Im waiting for a support or resistance level to be tested before any entry is considered at this point, My normal activity at the open of the week is to simply watch the action...does price have the same sentinment as last week. The open candle for sunday is somewhat deceptive since there was action before it but its nothing to interfere with technicals like fibs. So far the move ..looks to continue down, and if a rally materialized as the london session gets kicked off I would look to sell the rally on a failure of a resistance test, A scalp on a long position as each resistance level is tested and broken.
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- Jan 6, 2008 6:29pm Jan 6, 2008 6:29pm
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- Jan 7, 2008 5:12pm Jan 7, 2008 5:12pm
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"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
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- Jan 7, 2008 5:16pm Jan 7, 2008 5:16pm
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- Jan 7, 2008 5:25pm Jan 7, 2008 5:25pm
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"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
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- Jan 7, 2008 5:30pm Jan 7, 2008 5:30pm
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- Jan 7, 2008 5:44pm Jan 7, 2008 5:44pm
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