Billytt Die happy trading e/j daily breakout

EJ is a candidate for a possible pullback-then-drop entry...

One more.

AC for a bounce...

OK...one more, just for Claudia...

No No Reds under the bed! ... Joe McCarthy said so...

Numbers came in down - but still above the magic 50.

Big sell off early this morning for Monster Dax, and most crosses against the dollar, sooo sitting on hands for now, with the Dax I didn't want to end up catching a falling knife going short, but no signal yet to go long, ermmmm, so early breaky

L.O.L. A Lem move back into the body with good %, not for me today though . I think Lem will not be impressed with Moi, sacra bleu,

Hi folks.

With The Monster, if you are at all unsure, stay out. It's too dangerous.

I saw that move start last night but didn't jump on - I was too interested in watching Black Sails, lol. .

So, the thing has dropped the full Daily Wick Zone range before we have even reached the UK Open...



In fact, price has turned all the way back to yesterday's Dead Zone...



At that time Pip was looking, the best way to trade it would have been just as the first drop had closed, to then see that price was now set up for a move back up out of the Lower DWZ and we also had the Demand Zone there to drive it up and out.

As you can see, we then had a rebound off the Supply Zone, so the bounce was short-lived. This also means we now have price trapped in an S+D channel.

At first view, it seems the overall pressure is Short but as you can see from the Daily chart, I'm not exactly enthusiastic about doing that, lol.



H1 echoes that...



Because of all of this, my inclination would be to look for a bounce, banking on a bit of momo action, however when you look at the H4, you can see that although it backs that play, there does still seem to be a little bit of room for a continued drift lower before any possible bounce...



Possible idea to keep in mind would be a quick bounce at the Open (assuming no move between now and then) but short-lived as it turns down into the major Demand, then a full turn Long.

Maybe, possibly, lol.

As I have said before, that may be the big picture but down at the sharp end, the micro-moves can still confound. In the end, trade what you see.

Still indecisive, for the Monster, could this H1 become a doji, lets see.

Hi Lem, great post, answered all the questions, yaaaaaay, your a Gent.

Small consolation that it went the way I thought it would. I didn't get involved.

Sucker move blip long, then chunky drop into Demand, then a flash move back on itself out of that same Demand...though never cleared it completely.

Attached Image (click to enlarge)

That means that the H4 gap below was the key factor, giving us the space to drop into.



Now all that remains to be seen, is if we get the bounce once this (if this) bottoms out.

Ah, WTH...I took some on that bounce. It was just sitting there, begging...

ahar, that is going back some time....

Then added a little jam on top...just for Pips...

good morrow all.
Cable, bias is short .
So far no trade off the 08-00 15 minute bar .
The Hi came very close to triggering.

Then another bite to build a nice stack...

Great little bounce from the micro-Demand Zone off that drop - but I let it go...

Ah well, that'll do me for the day. It is Friday, after all.

I am dog-sitting this weekend - really looking forward to the break. So better go get my act together for the trip.

Have fun, all who stick around and watch out for the red news spread through the day. Hate to finish on a downer.

Will check in later on but for now, ta ta the noooooo!

Lem, thanks again for your input here today, great insight. Hang on to that leash L.O.L.

Ha ha, love it. I will try that today.

Before I finally go, here's how it's looking at the H4 and Daily level as I write...





Byeeeeeeeeeeeeeee!!!