To take a longer perspective and maybe a catalyst for next week the 25 day MA is coming into play and its significance can't be denied. I obviously hope it adds fuel to a selling fire where the 200 day around 78 will be the next support. The difficult part is if it acts as support and just churns around it for a few days before breaking higher. I usually only look at MAs twice a week because it takes so long for anything to play out. Dollar just failed to break out...
sim (not seeing the r/r but looks up) long .06 10 tick stop this time :29 stop to be and bid .13 to add - filled; stop at .06 4 ticks below be :31 stop to be at .10 stop-limit to add at .49 in case I don't see a better opportunity to add target: a break of the HOD unless it falters at .40-ish
04: stopped out at be; MFE $480 Gosh! I don't have a winning trade even by accident! Oh, well, one last chance for this week in the next 40'
Mr B, this action is awful for my breakout trading style, too, (I won't trade with such wide stops) so I used the 1-min chart and it works great!
Thanks NoDoji, I haven't make once single trade today :S I am looking and looking only opportunity I saw under my style was fade it the Value Area High 81.74, but that was before the opening bell. Trying to be discipline, better no trade than a bad trade
so far +50 morning I had few trades went 200, but I was greedy wanted more , ended up losing 100 on each. lately I have been BE alot ( after +10 ticks i use to stop BE ) , so I thought give me or take it. Only if I knew today is going to be slow day i would have taken all those sim 200's. later I took some trades for +100's. How soon did you guys figure out its a small range day ?
Picaso I'm going to share my secret directional market indicator If she's spinning clockwise its up If she's spinning counterclockwise its down