Recent content by Blue Ruin

:rolleyes:

Stop below the pin.

cadchf

...

Someone else should answer this. I have a looser approach to stops than some. I'm already short from a while back, but if I was to trade this I'd put my stop above 96, sell order at 9535. That's just me though. It does compromise the RR a bit.

I think it's Dante having a bi-polar moment.

UsdJpy. Inside bars galore. Down we go, I reckon.

I was referring to this. I get what you're saying though.

Doesn't really interest me. If i see a long entry at 5500 then I'll go long, right or wrong. It's a good level with 38 fib confluence from the rise from 4750. Otherwise, I'll watch it retreat to 4750, which is another great level and the 50 fib from the Feb lows. I might lose 2 or 3 trades...

Keep an eye on crude for the next day or two. Coming back for a look at previous resistance from the top.

Like German tourists, the stupid are everywhere.

I'm short but it's into huge support so not advised. If support fails, however, it fails massively.

Possible cheap entry available now. Bearish IB. Good rejection of 96 but should have another crack at it. Risk:reward is pretty sweet.

Like this?

Cheers mate. The beauty of this retrace is that with such a firm rejection of the bus stop, there is a great option to reduce risk and move the stop under the 8am pin. If one was so inclined.