Back from cat-transportation time and I hit the Monster via The Dead Zone...well, kinda'.
I wasn't comfortable due to price being topped-and-tailed by S+D down on the m5 tf (good) but with price sitting right in the middle of both (bad). I decided to wait for an initial move one way and then play the retrace. So that's what I got - and that's what I did.
Price moved long and banged its head before dropping back. I was down on the m1 to get some uber-detail and entered using cross-over-retest-enter tech at the Fib-50 of the 12:55 m5 candle. Percents were bagged...
M1 entry detail...
You can see that I could have entered a bit earlier as price actually exited the micro Supply-Zone but I was getting these weird, annoying, non-moves, so I wanted something with a bit more oomph behind it as an entry signal...and that's what I got with the 50-Fib thingy.
I wasn't comfortable due to price being topped-and-tailed by S+D down on the m5 tf (good) but with price sitting right in the middle of both (bad). I decided to wait for an initial move one way and then play the retrace. So that's what I got - and that's what I did.
Price moved long and banged its head before dropping back. I was down on the m1 to get some uber-detail and entered using cross-over-retest-enter tech at the Fib-50 of the 12:55 m5 candle. Percents were bagged...
M1 entry detail...
You can see that I could have entered a bit earlier as price actually exited the micro Supply-Zone but I was getting these weird, annoying, non-moves, so I wanted something with a bit more oomph behind it as an entry signal...and that's what I got with the 50-Fib thingy.