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EU hit the 261.2 fib extension I show on the daily chart. I don't think that going to turn it. It's a breakout! Where does it all end? Seriously though I had to move cash from my secondary account to my primary account to reduce the risk in my primary account. USD/DKK is close to hitting a weekly FE 300 level I have on that chart but I'm just not convinced that's going to give the bounce I've been waiting for. It's almost 5000 pips below to the ascending weekly channel lower line on USD/DKK and that may be where it's headed, but I could use a nice little bounce before it gets there.
I hope I don't have to pull and transfer money from my bank account to my fx account at some point to survive my U/DKK shorts Heavy. I'm determined to not only survive but come out ahead in the end, but I really expected a daily bounce already on this long wave 3 down on the weekly U/DKK so I'm pretty frustrated over my lack of gains here.
Honestly Heavy, that's why I'm trying to put together an EA that bases the trade on an ema or smoothed ma crossover of another ma, and since there's a lot less false crossovers going from a very fast ema lines over very slow ema lines then two ema lines that are closer in bar length, I'm wanting to use the 6 or so ema fast line and the far slower 400 ema line crossovers to base my trades. Of course there's still periods where both lines will cross over numerous times before the final breakout begins, which is where the larger gains are netted, but it's a matter of the true breakout crossovers beating out the false breakout crossovers in pips and percentages. Still working on the false crossover thing.
Near term, I'm setting up a limit buy order on EZ at 1.5785 as a flipper while I hold the longer term position.