Added a that does not quite fit my rules ~~~
Figured out the 4hr resistance all on my own ~~~
The measured move was from - I forget ~~~
Ignoring the 1.272 fib ext of A to B and the doesn't help ~~~
There is almost a wave count with 4 and 5 to go ~~~
And, I still need the to help define my entry/risk.
Where shall I short -- Candles at the should yield a trigger . . .
The world awaits !
(hope I'm not asleep when the time is right)
BUT, (there's always a but)
the candlesticks have left a question mark as to a high
being in place with a spinning top that was almost a shooting star.
Possibility for a test of highs is likely = not short just yet.
Come on candles, a little more help please ~~~~~~
A nice shooting star / gravestone doji at resistance with small risk.
Stops just above the star is enough to know if this is right. 94.179
If you want a little more confirmation wait and see if this becomes
an evening star 3 candle combination.
@ 94.179 that's almost 10 pips above X
So, depending on where one thinks how high
above X the stops should go, this fits both.
I'm defaulting to the star as it's about a 70/80 %
probability of success.
(to tight a stop is my greatest trading weakness)
So, if we take out the star - All Bets Are Off !!!
In my mind.
What would be your suggested stop ?
Thanks for your thoughts !!!
Just looked at the sentiment of retail traders
They are Waaaaayyyy to short already !
In the 70 -80% of all positions !!!
Plus, Aussie has the employment stats out tonight @ 9:30 ET
I probably will not hold this past 5pm ET
How fast one can loose confidence in a trade !!!!!!!
This is my favorite: http://www.forexfactory.com/trades.php#tradesPositions
Scroll down, it''s on the right hand side. This has been the most
accurate for a contrary indicator that I watch.
This page lists 3 others,including the one you mention, I think.
Got so excited with the shooting star, I forgot to keep
an eye on these numbers.