DislikedHi,Ghous, probably you draw a couple of ideal scenarios you are expecting
around 8200, either bullish or bearish, and illustrate what you might do with these probable situation. I feel you have very reliable sense in managing the chart, so, will be very helpful to understand your thinking process. thank you.Ignored
As good traders we know we want PA at good ppz zones, the one on Aud/Chf is as good as you'll ever get them,
I was looking for a break because price looked to retest the zone in quick successions, which was poitning towards a possible break itself, the daily BUOB was looking good till we saw the close way down below the ppz zone as a result of that sweet 4H pin bar.
Would I have hesitated to go short on that 4H pin bar as I was biased to the long side? No! Simply because it was not a "bias", it was rather a blunt anticipation, nothing more and nothing less, and it's for this reason that Chris (Clock work) talks negatively abt anticipating price movement,it's so easy to get carried away and delve into an act complying with what "you think may happen"...so called anticipation.
What's more, looking at the daily bar it's to an IPB (Inverted Pin Bar) (yeah that stupid upside down pin bar I often talk abt ) and has lost all it's respect as a BUOB from me...(and it dare not disobey me! lol! oh wait, I am anticipating..., see?!)
I did'nt go short on the 4H Pin bar BTW, as it occured at nearly 1 am, and I was in a vertigous situation cuz of sleep dearth, passed on...
Anyways thanks for your warm compliments Krue, you're doing formidable job yourself in styaing diligent to the job
Regards,
Ghous.
I believe . . .