09 area, what is your thought, break and up, or stall for a dip??
Thanks.
Thanks.
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DislikedI use to look at things that way too - looking for extremes and passing on entries further down. But I saw 10:45 as another try and failure of resistance... Keep watching and I think you'll pick up on the flow quickly!Ignored
Disliked09 area, what is your thought, break and up, or stall for a dip??
Thanks.Ignored
DislikedIt seems to stand out more when there is a good move working, but the range is where I get snagged up.
I think my type of PA trading works best when there is a swing of 30 or more pips on the table.
I seem to struggle when it traps in zones.Ignored
DislikedCould very easily go either way... my gut says break and up but my gut has been known to be wrong. Has the flavor of a little fakeout here - in reference to going down...Ignored
DislikedOkay, I am out +5 pips, I know I am too quick guys, but with 5 lots on the table, it gets a little bit more stressful. LOLIgnored
DislikedI think you made a wise decision right now... That is the challenge I have with those breakout trades (exactly how to find my exit)...Ignored
DislikedNormally I trade break out for 5-7 pips anyways, and my entries are always in the break of a lower resistance like 09, exiting on the high test. I have found this to be a much safer method and great chance of making quick pips.
Some day we will have to work on those trades that will go for 100 pips.
Thanks for the help Z...
17 now has been reached, pressure is hitting it, looks long still. I will watch and enjoy.Ignored
DislikedI had my finger on 28 to short, but held off.
We have come back to 17 for the test, and watching how 22 line holds.
I had the 38 above as the overall exhaustion for London today.Ignored
DislikedWhy 38? If it is too much to explain - don't worry about answering...Ignored
DislikedLook at the 4 hour chart, you will see the double body candles, then the next candle that broke down thru it.
That is the area of test for me, it is where momentum took off and I look for a momentum check.
So that is the simple way too look at it.
Above that would be 3673 area, that may reach next week.
Here we are again at 3604, will it become our supporting area for the next leg to 3638? and beyond.....Ignored
DislikedHi, Zeldazu! I PM'd you yesterday (or the day before) and have been following along. This is so interesting!Ignored