1.319x seems ultimate resistance..
Sonic
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QuoteDisliked2. The heavy trading was when the market pushed the price back up to previous highs and then coming off those highs. The heavy trading coming off the highs strongly suggests the market pushed the price up for the sole purpose of having a better price altitude to start it's selloff from. That was the Frankfurt gang. Now the London gang seems to want to do the same?
DislikedI understand what your saying when you mean live w/o it. As it always creates conflict with price making trade management very difficult. I feel the same as you.
All of this again will create a bias and any bias according to me is a internal conflict which will make us hard to fight against the market.
A system should be self defined and should not create a bias instead should help us to identify price movements and direction and right money management.
BIAS according to me is a Account BlowerIgnored
DislikedGeez! Do ya have to be so blunt?
(I was guilty of same crime today of trading before LO, and paid for it.)Ignored
Disliked1. Trying to see if I can live w/o it.
2. The heavy trading was when the market pushed the price back up to previous highs and then coming off those highs. The heavy trading coming off the highs strongly suggests the market pushed the price up for the sole purpose of having a better price altitude to start it's selloff from. That was the Frankfurt gang. Now the London gang seems to want to do the same?Ignored
DislikedI'm in on that one also, but not quite as brave as you.
My TP1 is at 1.3204....an apparent support line and also near the lower side of the channel with a slight bullish direction.Ignored
DislikedSL management.
Need more discussion on SL and management of it on this thread. Whipsawing by the market to generate liquidity for it's position building is, in part, designed to hit SLs (but also to trigger "wrong trade" entries into market). Set SLs tight, get taken out. Set SLs real wide to avoid getting hit by whipsaw, and you are gambling on out thinking the market. Get hit with such a wide SL, and that really hurts.
More discussion on this from time-to-time, in real-time based on current market at the time, might...Ignored
DislikedI'm in on that one also, but not quite as brave as you.
My TP1 is at 1.3204....an apparent support line and also near the lower side of the channel with a slight bullish direction.Ignored