Thank you! Yes I was aware of the smaller fib :).
Wow, and there it shoots!
So whatâs the strategy around these big zones? Do we wait for the price to leave the zone on the downside and THEN wait for ND?
Right on top of my text lol. We couldnât have asked for a better test to show weakness. Short entries are on as long as 61.8 holds.
You donât have to wait for it to leave the zoneâŚjust like the setups I show, nothing different here.
No need to rush btwâŚI would like a proper ND entry, maybe a shakeout.
Hah! I donât believe in the phrase âBe careful what you wish forâ⌠atleast not if this works out! 
Wouldnât it be okey to just enter on the close of 1hr here? I canât see how price would go any further.
In 48 mins if closes bearish yeah.
were is my 1st tp? 1.3435 i guess
There are areas we can expect a possible bounce, like fib areas, support and areas of high demand but I donât use a set tp. Iâve talked about exits recently, you might want to go back and review.
We should have a new fib drawn on 5 min low high.
*I just realized I entered on newsâŚa mistake on my part. I didnât check first. No one else was watching that eh? Nice lol.
Not me, I was too caught up in the charts. I hope this works out anyway 
mmm, Iâm thinking of closing it here around BEâŚcan always get back in on a proper signalâŚnot on news! lol
EDIT: ok, since itâs giving a ND, Iâll hold off on closing it, but Iâm not going to let it run back on me, Iâll just close for a small loss 9 pips or so.
First day back trading after a long break, made a few posts in the old thread. Wow what a ride!
I had the exact same entry and SL placement as what is on Peteâs chart. I added another 1/3 on after surviving that second rise. Still looking for that bar that locks all the weak holders inâŚhopefully im not one of them lol and it goes my way. This was an excellent refresher even if it doesnt work out. I probably should be out by now, Im still not too great on exits. G/L everyone.
Pete, how do you usually manage your trades that is in the negative when itâs getting late. Do you let them run as intended too or do you close them out? As I know you donât like to have trades running when youâre not there to watch.
I wouldnât close a trade in loss just because itâs getting late. Really whatever the chart saysâŚmaybe aim for less pips on the TP, or lock BE sooner than usual if given a chance.
Done, BE set 1.3468
The stopping volume on friday was at the 50 fib on the daily. The hourly did not close below it. Would this suggest to you guys that the move away from here may not be that strong?
Yes, thatâs what I meant by possible ranging conditions. Demand could show up the lower we getâŚand get closer to that fib area, and a bounceâŚwhich would be tradeable.
Closed 1/4 +20 pips, still locked BE and letting it run some more.
Iâll be here all week, tip your waitresses. Thank you, good night. 