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I wasn't asking for personal advice. I saw a nice real live situation present itself while I was flicking through my timeframes and said- Hey this would be a good lesson for others to try and figure out as well.
Since it was a real-time, live edge chart(s)- my basic question was if you were sitting there, you saw what I posted, what would you have done? I may have gotten a range of answers such as:
A. I'd wait for a higher volume downward move through the 1.97 area and confirm to go short
B. I am a scalper and I would have used the 1 hr chart to go long, watch the bars form and manually exit.
C. I would have done nothing since their was low volume and it was the Asian Market.
It was more of a curiosity as to what others see when looking at the very same information. Guess I was just curious. I made my trade, banked $ and was happy. Guess I thought others may have seen it totally different and taken their own path.
Sledge |
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Sledge, just ignore BF. He comes in once in a while to stir it up and tell us all we can't possibly make money with what we're making money with. I post some of my trades, Eiger posts his trades, Tawe posts his trades. All making money.
It must just be slow in the candlestick corner today so BF steps out of his comfort zone. I'd much rather hear BF gives us some constructive advice because from what I hear he's a good trader and uses volume with candles.
If you ask what to do about a trade there really only are 3 things to do, long, short or step aside. I didn't see my setup in your example Sledge so I would have sat on the sidelines.
Sledge, the pros that control cable do sleep
