Ah look another momentum bar, so this was just a regrouping, they got the courage and the reinforcements to have another go, let's see how many of them are left on the ramparts and how well stocked their armoury still is.......

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Ah well, I've had my fun posting here for a bit, going to have a coffee break.

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And here we got all 3, the ramparts are holding, the pitch thrown from the towers has scared away the hunters for now. Now you need to judge to see if this is just a retreat to regroup or are they moving away from the battlefield all together, how ...

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Price patterns, momentum, range breaks, there are loads of ways to tell that a fight has been lost. A bit of news always helps too.

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We know some traders want that 52, why and how do we know that, we did not see a "wet cat of an electric fence" bounce, that is telling us that we did not see and en masse change of play here, so the opportunist are now joining the little herd here ...

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And guess what, there is none, so guess what, yup we are still sitting here forming a new range, one battle was won, 52 held, now we are on to the next battle to see who is going to win the war. A war it is, there is money involved. Now you gotta ...

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And here is your answer, look at your 5, what do you see, yup a momentum bar created by the traders gunning for the stops, giving up the fight and the stop holders protecting them, job done. Now we need to know whether those stop gunners just gave ...

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Now ask yourself, what is it going to take for traders to give up those stops. We either need a change of sentiment that made them put the stops there, there is loads of them from the afternoon session yesterday and the Asia session overnight, and ...

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At least hopefully now you know for the next time not to short it 15 pips before a similar setup. There is still lots of jockeying for position here at 52, everybody and his brother is eyeballing the stops that are right here. We all know they are ...

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PPI in 1

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Not me, not yet, nothing has been decided yet. I don't assume, I assure. We didn't get a wet cat of an electric fence bounce and have a failed momentum bar on the 5, no shorts out of this test just yet.

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It is right on your charts, we're all looking at the same thing.

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So lemme get this straight, you are anticipating a break of the range with a major bullish trend to follow based on your believe???? I am more of a "I'll trade it when I see it" kind of guy.

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Nibbling.

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Major bullish action? We have been stuck in a 80 pip range for 20 hours, I wouldn't call that major bullish action.

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Easy there, we came all this way and have 52 above here, may as well have a nibble first to see what gives over there.

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look at the 15 I posted, that's why. Traders are looking at each other to see who is going to blink first and show his hand. Till then we are waiting for the big ticket items. We may get a runner once one has an inkling what is going to come out and ...

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Nothing bullish at all, we are in a range. Learn to recognise it and play it. Don't go getting all excited that you "long" just happened to work out in a range, that's not a system. You got lucky, stop gloating.

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You recognise what we are doing, where we are. Don't worry about the why, just use it to your advantage. The market is "hovering" so just wait for it to stop "hovering" and bingo, there you go. It is that simple, unless you are good at spotting a ...

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