DislikedAnd LH's, too, though marginal compared to HL's. More tests, stronger the breakout, I agree.
It is also interesting to note that how price respects the back of DSRI.Ignored
There's a lot of discussion regarding EUR/JPY recently. Some had shorted it and got some profit. I personally did not take this setup although it looks very tempting to me. Here are the reasons:
- I see both on the boss and worker, the pair is trading sideways, no direction for me. AM I WRONG?
- Price on worker has created HH. Breaking the last LH 135.48 which was created on 21.9.2009 . Hence the immediate trend at that time would be BULLISH for me and I was only looking for opportunity to go long. Ideally, a break above 138.50 and a pullback with PA would be the kind of setup I was looking for. AM I WRONG?
- Although nice beob formed on 26.10.2009 at a nice sr area. It's not with the trend. AM I WRONG?
1st recent post discussing about EUR/JPY was by mstandifer on post #6905. Back then, he said he was only looking for a BUY opportunity which I could not agree more.
To be honest, I wasn't at all upset about missing in this big pips if I had sell it. Instead I was happy with my patience, at least I stick to my plan. But at the same time, I'm just confused whether there's anything wrong with what I SEE?
Would be please if you guys could enlighten me. Appreciate the comments.
P/S: any guys there who did not take the Sell Trade base on the same reason as me??
Thanks
Sean
Discipline is PRIMARY, Method is Secondary.....