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A MONTH OR TWO! I don't like trades that take more than one cup of coffee.
If I wasn't typing this on the other computer I coulda, woulda, shoulda dumped it with +10 ticks ..... I'll probably regret that.
I can see a little more churn here at ''83 that should drive the POC down to that level. But I'm concerned about a head fake above ''86. I don't like trading after 6am sometimes this computer turns into a pumpkin.
Can you help answer these questions from other members on NexusFi?
That area around the 1.2320 level has a history too. That up move during the US session yesterday stopped dead when it hit that low volume area (1,2327). Which was 2 ticks above the Buy Number of yesterday (1.2325). And by the way that level was not the upper value area at the time of that move, FWIW. Today the Pivot is sitting there at 1.2321. I can see the up move happening, but it looks like a lot of work to me. That said, MY STOPS will add fuel to the UP MOVE, if I don't dump this thing soon.
I wanted it all this morning. My intention was to get short above the +2 SD Level and hang on! When 2 am came around I had sell orders sitting above the +2 SD Level (10, 12 14 and 16), price traded on even but never reached up for my orders. Then the market fell nicely, without me. I got a sell signal and took it, then I started thinking,,,,, I bet the 80 level will hold and my London Brethren will push the market up and get short on even. So after the first mistake, I made the second. I took profits on the little short and traded against all my indicators and went long anticipating a pop to even, wrong. Thankfully it didn't take long for price to come back to test 80 (now I consider 80 resistance under the VWAP) giving me the opportunity to get unraveled from the longs and get turned around short. Then rigamortis set in. I bailed out of the trade on the push down when the U.S. volume started coming in, I didn't want to sit through another pull back during the U.S. session. This was a four lot, with a four lot when things go bad, they go bad in a hurry.
I think you will see a ranging market all next week between the 2200 and 2400 with a nice 100 pip sell off at weeks end...
possibly 2100 on the low end....selling those highs is my wager...