuesday, April 24, 2018

Equilibrium of 0.757 today?

I set a couple of alerts so that I can chart the movement. 5/10/15 pips above and below the current price. Every time an alert gets triggered, I'll set a new alert accordingly.

So starting at 0.7585, I got triggered at 0.759, then again at 0.7585, suggesting a potential equilibrium. So now I'll wait for another trigger at 0.759, then observe to enter long for 5 pips, trading in the direction of the overall trend.

However, the rest of the day saw a steady drop to 0.7565. But I've finally seen a re-testing of an potential equilibrium, where it went from 0.757 to 0.7565, back up to 0.7575, then down again to 0.757. So I'll now wait for it to pass 0.7575, then put an order 5 pips long at 0.7575, waiting for it to drop back down to 0.757. Trade safe!

Yours,

X

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