Andrew what is your timeframe on the candles below, is it always 3 hour?
I just got a LL at 212.76 and another at .88, I plan to sell the second at +25 pips and let the first one run to +100 if it is Her Majesty's pleasure, of course.
Quote:
Originally Posted by Andrewunknown
Are you calling me a fool? Trading the pair up and down is chaotic if you're day trading it (what everyone calls scalping here), but I don't operate that way. The combination of spread and (potentially adverse) volatility makes lots of intraday RTs unattractive.
Short from 213.63; but, I'm leery of a reversal candle at the 213, and by the look of it, a bullish reversal may be in the works - a harami/inside bar. If the 2200 ET candle closes above the 2000 ET candle, that will complete a three inside up pattern, which turns things back up, momentum permitting. The last time a three inside up pattern occurred on the Guppy? 0600-0800 ET on 07/16 in the low 208s. How many pips did that reversal signal produce? If any of those occur and is validated overnight, the HL/HH (higher low/higher high) beginning with the high on 07/17 would remain intact. 214 remains the level to close above. |