That's what I do if I'm expecting a breakdown or a breakout near lows/highs, because when it happens it happens fast, and when it fails, it usually reverses pretty quick.
better guide it with fundamental reason, otherwise just like a gambling
Quote from NoDoji:
Quote from cstfx:
So if it ain't happening fast, get out? [/QUOTE
That's what I do if I'm expecting a breakdown or a breakout near lows/highs, because when it happens it happens fast, and when it fails, it usually reverses pretty quick.
So I'm aware that the technicals are beating the fundamentals in this market, and I know that a break through .67, especially after the 11:55am bar closed above the rising 20-bar EMA, was bullish, and did I trade that setup? No. Why? Because I thought the fundamentals were too bearish. I need to get over this problem