PRICE STALLED OUT! DANGER!
Price has stalled for many hours now. We know a big move can come after such at stall!
But which wall will it fly out of this consolidation up or down?
At this point entering is dangerous... Stops buliding both sides..
Often it will poke the wrong way first..... then a huge break out move in the other direction.
For me this is a time to wait... Its too risky to enter... and 50/50 shot of a huge move.
The plan here is not to get greedy, but to play defence by not entering... It may make a huge move with out you!
Wait for the break out... then watch it.. Wait to better define your risk.
As you can see entering in the stalled market.. You wern't able to define your risk.. Price make a false move up
then a huge 80 pip break down.
Best not even to enter when price is stalled...As its a 50/50 shot with no definable tight risk.
Price has stalled for many hours now. We know a big move can come after such at stall!
But which wall will it fly out of this consolidation up or down?
At this point entering is dangerous... Stops buliding both sides..
Often it will poke the wrong way first..... then a huge break out move in the other direction.
For me this is a time to wait... Its too risky to enter... and 50/50 shot of a huge move.
The plan here is not to get greedy, but to play defence by not entering... It may make a huge move with out you!
Wait for the break out... then watch it.. Wait to better define your risk.
Attached Image
As you can see entering in the stalled market.. You wern't able to define your risk.. Price make a false move up
then a huge 80 pip break down.
Best not even to enter when price is stalled...As its a 50/50 shot with no definable tight risk.
The only system that will work is one designed by and for yourself.
2