Disliked.... This is why I took a SHORT from here. I am hearing SHORT and MID term outlook is Strong SELL this is why I did. I should have waited to see if PA would take it to .097x handle. ...!Ignored
We waited 3 weeks for this short term swing to pan out what makes you think that 20 minutes into the trade we should reverse into the opposite side !!!!....when the whole world markets are getting hammered into the direction of the trade??? ... BTW as i mentioned many many time here SHORT TERM MEANS (DAYS to WEEKS !!!!)
Second point, why do you want to blindly reverse into a TARGET level!!!. A TARGET is JUST A TARGET ...dont make the very common mistake in these board of trying to trade every wave up and down to the tick.... The trade was long 1.061x -> 1.076x ->ext 1.097x ... not short 1.076x !!!! ... Smart money take profit on targets and sit tight to see how it pans out and manage risk ...only suckers blindly fade a target especially with such force and supported with FA...
Point being ...if you plan long 1.061x -> etc you LONG and MANAGE the trade accordingly .... don't outguess the next move before the current is over !!!! as you will be always missing the meat of the current moves ...
Third and more Technically , 1.097x (and 1.073x) are major W/M levels what on earth makes you think you can fade it blindly or with intraday chart. Even a daily close will be on the early bird side !!!...
i hope it helps ...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now