Not to be a smartalec - but define "awhile"? It's headed back up to test the ceiling....failure there will make your destination there more probable. If breached, you're in for a ride.

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Who's your broker?

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Made some nice pips. Now I'm waiting on the retracement on the M5....

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Sweeeeet.

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Yeah, but we've got hesitation at the 1.4727 level.

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There's that positive reinforcement for negative action. Congrats though! You've got balls for fading that......

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Seriously

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About even odds right now. Starting to shape up that way, though....we'll see.

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Give it 30 minutes....then we'll see what's what.

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Precisely why you don't trade around news....anything can happen.

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Are you serious? Someone actually thinks that he's a schill for a signal service? Contrary to belief, X. Oden is just trying to be helpful.

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There are you major problems, right there. There's a natural tendency to watch a trade go against you, and then sit there telling yourself "it can't possibly keep going in that direction, it has to come back to my position"...when you catch yourself ...

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Gator, have they managed to get around the safety issue...I mean pure, compressed, hydrogen and all? Wish they would just hurry up with cold fusion. Ok...back to trading....

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Ditto. Trade the chart in front of you, not what you think is going to happen due to fundies. Nice to be aware of fundies, but price action never lies to you.

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Wow. You're going to get a variety of answers to that question here. Personally, I would never have allowed that trade to move so far against me....and you're missing out on the pips on the upside, to boot. Go with the market flow - not against it. ...

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Since when did I pick on anyone?

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LOL....sorry...thought you were talking about NOW....

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What do you mean? It's still in consolidation on the 1H....

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As you well know, there is no such thing as a "secret plan" - just tried and true methods, plus hard work. There is nothing particularly innovative about the way I trade - it just has alot more emphasis on price action than most. I'll post a chart ...

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If you look at the 1H, you have a downward bias. However, you also have the support below that was recently retested. You really don't know which direction the consolidation will break. In this particular case, a break of the consolidation lower, ...

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