possible sell here around the 13166 level... this is Target 1 from low 13133, next level is 13200 followed by 13233. Don't thibnk I will need to worry about 13233!
4hr outside bar long... danger! but for who...? Long? might be... but cant say for sure... I am thinking that there is a thread on FF who uses outside bars as a trading system... all i can say is bees to honey. I forget his name but there was many a wise thing said by our friend but a trading system based on outside bars.... nope... ant possible.
so anyway... 13158 is the high... target price 13166... yep close. But I am not convinced... with price action... I am starting to learn when my numbers work best... the best setups..
1) price in fast and out fast... no sideways shit
2) Diveragnace.... I love divergance!
3) major support levels
4) 100 /150 /200% perevious range same direction
5) daily open
In desending oreder!
More the better..... so basicallay I am not over keen for a sell.... but never say never... especially on the 5min chart!
So... my system did not produce a sell signal.... see always trust your trading system!
double guessing.... my system kept me safe. If the high is taken out...13168 ... then i will be interested in a sell.
The market has to do what it can to shake out the most traders as possible... thats its job!
Expect to be fucked over... plan for it if the situation looks like a nice place to lay a trap.... and this price action does... so I am tinking a break, reversal... say 30-40 pips... and then long.
