Quote from CFerret:
Watching 1min... 77 offered a very good shor opportunity with a very small stop...
Quote from BigFunky:
What is your trigger for this trade?
I just can't figure out what would get you in so early on this one. I wouldn't have considered it as a reversal downwards until it broke through the bottom channel, but that wouldn't have gotten me in until 71 at best. Clearly there's a lot of reversal patterns I can't recognise...
Quote from CFerret:
BTW, I have a new experience regarding 1min... If watch it not when price is in "no man's land" between the important levels it's indeed very noisy.
But if concentrate on 1min action around significant areas, then picture becomes much more clear and easily readable and really offers absolutely awesome risk/reward trades with a very low risk...
Very exciting new experience it is!