Bounced off long trend of support and will head back up to next resistance spot! Plus stoch is hovering around oversold and looked to be reboudning soon.
Testing support for the second time and looks to be rebounding up and heading in the other direction for a nice scalp. The Stoch is hovering around the oversold position suggestion a nice LONG scalping opportunity.
Nice channel bounce back down for a decent day trade with decent profits. Also STOCH is hovering in over bought territory suggestion a nice scalp down as well.
Blew through support 1 as the STOCH hovers around the oversold area. MACD is also heading strong down and it blew the current channel as well. I expect to drop to test next channel resistance.
Long Position based on the strong upward trend and the bounce back off the trend support. Entering at: 1.36040 Stop at: 1.35939 Take Profit: 1.36225
After taking some time to lick my self inflicted day-trading wounds I have slowly brought my trading plan in fous and have resolved to get back on track. With recent loses in mind, I took a step back, re-wrote my trading plan and committed myself to the plan. I woke today with the thoughts of playing a rally out of the Euro close into weekly options expiry - I...
Here is a really nice example of the BoT in action. Price had been basing through the overnight session as a wide double bottom was confirmed through the pre-pit open. That bottom setup long ideas and sure enough the BoT came alive when prices corrected to 103.26. I watched price action closely and was very fortunate to act when given the opportunity (wtg Brian). ...