Dear DT (DiaryTrading) readers -
This time my title is stairway to resistance line, why I choose that title? hmm you should stay to read my story.
Okay today I'll see GBP/USD chart.
I open my metatrader 4 software then, hola
I see that bollinger band has open wide, but it's late to take an action hehe. Actually maybe it's not late but I suggest for who love safer, I need a better moment to open new.
Next see the alligator it's still in down trend, but why the candlestick still goes up?
Okay let's see carefully in alligator line. If you forget about alligator you can read my weekend lesson, check the details here.
I see the alligator green lines is moving up, then the candlesticks have been breaks 50 & 38.2 fibonacci too with showing a pattern like a stairs then it moves (hope) will break next fibonacci line and brak the first resistance then the 0 fibonacci. So it's why I choose the title stairway to resistance line.
For the movement today, it showing red, but don't worry maybe it's only for a while. As I said before. (I hope I'm right). But there's a problem, when candlestick break the next fibonacci line, it's mean the candlestick is in pshycological zone which is can bounce back or break the 0 fibonaci.
Actually I want to open new position in next day (monday) but I'm afraid. I think I better open new when the candlestick trend is really change (means break the fibonacci 0).
It's for me.. If it's for you, I suggest better you chose which way you should take. Because every trader have a different taste when trading.
See you next post.
This time my title is stairway to resistance line, why I choose that title? hmm you should stay to read my story.
Okay today I'll see GBP/USD chart.
I open my metatrader 4 software then, hola
I see that bollinger band has open wide, but it's late to take an action hehe. Actually maybe it's not late but I suggest for who love safer, I need a better moment to open new.
Next see the alligator it's still in down trend, but why the candlestick still goes up?
Okay let's see carefully in alligator line. If you forget about alligator you can read my weekend lesson, check the details here.
I see the alligator green lines is moving up, then the candlesticks have been breaks 50 & 38.2 fibonacci too with showing a pattern like a stairs then it moves (hope) will break next fibonacci line and brak the first resistance then the 0 fibonacci. So it's why I choose the title stairway to resistance line.
For the movement today, it showing red, but don't worry maybe it's only for a while. As I said before. (I hope I'm right). But there's a problem, when candlestick break the next fibonacci line, it's mean the candlestick is in pshycological zone which is can bounce back or break the 0 fibonaci.
Actually I want to open new position in next day (monday) but I'm afraid. I think I better open new when the candlestick trend is really change (means break the fibonacci 0).
It's for me.. If it's for you, I suggest better you chose which way you should take. Because every trader have a different taste when trading.
See you next post.
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