Bundy's status today: "Waiting..."
DislikedI'm just watching silently bulls trap developing on equities ..... (for those who trade it, I have a good weekly resistance at 8420.. time to sell e/j....)Ignored
DislikedYes...98 produced a hiccup there for a few - it's the short term 38 level......remember I am bullish long term...was hoping for the 50...may just have to add some in here....that's not an endorsement....yet (in case anyone is listening)...after all, this is a PB forum!Ignored
DislikedLOL - smarter by the minute - Indeed, good for both of us!Ignored
DislikedBTW, I was using the your 38.2% as well for confluence purposes. Deleted it for clarity.
Will be cool if this makes it down to 97.15 area.
Might be worth watching later.
Not prepared to go long until then. OR... Alternatively , a more convincing break above the current consolidation area on the weekly. (That's just me though! )Ignored
DislikedOK - just to keep it interesting - long EURJPY at the 38 off of the weekly PB. Of course, there is a 15 min PB (not that I looked!)Ignored
DislikedSorry - wrong term. You are correct!
LOL - I know why! - that market is one of the diciest - and the most rewarding. I think many of us who profited on the large selloff were focussed in that arena.
Quite honestly, you are likely better off trading it after a retracement of the reversal, so to speak. It may still be early for this wave, so there is certainly a lot of opportunity. There is no need to call the initial phase of the double bottom...but it really has struggled to break resistance. No wonder - I see it a banner for the global...Ignored
DislikedSask?, no thanks.
Fiji, NZ, Aussie, Singapore, yes, but -40C is too much of a good thing for me.
DislikedAw come on, I'm originally from Florida. If I can handle -40 C anyone can.Ignored
DislikedNo problem. I thought my old brain and eyes were failing me.
So, to be sure I undersand as a novice, looking at the attached daily chart, you would be long at about 129.60, which is at the 38 fib of last weeks runup. Right?Ignored
DislikedYes, that is one potential target....risk aversion flows may get us there before the stress tests it seems...but it will require some precision against the current backdrop....good opportunity, but also some risk intra-day. Many here would like to see a shorter term PB to confirm first.Ignored
DislikedNow here we are zoomed in. This is a great way to trade off a daily mindset. We had a retrace touch the 61.8 exactly, now we try to find confirming price action.Ignored
DislikedHello Mike and experienced traders
I could not know why the great pin bar that s failed? I know that it is so early entering order when price was nor broken low of pinbar. Our of this, i didn't find out any other reasons making the pin bar failed.
If you guys, experienced ones will explain me the issue or this one is an exception?