Hi,
I'm still waiting patiently for the next short opportunity on the daily chart. Normally I monitor the price action every couple of hours, but today I actually forgot (!) about the market for 6 hours. That has never happened before. I feel good about it, because it tells me that my emotions are more disconnected from my trading then they were a couple of months ago.
I'm now waiting for a good retrace. The market has to break the steep resistance and head up towards 1.38. I will then take a short position after the indicated end of the retrace, which is a red candle.
The retrace is getting closer since the market has been stretched out a little bit and it has been slowing down around 1.36. Those facts are, however, only indications. Nothing's certain.
By the way, check out the new thread created by CrucialPoint. It's here in the Trading Journals Forum and there's a link to it in the first post of this thread.
beam
I'm still waiting patiently for the next short opportunity on the daily chart. Normally I monitor the price action every couple of hours, but today I actually forgot (!) about the market for 6 hours. That has never happened before. I feel good about it, because it tells me that my emotions are more disconnected from my trading then they were a couple of months ago.
I'm now waiting for a good retrace. The market has to break the steep resistance and head up towards 1.38. I will then take a short position after the indicated end of the retrace, which is a red candle.
The retrace is getting closer since the market has been stretched out a little bit and it has been slowing down around 1.36. Those facts are, however, only indications. Nothing's certain.
By the way, check out the new thread created by CrucialPoint. It's here in the Trading Journals Forum and there's a link to it in the first post of this thread.
beam