Yes, it could be just a fresh round of selling.......... Up, down, sideways - That's the directions available to us. I have had a bullish outlook from 1240 in early February
Feb 2014 + 6.56%
Feb 2013 - 4.99%
Feb 2012 -1.61%
Feb 2011 + 5.66%
Feb 2010 + 3.26%
Feb 2009 + 1.53%
Feb 2008 + 5.35%
Feb 2007 + 2.67%
Feb 2006 - 1.61%
Feb 2005 + 3.49%
If price drops from here and we go south of 1190, I will reanalyze my bullish bias, like I said it has been wavering as of late. But selling at bottoms and buying at tops not my cup of tee either.
And yes, in my opinion the Asian sessions is generally more manipulation and noise free. 2 of my temporary take profits is at 1230 and 1250. Will change and adapt with price movement. I have enough open positions to cover myself if price drops from here.
I post my charts from the mindset that the right viewer of them can integrate, adapt or improve them for their own systems. Nothing here is set in stone. We play probability, not certainty and these are mine................................
Feb 2014 + 6.56%
Feb 2013 - 4.99%
Feb 2012 -1.61%
Feb 2011 + 5.66%
Feb 2010 + 3.26%
Feb 2009 + 1.53%
Feb 2008 + 5.35%
Feb 2007 + 2.67%
Feb 2006 - 1.61%
Feb 2005 + 3.49%
If price drops from here and we go south of 1190, I will reanalyze my bullish bias, like I said it has been wavering as of late. But selling at bottoms and buying at tops not my cup of tee either.
And yes, in my opinion the Asian sessions is generally more manipulation and noise free. 2 of my temporary take profits is at 1230 and 1250. Will change and adapt with price movement. I have enough open positions to cover myself if price drops from here.
I post my charts from the mindset that the right viewer of them can integrate, adapt or improve them for their own systems. Nothing here is set in stone. We play probability, not certainty and these are mine................................
. Trend still slowly up for me. A little more volume & 16.70 can be broken (though today's candle doesn't bode well) but still stuck in the Western central banks vs the rest battle so the smackdown is possible at any time really. If we get smashed under 16.1 - 16.2 I'll certainly have to reconsider but still long for me for now. If it holds then near term 17.30 to test central bank manipulators steel there again & longer term 18.50 - 18.80, depending on how long we take to get there. Lets see where we stand in May.
