Yes, the emotional attachment is because I'm looking for the 1-2 yr long + actual non-traded $ holdings to not be blown to bits .. Whilst here at ET I hope to get good enough to trade on 60-min., then I'll go Long or Short with equal abandon.
Double-top fired August 2008. Major trend reversal occurred then. This current EurUsd rally is a bearmarket rally. Primary trend is down. All I'm trying to do is to catch the next leg down.
--------------------------------------------- just modified this pend to 1 mL instead of 1 full Lot so should read ... EurUsd short pend 1 mL @ 1.48001 STOP = 1.4930
So far so good. No change to positions. All as-is. 1H bi-left shoulder so not so perfect H&S target = N-(H-N) = minimum target hit within 3-7 pips. Awaiting further action to see if we get a full 5 waves down on 1H and/or 4H. Then of course, Daily chart Nov 3rd and Oct 1st lows have to be taken out and that's when I don't look back no more. Until these things occur I am as always totally clueless, one paycheck away from the Salvation Army.
There are so many rarities happening in my life that I don't know whether I'm coming or going. First, a wave 2 (if it really is so = needs more time to confirm) blasting past 61.8%, 78.6%, 88.3% and then reversing just shy of or = 100% is like I said, rare, rare, rare. Then on 4H a failed 5th sub-wave that fails to hit the top converging channel line is another infrequent occurrence. Normally for this type of action there should have been a throwover. Reassuring though is the fact that thus far the pattern calls for a minm. move to the start of the diagonal triangle base and we got that in spades - ditto for H&S on 1H. There's no meat on the Daily so I'm forced to throw darts at realtime which I don't know doodly about.