Disliked1. On my charts the open of the day and the high before the news came out are different prices. The difference was not that big but it existed. The market was trading above the open price.
2. The delay was caused by the obvious reason. The market was expecting a news scheduled for a particular time.
3. The change in the direction of the main move of the day just three hours before the end of the day and with 30 pips intraday range plus on a major news release practically guarantees the extension at least into ATR. Like shooting a fish in a barrell.Ignored
First of all I want to say its an absolute pleasure to be able to discuss forex with you. Totally enjoyed Beat the odds
Just a quick question. Im in Australia so please excuse any time differences. The chart below is in GMT time though.
If this is a Box 18.1, am i to say my correct trade would be
Enter short at 1.3381 (somewhere between 6:30-6:45GMT)
Stop and reverse @ say 1.3415
And i thought P1 (30-40 pips) because its against the medium term trend
Is this right?