DislikedThe truth is, ALL of you are trading against the banks..and if YOU think you're going to take their money you are a bigger fool than I thought..remember, the BANKS let you play this game..so you are not trading against eachother..once you place a trade, the BANKS feel that money is theirs..and you ain't gonna get it..they WILL get yours...why do you think there are so many losers in this game...and it is the game of gambling..all these hotshots know it, but won't admit it..watch their trades very closely ..write them down..watch how they do..they'll...Ignored
Expect two/three bars before a retractment, first bar closing shortly, on the hourly - HOURLY bars.
Trade later in the day after the retractment if you wish, personally I will not bother.
Next week is another week and all the other fundamentals/technicals will come into play that you are discussing. Today is dominated by NFP, as it is every month.
If you're new, then just observe today and learn from it, then trade it next month if you're feeling confident.