DislikedI am also looking at the kiwi, it looks like a nice pinbar off the 7000 BRN and previous support. However, this is the thought process going through my head. I could take this trade at the break of today's high, but that would give me less than 50 pips until the PPZ and potential resistance, but the S/L of this trade would have to be beyond today's pin low which would be around 100 pips. So looking at R/R, it doesn't look like a trade with great R/R. Mike please advise, thanks.Ignored
Here was a post I made about R:R
http://www.forexfactory.com/showpost...ostcount=70154
and here was Jims response(which was much more passionate then mine )
http://www.forexfactory.com/showpost...ostcount=70155
Best
Mike