DislikedHey Mikali
THis is a perfect example of why playing continuation bars are very tough....Ignored
Thanks for your analysis, I watched todays bar break 27 pips above the highs of the matching bars 1.4966 but did not move my SL to BE in part because of yesterdays BUOB. Lesson learned !!
Could you offer more insight or give an example on your comment "do not play them as continuations till you can play them as the reversals ala the james16 way taught in this thread". One of James16's first chart posted in this thread is of matching lows and to play them as continuation break out pattern in an established trend.
Finally, if you could elaborate a little further on your comment "1.5 is a huge psychological barrier, not to mention probably an option barrier. This means sell orders will come in right prior to it to protect it also. It will get hit most likely.
Thanking you in advance for your assistance and insight,
Mikali