I wanted to follow up that last scalp setup with an after image so we can see where price action went to.... It did not fulfill our criteria for entry but none the less you can see where price action went to. AND FAST!
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DislikedExcellent charting and analysis it is obvious you know what you are doing… Excellent thread as well, Kudos back at ya… This should help those in need of some delicious pips, lol…
Thanks for all the info and posts Piitb, you rock!!!!
TradeHoundIgnored
DislikedHey Piitb - love your posts - thank you. Would you short here? This is the current ej chart:
http://i382.photobucket.com/albums/o.../EURJPYNOW.jpgIgnored
DislikedHey Jonathan - here is a chart of the current hourly audusd. Since the last swing high was taken out this isn't in a downtrend now correct?
http://i382.photobucket.com/albums/o...120101HOUR.jpgIgnored
DislikedHi Jonathan - here is the eurjpy 1 hour chart as of this posting. The 4 hour is still in downtrend swingpoint wise, but has chopped around on the hourly. But is the current price a good place to short? I have marked up this chart and am thinking about shorting down to 23.6 fibo.
http://i382.photobucket.com/albums/o...120101HOUR.jpgIgnored
DislikedI would be very careful during this time of day especially. There is little volume here from an institutional standpoint. Also market flow is up on the hourly and although it is down on the 4hr you have a huge hammer 3 candles ago.
Whatever trades I take for this asian session, I am going to place tight stops and be very careful...Ignored