Thanks Don! I'm slooowly starting to get it. I have actually gone long (on demo) at almost exactly the same price you did, the upper position. 1.2966 to be precise. I have based that entry on the H4 chart I have posted in the morning and what I have written on it, as well as the HH and the HL that the H1 shows. When the price was at around 1.2965 I thought "this is a retest of the spot where the intraday selling order flow was overwhelmed", and so I have opened a position.
I'm kinda going into the details of my thought process here, but I've found that discussing that process is extremely valuable at analyzing it later, and maybe it will be of some use to someone.
All that being said, we are still pretty much ranging intraday, and that ranging extends to the Daily chart as well. I guess it's Friday so it's not entirely surprising.
I'm kinda going into the details of my thought process here, but I've found that discussing that process is extremely valuable at analyzing it later, and maybe it will be of some use to someone.
All that being said, we are still pretty much ranging intraday, and that ranging extends to the Daily chart as well. I guess it's Friday so it's not entirely surprising.