well how unlucky we missed TP2 on our Intraday Trade yesterday. It was a case of blink and you miss it and that’s precisely what happened to me. After being catapulted into the long trade and quickly securing TP1, I turned my attention briefly to something else only to refocus my attention after price had kissed my DR-1 target, never to return. Yes we had a break-even trade. Capital safe. The frenzied, almost voracious withdrawal of the next candle, ensured a break even trade however. So guess where they finished the day……………..yep, right where they started, producing another doji day.
A typical Asia session today has seen a painstaking 40 odd pip crawl towards MP which will be a key level today. There is the scent of right shoulder in the air as price action approaches this area so it will be interesting to watch the effect today’s abundance of news will have. The big picture of course still has me bullish and I will be surprised (notwithstanding monumental news outcomes) if our major resistance level is not tested again today. Let’s hope news doesn’t spoil our breakout party!! Pivots are still mixed of course, news, news, news……….anything possible.
As I write this, a beautiful “comb*” has presented on an intratrendline that is one of my Hotspots but the “porcupine*” is right there in my way as is pending news – I will wait until it’s safer to enter. I have identified some nice lines today but my fear is they will be violated before I get a chance to use them, thanks to the lineup of announcements. Patience required until everything settles down today – but that’s ok……….I’ve got plenty of washing to do!!!
Have a good one
Geoff |Certified SurfingThePips.com Trader
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