Just to say Hi. I do read the 5min so I am glad to see so many pips flowing. As Golfer said today was a bad day for this strategy as there was no clear direction. It is a day for 2 to 5 pip trades only. Tommorrow might see some movement as there is a lot of emotion buildup.
!!! Yes the emotion build up is evident on the 4 hour as well . But i think this is the natural course of the market to consolidate or look for direction especially when there is important economic news is involved. Bernake speaks in 20 min and we all know what happens when he opens his mouth !!!
... Staying out today ,. there were couple of good opportunites whichi saw EMARCO took in the early morning hours. Take care. 
The drawing of my small resistance lines and where they are broken - then I'll stay out of the trade.
I saw my MACD was also getting flat near the zero line - another signal for me to stay out.
Then I cannot talk about the daily pivot lines because they are no longer present.
The lower highs and lows were a positive signal - now you need to decide/weigh your positive and negative signals against each other.
Would you/did you take this trade? If not, how would you filter it out?
In post 4160 you mention your higher high/lower low trend confirmation, would it be too much to ask for you to explain this in relation to this trade or point me to a post where you've previously explained it?
