TraderJoeForex » Tue Sep 27, 2016 7:14 pm wrote:
If I take a view that there's a 50% chance price will bounce up then there are a few things I need to look for along the way.
1. H4 SuperSlope turning blue.
2. There will be opportunities to jump in and out following M15 and H1 SuperSlope on the first part of this journey once H4 SuperSlope is blue but nothing is confirmed and nothing is for sure during this first "wave". Scalping is the word. At this point I know my "view" may well be wrong, I'll be looking out for high impact news and I won't hold losing trades long.
... 1 and 2 played out nicely yesterday into last night. I only managed to take a couple of bites as price moved up as was driving up to see family yesterday. One before my journey and one when I arrived! CSS Superslope was bang on. We are so lucky to have these tools.
I expect price may range a bit today or push a little higher before retracing either tomorrow or start of next week to complete this first "wave" .. then I'll be at marker 3 in my little story which will be make or break for my view with the big "W" and should essentially determine GJ as long or short for October.