allright a few vitamins, and mocha at the local coffee shop, a little drive, as good as new. notice the usdjpy trading in tandem, with ES/equity indexes, watching one might tip you off for the other.
I've seen more trades like this just absolutely die on the vine since Friday. Before the Fed stepped in these setups were $$$$! EDIT: stop moved to 63.....i see 63 busting this 5m bear flag if hit. EDIT: Out at 63.
Dammit! MDT, I entered on the 5min bear flag breakout, like you, and got my chops busted, just like you said. Ben's off my Christmas card list.
usdjpy before boj..range should be 115.50-114.50 will use that range to make buys and sells, usdjpy trying to hold above 114.84 atm. 114.84 = 1459.00
Hey mbusch, you always seem to be able to catch the lowest/highest tick possible on your entries. I'll use volume on the 1-min chart to see when volume goes 50%-100% higher than the surrounding bars to make my entries once in the S/R zone, but thats about it. You got any tips you wanna share?
Oh, if that were only true! In this case, my homework last night indicated resistance levels at 1466.50-1466.75 and another at 1462.50. I stupidly missed the entry when 1466.50 was touched (would've been a great entry). I went short on what looked like a bear flag breakout when ES re-tested 1462.50. And promptly got stopped out.