Bull City Baby! Buying Opportunities

SL is at 119.15, entry at 119.28

Needs to move away from the bottom of the channel, preferably up

Otherwise, I may call it a night if SL is hit again...

The thing about pullbacks is minor resistance is created. We got popped down because of the minor resistance around 120. I'm sure you know this though I'm confident we will be above 120 by tomorrow morning!

Japan data in 40 minutes might do the trick!

Guys, I do believe we will be going up eventually, but I have show you what I see, looking at a little bit bigger picture.

Note the trend line boundaries that are being respected on H1 chart.

I plan to wait for price to find it's bull footing. Here's my chart. What do you think?

Edit: Plus, adding to my uncertainty, is the fact that we really don't have a reliable reversal pattern yet. I know there is that "V" shape, but I don't trust them. I need to see a more consolidated pattern that has a more stable foundation, but that's just me...

bro i'm really sorry, just realized that all my previous posts was not worthy
your posts are great with solid rules and analysis, hope you can continue to help others
i'll be back here when i can post something useful
thank you

Thanks for the kind and respectful thought. Look forward to seeing more posts from you...

so much volatility!

Indeed

I am holding my long still.

same

In regard to my prior post, sometimes its hard to get the channel right with erratic price movement, so price may not hit that bottom trend line, and may find support sooner. I just need to see it, as of yet, I can't see support holding...

For example, right now, it looks like it wants to bounce, but I think I'd need to see a reversal pattern form, as it doesn't look like the bounces are holding yet...

We need euro to put on the brakes.

Gidday Yen

Well back to were I started 119 longs

My short exploded

nearly blew up the computer

EUR trying to flush out all the shorts

Just have to wait a bit:nerd:

Hope everyone's trades work out.

Maybe the current bounce will hold. I see it bouncing off the bottom of BB lower band (period 100) on M15. If it can keep from breakage that band it will be a good sign. Hey I'm trying to find those bull legs somewhere entered with a 10 pip SL...

If it bounces off 119.17 on the way up here, I might TP and stand aside again...

Nice bounce off the .618 retracement level of this most recent up move. If this holds we will see 121

By the way, I wasn't asking anyone to let go of their longs in my prior post, just what their thought was on my chart, but no worries, there are a million ways to look at this, and the price will do whatever it decides to do.

Just trying to find a foundation to trade off of, just my style...

So far, awaiting better entry...

Well, we might be getting somewhere finally. I entered again. This time on M1 chart.

Showing a double bottom. Note how coming down, price continuing to punch through bottom of the BB band, but the last time fails to hit the BB boundary and also fails to make a new low.

Obviously will need to watch closely, and look for confirmation on higher time frames as the trade progresses...

Now looks good on 5 minute chart, so moving in the right direction. Broke resistance, and established support right away... Moved 50 pips so far, so moved SL to slightly above BE...

Why this thread is so quiet. Common guys let's cheer up. Me too almost blown my account. Lucky my SL save me. New day new opportunity. Don't give up. Keep this thread alive....

Brent resumed its decline as an Iranian official predicted a further slump in prices if solidarity among OPEC members falters. West Texas Intermediate in New York also erased yesterday’s gains......(Bloomberg)