maybe catch a few pips here within the next few hours but I would much prefer going short and waiting for the next fall... follow your TL
Lets do this...
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DislikedWhat I would like to see happen is for it to break teh 8300 area. Here is the reason. If it does it will get most traders panicing to go short off the break of 8300. That is the perfect situation to take a long position and take there money. As we know most breakouts are false breakouts.
I guarantee you one thing. Everyone and the mouse will be wanting to trade to the short side if it breaks this level, and I will be smilin going the other way.Ignored
DislikedI'm also in the market for a short... but I'm gonna try to be patient this time and pick the ideal entry (not that I've ever been good at that sort of thing)Ignored
DislikedI'm also in the market for a short... but I'm gonna try to be patient this time and pick the ideal entry (not that I've ever been good at that sort of thing)Ignored
DislikedThe long signal shown in your chart is not a commitment at this time for me. These trades I consider scalps for 10-15 pips max. It is countertrend at this point in time. Higher channel support still needs to be broken before one can say a fall from the 15 July 08 is now changing direction and longs are the higher probablity trade. I'm not saying don't trade a long now, just have the proper expectations for results. Money management and risk to reward. Good luck trading!Ignored
DislikedThe long signal shown in your chart is not a commitment at this time for me. These trades I consider scalps for 10-15 pips max. It is countertrend at this point in time. Higher channel support still needs to be broken before one can say a fall from the 15 July 08 is now changing direction and longs are the higher probablity trade. I'm not saying don't trade a long now, just have the proper expectations for results. Money management and risk to reward. Good luck trading!Ignored
Dislikedwho knows, where to get weekly and monthly pivot/support and resistance??Ignored
Dislikedyou are a good guy eohater and i respect your opinion, but you are dead wrong with this statement. Look at everytime this week you have a big red candle at the close of the four hour. You could have gone long at least four times this week when the candle closed for more than 60 pips each time.
The 9 am pacific close on four hour was no different this morning. If you took that trade at 8250 or right below you could have had more than 80 pips today trading just that one time. No drawdown to speak of. As you and I have talked about yesterday was no different. You could have bought at the close of the four hour candle at 9 am pacific and had no drawdown.
Almost everytime this week when that four hour candle closes down you could have done that. If you know when is the right time to do it, and what the wrong time to do it is.
Again atleast four times this week you could have traded it to the longside for more than 60 pips with virtually no drawdown. That is the best part you can take the trade and let it run. You don't have to sit in front of your computer all day.Ignored
DislikedThe long signal shown in your chart is not a commitment at this time for me. These trades I consider scalps for 10-15 pips max. It is countertrend at this point in time. Higher channel support still needs to be broken before one can say a fall from the 15 July 08 is now changing direction and longs are the higher probablity trade. I'm not saying don't trade a long now, just have the proper expectations for results. Money management and risk to reward. Good luck trading!Ignored