Disliked{quote} Don't ever underestimate the power of a level and banks TP. It can be brutal to the pip. The major levels I have had was 110.00 (yes to the pip) adn we got 110.08 ish and resulted in 500 pip retrace. Next level was 117.03 ish and the last level i wanted a reaction from, as you all know we banged that level for days.. but got only 155 pips retrace from that, but it was also just a mid target. The next is 120.17 ish and that is major fibwise, and also a round number and a major TP. At most you will get 10 pips extra on that and a retrace could...Ignored
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
I don't even have a cool signature
- Joined Jul 2013 | Status: Trader | 2,059 Posts
Well, if it drops anywhere near 116.80, I'll DEFINITELY be looking how price is behaving, and seriously look at possible long positions. Anything that looks bullish before it gets "near" that level, I will be very suspicious of, and only view as short term opportunities.
Right now, it appears ready for another drop. But I am not pushing it down
This is only my opinion. Happy trading and lots of pips to everyone
Edit:or if it can get above 118.27ish area and show a bullish rejection, then I'm in!
Right now, it appears ready for another drop. But I am not pushing it down
This is only my opinion. Happy trading and lots of pips to everyone
Edit:or if it can get above 118.27ish area and show a bullish rejection, then I'm in!
- | Joined Nov 2014 | Status: Trader | 45 Posts
How can you go against this? What an uptrend!!!! Lost my butt on this one waiting for a turnaround...ain't gonna happen till 2015 from what the "experts" say.....
http://theeconomiccollapseblog.com/a...he-u-s-economy
Pretty cool to be able to flip a coin and say, "ALL IN".............
peace
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
I don't even have a cool signature
- Joined Jan 2012 | Status: Trader | 1,711 Posts
What a boring Thursday. 
Good luck and may the odds be ever in your favor!
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
I don't even have a cool signature
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
I don't even have a cool signature
- Joined Jul 2013 | Status: Trader | 2,059 Posts
By the way, one reason I don't have any confidence in anything that might look like a bullish reversal at the current level is because right above it is a bearish reversal. So, any bullish move will be quickly met with a ton of bears pushing it back down.
Just my opinion, but I always look for good R:R and room for trades to move. Right now bears have all the room in the world to go down. Bulls have no room at all to go up.
However, as always, price is dynamic. We'll see what it looks like several candles from now...
Edit: don't try to catch a falling knife. Wait for a floor to develop so that the knife will stick. Then pick it up and slaughter some bears. Ha ha, just kidding. Don't hurt anyone
Just my opinion, but I always look for good R:R and room for trades to move. Right now bears have all the room in the world to go down. Bulls have no room at all to go up.
However, as always, price is dynamic. We'll see what it looks like several candles from now...
Edit: don't try to catch a falling knife. Wait for a floor to develop so that the knife will stick. Then pick it up and slaughter some bears. Ha ha, just kidding. Don't hurt anyone
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
I don't even have a cool signature
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
I don't even have a cool signature