lolo24ca,
Since I am a Scalper....and I am very Disciplined....I have to follow my Rules. As a Scalper....I don't try to Forecast or Predict....what might happen....I only see what I see....at that moment in time. Since the ER....has never been in this price area before....and since I don't use Fib....Elliott Wave....Gann....etc....I don't try to predict what....MIGHT....happen. And that....prevents me from making bad trading decisions. Of course....at some point....the ER and all the markets....will turn....and there will be great longer term shorting opportunities....but until I see it happen....there is no way in hell that I would short this Trend. It may happen today or tomorrow....and when it does....I would make my decision to short at that time. But....since I am a Scalper....I am shorting the market....many times everyday....anyway. I go with the flow....haha
I have been scalping for years....and that is how I make a living.
VSTscalper
Since I am a Scalper....and I am very Disciplined....I have to follow my Rules. As a Scalper....I don't try to Forecast or Predict....what might happen....I only see what I see....at that moment in time. Since the ER....has never been in this price area before....and since I don't use Fib....Elliott Wave....Gann....etc....I don't try to predict what....MIGHT....happen. And that....prevents me from making bad trading decisions. Of course....at some point....the ER and all the markets....will turn....and there will be great longer term shorting opportunities....but until I see it happen....there is no way in hell that I would short this Trend. It may happen today or tomorrow....and when it does....I would make my decision to short at that time. But....since I am a Scalper....I am shorting the market....many times everyday....anyway. I go with the flow....haha
I have been scalping for years....and that is how I make a living.
VSTscalper