Back at resistance 5279, let's see if it holds here, I had a 15 min short setup a bar back, but I will look for a spike then stall pattern, or stall pattern at this line.
On the 15 min charts I am placing horizontal lines on the current bar lows, I also have the previous highs marked for targets if shorts come into play.
I will break down each candle until we start seeing the sideways movement giving signal that move up is slowing.
Give it time, it will form and produce cash, even if it takes 1/2 hour or 2 hours, it will pay if we watch it carefully.
This is how I approach the market, one move at a time, then when it stalls, take it.
If it pulls back to the previous highs and stalls there, we long.
The purpose of marking the 15 min current candle low is to see change in momentum, or later to mark a target for shorts, these prices stall and we mark them to use later.
Looks like 124.87 held on 4-15min candles, that was my line for break and stop.
The target reached also at 125.02 area, but with price action during the trade was hesitant, I will find an excuse to close near breakeven, and wait for more entries.
I really would like a move on any pair for about 70 pips straight, but that may not happen in the Asia session.
I am going to eat now, was busy working in the garage getting away from charts.
Actually I would trade off that scenario, I would like longs on a pullback to the 3350/55 area, where it is right now, I am going to take 10 min break and be back to trade.
It is hard to make live calls on a forum because things change real quick in a scalpers life. I do not trade big time frames and I can be in and out before I can post what is going on.
I try to do my best to show setups, but mostly after I have entered which is too late for followers.
We will just follow the price as it leads, there is no one here that is taking my live trades anyways, so it does not matter what I really say. LOL
If 3355 breaks I am short to 3340 area, or what it gives me.
Actually I would trade off that scenario, I would like longs on a pullback to the 3350/55 area, where it is right now, I am going to take 10 min break and be back to trade.
Ignored
you had that call right on
didnt take it long down there closed the short with +5
