DislikedGM - thank you Zohaid, JRissa, DimitryFX and Catcher777 for your input on the Three Dragons, which remains work in progress for the Experienced Trader. Yes, on my 1 min charts I use the 120EMA as a proxy for the 5m Dragon because its faster and gives me better entries for my objective trades, when used in conjunction with SonicR PVA tick volume around "a level" Before FO I bought 1 unit in UJ after tdays S1 at 99.69 held yet again.... Edit: closed for a wash after I reviewed the PA - 76 minutes of sidways action FAILING to move up - get out!Ignored
Interesting your take on UJ. Looking at PVSRA and good old volume analysis on higher timeframe I had it firmly in the selling drawer. I understand the double bounce on S1 but had assumed games before LO. As it turned out a failed attempt at a drop. I shorted EJ and UJ, not closing on the nice SRB at the bottom as I hoped for more (again must pay attention!). Closed for a couple of pips on each.
Evidence of down move required to resume shorting.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer