Waiting for the trade to come to me but it’s not coming this session. Meh.... NFP is never a good day to trade anyway.

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Bottom of the level being tested now.

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Price action and the arrival of NFP today is going to mean some erratic behavior. Bias is to the downside bur current price action could even be suggesting a pullback to 1180-1190 which would be fairly significant

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Once again, US session gets the move from yesterday. Indeed yesterday was a level and not a stop hunt so we can see more down side from here. maybe today EU session will get a trade that actually travels some distance. looking for reasons to sell up ...

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Price typically doesn't hang around down here for this long and not be a level. Bailing out.

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If this is indeed a new level and not a wild stop hunt then you are right. Really that’s what’s up for debate. That said I have a long on from under 1200 so we’ll see what’s up shortly.

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Certainly it took it’s time. sorry if you were suckered into the short. But there are reasons why it’s going up... ...and patience, your horizontal lines are all wrong. I’ll give you a clue though. One should be at 1230.

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If that’s correct, then what happens next will resemble price action from April 10 - where that was almost certainly the case.

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The question to ask is if this is a new level down here or if this is just an excessive stop hunt based off a news release

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I’m on the buy team here. Sold prematurely yesterday. If price holds above 1190 we’ll go back to where we were yesterday

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Either the market is rigged, or it has a predictable business model. One or the other, and perhaps both.

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Stopped out by 2 ticks. clearly there is more headroom before dropping

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Knock knock, it’s Yogi bear!

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If we don’t climb above 1229 during London open then we’ll probably roll off back down until another session where it will try going up there again

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Anywhere up by 1229 and beyond is bear zone

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No drop yet, but we can’t be far off. Price levels here aren’t all that big.

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Going into a buy trade as you know it’s going up has you buying at the high of the day. What’s to stop the market turning around on you as you pile on at the worst possible entry of the day?

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That’s called gambling, not trading. wouldn’t it just be better if you could spot opportunities to exploit the market rather then gamble on where it might go? patience is something we all struggle with. We all want to make money NOW and that screws ...

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We are in that wonderful place called the middle of the level, or fair value, or two-way trade. The real world condition of not having an advantage in purchasing anything because there’s no profit margin.

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We are going up — eventually... but that doesn’t mean buy here. It means if you buy it could drop down further than your entry. It doesn’t mean go short either, because they could just decide to fly upwards against you whenever they like in the ...

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