At a minimum s/r 68. NC finished last week between S/38 and S61. This week it struggled to try and break below S38 and then reversed.

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There's a few general rules I apply keeps me out of trouble. 1) Only sell above and buy below WP. 2) If previous weeks price ends in outer levels, and cant break beyond R/S38 of current week, then get out. 3) Keep an eye on recent levels. image

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You can find MT5 indis here url and here: url

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Here's another example of what I mentioned in previous post: url NGAS dipped deep into extreme levels last week, failed to break below S38 this week and reversed. Love trading NGAS, as each pip profit is 2:1 image

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And that's the key. These A+ setups happen all the time. I've found such setups watching for end of week "Late Markups" into extreme levels. In the new week, I watch for them to fail to break above the 38/61 levels "Distribution" and then "Decline". ...

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If one is trading the weekly/monthly then these events may not impact your account. That’s one of the reasons I will rarely hold trades past the daily close. When the weekly reversal happens on a key pair, I’ll pound it hard and get out. I may leave ...

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IMO, the natural progression would be futures with either AMP or Stage5.

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Yeah man, Happy Birthday and best wishes to our unwitting mentor!

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The bigger the run, the harder the fall. Lets see if this snaps back with tomorrows CAD data.

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Its also good to keep an eye on GOLD when trading any XXXJPY pairs. Often due to the Yen Carry Trade, PA will mirror. image

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That's not what i was saying at all. AJ showed there were previous lows that could be tested, blowing thru the weekly S100. EC tested previous highs and blew thru weekly R100. The problem people run into, is using these levels as hard confirmations. ...

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Heres the problem, get in the habit of looking left on the higher TF's for trouble areas. AJ may have a bounce soon, EC blew thru the previous highs. image image

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Im sure some are getting nut kicked after yesterdays FOMC banga lol. On a side note, i find it keeps me out of trouble trading WTI and Natty on the 5M candle, with fib pivots set on 4H. Trade the distribution/decline only is there's a late markup in ...

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PA is choppy af today

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Your're joking right? url

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Index's yearly candle's look like image

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Exactly this. If anything pivots will keep you on side with the basic rule of buying at support, selling at resistance.

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Were you guys unaware what today was (FOMC) and what affect it may have on the market?

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Not really, this was all happening during Fed Powell speech and Q&A. Indexes were crashing affecting USD. CAD wouldn't be affected. Edit: When Indexes crash, USD rally's sending XXXUSD pairs south.

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Two of my faves Natty and Gold ready to go... image image

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