Hi everyone.
I had a very frustrating session yesterday. I was late to the open, then messed up a continuation trade down after a new 2B was confirmed on the 10 pip chart. The reason was that I was looking for a potential continuation up at fib level...didn't happen. And I was slow to spot the 2B.
I then hoped for a 123 down to form based on the 2B, which also did not happen.(2XBE) The save of the day was a Jaquemate style trade to DOL with 2 lots.
When I look at the chart afterwards, i now see that instead of thinking too much, I should have accepted the proven fact - that we were in a range. This was proven, in my view when the market could not make new highs(2B) and hold them, and when the same (2B) failed to produce new lows/follow through.
If you look at HHLLHLLHs, you also see a clusterfu#k. This was an ideal time to pull out a 3 pip chart and range trade, as the range was, in my opinion, established. But all of that falls into the category of should have, would have, could have.
Anyway, the range has produced what appears to be a wedge, so we will see what Friday brings. The weekly indicates a TL break.
Best, Josh
I had a very frustrating session yesterday. I was late to the open, then messed up a continuation trade down after a new 2B was confirmed on the 10 pip chart. The reason was that I was looking for a potential continuation up at fib level...didn't happen. And I was slow to spot the 2B.
I then hoped for a 123 down to form based on the 2B, which also did not happen.(2XBE) The save of the day was a Jaquemate style trade to DOL with 2 lots.
When I look at the chart afterwards, i now see that instead of thinking too much, I should have accepted the proven fact - that we were in a range. This was proven, in my view when the market could not make new highs(2B) and hold them, and when the same (2B) failed to produce new lows/follow through.
If you look at HHLLHLLHs, you also see a clusterfu#k. This was an ideal time to pull out a 3 pip chart and range trade, as the range was, in my opinion, established. But all of that falls into the category of should have, would have, could have.
Anyway, the range has produced what appears to be a wedge, so we will see what Friday brings. The weekly indicates a TL break.
Best, Josh
Attached Image(s) (click to enlarge)
....I think in the end the gap was not to be denied. Once filled price inched back up into and slightly out of the range...The Dax`s big brother the Dow is enjoying record highs and maybe baby brother wants in on the party now that the Brexit chains have been cut away....is there a 1000 pip run in the tank over the next little while???
...but as you say, then we would be millionaires. 
