JI
jimkane
Rep: 3,058
Posts: 33,089
T minus 5 minutes and counting... But we already have some indications from the spot FX market.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, there's the new low for the entire move. Watch how it acts with this 1.460 rollover here, to see if that may be it, or not.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, well, it's probably a crazy read, but I'm very short-term long side bias in here. We'll see how that goes.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, as it turns out, so far so good. The stop could be moved up in here already, in my opinion. It may not do any more, but on the chance they really came in, all those dips there gave the chance to position what I thought would be quite well.
JI
jimkane
Rep: 3,058
Posts: 33,089
Would like to see it follow through more aggressively here in this critical area. This is a time for caution, keeping a close eye on this in case it rolls.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, back to the TL and up and over the high for the move. Caution is critical here, in case they are scared of the session high and sellers come in.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, this may be done. Watching the .382/.447 and line area to see if they come in.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, the .383/.447 and line was tested twice, with an initial reaction on the first try, and then it gave way. Upside bias done. It was fun while it lasted. Check, fold, check. It's the way the probability player plays. Got to be positioned when you think the odds favor something happening. Now I see if this will chop in the low end of the range, as per my intraday theory, or if they will sell this to the next level now.