Price is still south of daily Kumo.
This means above all still short.
The bulls drove price up. But the test for long will need once a daily closing in the Kumo
above the line of 10512. From there it is only short to get out north of the Kumo.
That could happen within the next 2 weeks.
The following user says Thank You to GFIs1 for this post:
..on thin technical equipment and charts right now:
I am sitting on a island in Indian Ocean - near Mike's .io islands
Far away from every larger landscape.
Just ocean around.
.io stands for Indian Ocean and means an archipelago
north east of the Seychelles - belonging to Britain.
Internet here does not always work fast.
Therefore a system that allows time programmed entry,
exit and stops is the best for the "shoestring traveler"
Trading from the beach is really something special though
PS: Time difference: 2 hours ahead of Frankfurt... easy
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Very deceptive today. I had a long entry around 80 but not took it as while a clear uptrend first move after the open was down. I know you are trading statistical rules, its just a market observation, not your system's )
Trade to live. Not live to trade.
The following user says Thank You to xelaar for this post:
No problem so far - I did not go for wider stops...
As said - around 10K price things are not easy to predict.
Can be seen often with lower volume to push price easily around:
taking all stops out +/- 50 points up or down the IB start price.
We are bear Kumo in more undecided area - which shows
some erratic moves.
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