Watching for 2895-2910 area for intraday reversal and multiday trend continuation. More specifically, looking for topping reactions at 2895-97 earliest, ultimately at 2903-2909. The 2840-2860 is yet again at play - latest waves over the past four ...

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intraday pullback+retest to 60min high-bar (the reverse hammer) low of 2956 .. should act as resistance now.. further push above 2976 voids that, reverses the intraday picture..

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~2960 zone broke on hourly basis, just to reject a double top and break it down again. Bulls couldn't sustain PA above it. Rangebound market for now, however new multiweek lows by next week probable. Overnight ABC (2821->2994) eg 2nd leg of multiday ...

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Today's trade plan is now pretty much/almost down the toilet (albeit still floating in there, but I'd hate to pull it out anymore)... - as the market's slightly violated 2920 level by a hair and also the hourly closed above 2900, albeit with plenty ...

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Alrighty.. thanks SP. So you're risking <when-they-stop-accumulating> x 100p for a +200pip reward... well if that's your way, so it is. Just, letting it sink into a -300pip hole for the original +200pips target... way beyond my comprehension. Will ...

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..and also curious (if you don't mind) what was/were the entry level(s), when you positioned long towards the 1.33 target? Somewheres 1.30 ?

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SP, what's your specific "proven-wrong" level ?

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Bulls sure have been defending that ~2880 level... if it should break, might do it with gusto and just waterfall down... eh, will miss it then.

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I'll wait for a LL under 2875 myself... then short on pullback(s) - better odds for a trade entry to work, after confirmed reversal...

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Slight HH at 2912, above recent double top at 2904 - now failing. Will confirm upon 2876-2884 breakdown. Same 1st sell signal, just another newer overlapping pattern setup.. Until then intraday's bullish, has been since ~2850 break all day today.. ...

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Thank you, citizen. Advice acknowledged - and, good call

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LOL Tom, I didn't get a turn to play - so I can't be beating anyone or anything. Never been trying to, actually No signals in harmony with the trade plan, so far... In fact, if it hits 10 more pips past HOD, it'll invalidate, so then I've ...

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No, the concrete pattern setup isn't cancelled by strictly hitting the (potential) SL level itself.. the anticipated pattern signal may occur later on, since the pattern is just a static price structure in the chart and remains there - so does the ...

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proper english? sorry, it's not my native language, so you're asking a bit too much from me But you've gotta understand, each trader has his terms/abbreviations related to their methodology and techniques.. cannot thouroughly lengthen and lay out ...

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Appreciate the insight and perspective, kuroro. Thank you. But, with setups/patterns I'm using, rarely need much wider than 15pips to know I'm wrong on the trade attempt. It's just technical - I get a pattern break / signal, if it comes back deep ...

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2862 norm - as in price magnet / bounce area, after breakdown? Ya I've got 2858-64 zone, so enough match. Thanks. Close enough match for that 2857, too.

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Um.. 1) I never bother thinking/supposing/wondering whether if it breaks or not. I have no idea. When it does however - that's my cue along the current price structure. 2) best SL @ 2920, after the breakdown+pullback ? really? 40+ pips?? good ...

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Shorting confirmed break&pb of 2876-81 area now, best SL 2893+. 1st proper sell materializes at that.

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Slim chances. It needs to happen, since that's where the liquidity will boom - think double or triple masses taking action, entering shorts, clustering stops, etc... Would need to hit 3150 again to scratch that H&S completion... - clears the road ...

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in short @ 2884 /w -12p SL ... small attempt, against momentum here, deviating from plan. But tight SL, it's just sitting @ the zone there... EDIT plus one more reason... hitting the area along a 5-wave structure.. best visible on 3min chart..

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