DislikedIt's as I thought Craig. You have jumped in with both feet from your past experience. If you are serious about learning what we do on here, then stop all trading and go back to the beginning of The Path of Learning and READ and UNDERSTAND.
Once you have read and understood, you will know the answers to your questionsIgnored
I have went back and looked at my entry and studied where i believe i went wrong.
After looking at the PASR we have available to us now my entry is looking quite risky! I could have very easily been stopped out on a test of .7300 as new support. An entry above the BUOB that formed on my feed today looks like a much safer entry now as price was pushed down by the sellers to the .7334 level but could'nt hold and was pushed back up to a strong close when the buyers stepped in at .7300 which is now confirmed support.
Am i getting warmer??