Disliked{quote} it is common that we get some range trading at this level while both bull and bear trying to take controlIgnored
those who can, do. those who cant, talk about those who can
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Disliked{quote} it is common that we get some range trading at this level while both bull and bear trying to take controlIgnored
Disliked{quote} I didnt get the retrace i wanted.. pa i think will go 40/80 pips higher.. The problem being the s/l can be 1582. If one can find a better s/l higher it may be worth it.. for 1675/1715.. A light sl is about 1632. but its close it may get wicked.. 1613 another 1602 are others.. I expect a bullish day to 1675 or better.. 1708 can pull pa to it.. That's the 80+ pips..Ignored
Dislikedsome light support could be at 1.16181 bulls were unable to take 1655 earlier. Bears would likely take -1618.. if not may attempt 1655 again. A day close above 1655 points to a rise after open Sunday {image}Ignored
Dislikedsome light support could be at 1.16181 bulls were unable to take 1655 earlier. Bears would likely take -1618.. if not may attempt 1655 again. A day close above 1655 points to a rise after open Sunday {image}Ignored
Disliked{quote} It may gap down.. This rise on the chart may be limited to 12/30 pips.. A gap down lessons a rising bounce off 1618.. On the week rough target 150 pips from open price. That suggest a lower low next week.. if open price is below 1618 in a gap. pa may hit 1470s next weekIgnored
Disliked{quote} i do have a bullish scenario which pa may go to 1750 before down. But unlikely. i guess 1450-1470 fisrt then may bounce back to 1570-1630Ignored
Disliked{quote} That is always possible. I'm using statistics of 1.5 years. On a given day when pa closes above 1618. It would run back to 1654.. That may just be 1647. A short there on a day produces 51 pips. I have the week and day as bearish. But it may rise from 1618 area to 1650s area. The week is different. It may Gap down. If it does. It may not reach 1654.. A rise may be limited to 15-30 pips above the gap open. Wherever the open is on the week, it may take 150 pips. It could be more. Gap down odds are about 45%. My preference is to open a little...Ignored
Disliked{quote} A gap down open has about 45% odds. That leaves 55& odds it would be a flat open. A flat open lines up with 1655/47.Ignored
Disliked{quote} love this plan! And if we play out a h&s after reaching 1450 it opens up more rooms downIgnored
DislikedBears need a big red candle to close below Just like bulls needed a green one.. Not just a wick.. Next week has a 70% shot at dipping a wick.. {image}Ignored