Why Is The Obvious Not So Obvious?

[MrScalper]

A staircase down...

You are nearly there

 

[MrScalper]

What do you think others are thinking now..and what type of programmes are waiting to kick in?

 

[MrScalper]

Getting close..are you ready to trade..knowing you might be wrong with direction?

 

[_eug_]

I think some stop running algo's may kick in if we get close enough...

 

[MrScalper]

Of course you can WAIT..but you might miss a little bit..the danger here is tight stops might take you out if you trade the first bounce or break..you can look at a few other things for extra confirmation..but it is never a given..nothing ever is when trading..but..this is as good as it gets.. right here and now!

 

[MrScalper]

I am not at my PC..but I bet you there was a lot of big sizes just gone off with that first dip..if it does not rally fast then more sell programmes might kick in..I would be ready if trading..this is a good opportunity.. which must be maxized on if you want to make money

 

[MrScalper]

What do think of bars now

 

[MrScalper]

What level do you think you want to be long above now?

Time to have a look at the daily chart!

 

[MrScalper]

Don't forget to change your long level as price drops..then when it reverses you are ready..if not..happy days

 

[_eug_]

2404 - 2408 seems like a good time to get long. I don't really see much in those bars yet... need to focus more.