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  #2445 (permalink)

Trading Experience: Beginner
Platform: SC
Broker/Data: Stage 5
Favorite Futures: ES, 6E, sometimes NQ, and occasionally CL
jackbravo's Avatar
Posts: 1,330 since Jun 2014
Thanks: 4,180 given, 2,372 received

Looks like FOMC was bullish for Euro. Pullback to the consolidation take off point, closing above the uptrend line. I think this is a 2nd chance entry (rather than a failure of the uptrend). Will be looking for entry at the close of the last blue bar, targeting 1.1560 area

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2. Anything can happen in the market, including:
-market stops you out and keeps going to unimaginable levels
-market stops you out and reverses direction to hit your initial target
-market hits your target and keeps going to unimaginable levels
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