I took this one for fun when the 4hr pin was setting up. I have been waiting to get out at BE and ride the next move down as per CJ's advice. My entry is terrible. Just an afterthought to learn with entered from my phone. It is teaching me
That pin and your post had me smilin for a second. They started trapping bears shortly after that pin. Price never returned to give them a chance. There is a nice zone coming up where we could turn. Maybe below 125.00, maybe with a burst to stick bulls on a false breakout above 125.22. Heck they could line something up with the daily. At that point they will have tortured me sufficiently to teach me a lesson.
The truth remains that there are many weak bulls who haven't had their resolve tested yet. The fox is coming for them. It just needs to burn us dumbasses who took it short early first. I'm playing this loose and small. And I ain't posting a loss to screw up my perfect week.
I'll take posting a green arrow over a trade with a poor ill thought out entry every time. Fact remains I would have taken that pin all day long. It was placed there to suck us in. The fox knows we are stuck there. I should have stuck with my first notion of lack of knowledge of the fox's intent here, and waited for further confluence and direction. These foxy bastards are good teachers.
Someone will steal from these weak bull mofos, just a matter of time. Couldn't pay me to get long here beyond a scalp, so I will take my beating like a man. They can move this one back in a blink during franky or London. But we could stall through NFP or they could use that to put the serious pressure on the stuck shorts. But it seems unlikely. Asia will run it down to the 60's but leave us pinbar pricks stuck until Franky or London set a direction.
Good one to learn from regardless. I'm doin homework as well, but here I am waiting.
Mike
Reading the dark heart.
The USDJPY looks pretty toppy too..
