Quoting summitfxDislikedSnow anyoneIgnored
Looks wonderful though.
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Quoting summitfxDislikedSnow anyoneIgnored
Quoting monarchDislikedThe price for the hourly shows the low at 1.9449 which is siting on a Fibo 38.2% at 1.9448 this retracement is from the downward movement from 1.9840 to 1.9260.
This retracement level may show support for a continual climb.Ignored
Quoting summitfxDislikedMy Patio -I live at 2 miles above sealevelIgnored
Quoting summitfxDislikedSnow anyoneIgnored
Quoting YupYupDislikedIts beautiful! Are you a skier or snowboarder?Ignored
Quoting monarchDislikedI tested the extremes of this strategy, and stayed within the boundaries set forth before the movement came.
I seen the head fake to start out with and dumped my Shorts that I was in. \
This set me up for the upcoming climb which made some profit.
We then topped out at 1.9484 and I knew Frankfurt would draw us down, so I went with a Short and stayed with it till it hit the 1.9463 mark that was the key to the whole move.
From there, I exited the Short and immediately entered a Long, and stayed in the position even until now.
There was signs of weakness, and there still may be a downward move, but I did not exit because the line was breached at 1.9460, but watched the body and wick to determine if the strategy called for a Long exit and a Short entry.
So far the 5 minute candle did not clear below, and it has not cleared above, but I remain in a Long because all the resistance below was finally cleared, and now the Fibo from this upward move is cleared for a continual rise in price.
Key points to watch still
Top 1.9484
Bottom 1.9460
5 Minute candleIgnored
Quoting sandhockeyDislikedlocked in 1/2 my position from @1.9440. Will let the rest just ride. You guys will make a trader out of me yet.Ignored
Quoting monarchDislikedThe pre Frankfurt open and the Frankfurt hour session before London worked perfectly. All the head fakes, the rise, and the fall in the hour. Then London came aboard and messed it all up.
From my window here, I would say that we are pushing the support 1.9460-63 pretty hard right now, and this may give way since the Longs have tired themselves out this week.
I am prepared to go Short here maybe.Ignored