Stopped out on this one for the second time :( Looks like 161000 see chart. Will have to regroup in the morning and look for more opportunities after the Asian Session, How are things Justin, where you short on the indicies?
Hey there TIK, I didn't take your first trade (didn't see it in time) but took the second one you posted for a small loss. Losing is part of winning, right? :)
In any case, I'm always looking for your ideas, it's great work. Maybe next time, on a longer time frame, we'll have more chance :)
Technically I am looking for P5 Reversal on expanding ranges as it is now crawling along a VERY STEEP smaller median line, so yes should I get a bounce on or even before the BIG Median Line around 161000 for a short.......Now if it Zooms through 161000 and closes beyond the BIG Median Line ( unlikely but you never know ) then bullish sentiment is in and I will be looking to get long. Currently these US pairs are correlating well with Equities ( When Equities Tank, smart money heads for safe havens US Dollars, As US Dollar Rises G/U E/U Tank.