Hello guys short 417@10:35; stop out 441 (bigger than normal stop, plus slippage) reshort 441@10:42, good move so far, will post a chart around lunch
here is the trendline I'm looking at. (I hope its similar to the one Y posted... lol) ..... but beyond the trendline, Ive been intensely watching the PA for the last 16 hours. and maybe 26 out of the last 36 hours.... and it seems like the battlezone is the line in the sand at 159. right now. with a big s/r barrier to break thru at 15934. ...been watching it all day.... the play and struggle at 15900 area. as the line in the sand. I like the analogy of the bus ,Y. Ive been thinking of it lately as a bullet train.... which arrives at the station, opens its doors , for what seems like 30 seconds....you must get in, without hesitation, to ride it....and before you blink, the doors shut, and off it goes.... yes, I can see there will be another bus /train come along soon enough..... (ive discovered that)... but boy, that window of time when the door opens.... seems to be so brief to me.... My s/r points of break through after 15900... uptrend would be to break 15924, 5934,and could be clear sailing to retest the high of 5974 and into 160 from there. the key was what PA does around 15900....below that looks like a retest of 15840 area, to the bottom line around ....5800 ? ( I didnt look see again yet)
hi Tom, How do you find trading long hours? I couldn't do it, especially with a slower market like EUR/USD after my local SIF sessions. I would say not everyone can do it, 1Reason had navy training, and CF had some from da KGB hehehe.. Good Trading
Decent trades Will... Good work! The fact of catching shorts and seeing a down market is good by itself!
Good point Willl. 2 things to mention... 1> Before the 4 min mile it was considered impossible. Now it's commonplace. Same in every field. Lots of traders trade 2 hrs and take a break and everyone they trade thinks you can only be effective for 2 hrs. I can run 18 hrs without boredom or losing my edge. But I couldn't do that trading from one TF - it would bore me to death. Expect a lot from your body and it will rise to the call. 2> Different topic: Yesterdays Gap is 5944 to 5957. Willl, the Japanese call the Gap a Window and use gap top & bottom as S&R. It was one to short EUR off on the 1 min. Cycles are v mature for the ATM down so I'm top fishing and we can roll over but if PA comes back to these levels they are action points provided PA signals.
Totally agree with Yoohoo! I am so used to trading 12+ hrs in a row that literally can't wait for every weekend to pass through and a new trading week to begin. Trading is definetely very addictive.