Quote:
Originally Posted by rrram2
See I learned long ago no matter how good you are, you are a fool if you try to beat her up and down. She will get you.
Playing her up and down is FAR too chaotic. Shorting her is much like going skiing for the first time and finding the biggest steepist most tree filled hill
and taking your first trip on a set of skiis down this hill.
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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.