pbmalla77

Update: What happened today and how i plan to get back in!

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar

Price opened at 0.73409 quickly moved lower 12 pips and gradually moved higher back at around the daily open. Price expansion lower of 37 pips hunting previous day stop ( green x) into the green box are where i was looking to get long. Price did not wait long and reacted higher very quickly around the daily open and price gradually moved lower back into the green box.

1. Price opens moves lower runs Previous day stop (red x) and quickly moves higher. I will let price tell me where the market will most likely want to go.
2. Price opens and continues to move lower hunting stops (red x) into the MO level. I will wait for price to tell me to form my bias long or short.
3. Price opens moves higher breaks above the previous day open. I will wait for price to retrace at this level for a buy. Price continues to move higher and breaks above the 0.73729 again wait for price to move back for a buy.
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