Yes, consolodation is pretty easy to trade, untill it's not. And it's a fact no matter what time frame is being used.
Sheesh, it's been quite a while since I skalped, and think that I have forgotten how to calculate pips. Now, I just watch the dollar amounts.
Dollar strength, well, it's gotta slow down sooner or later. Stock market is over due for a drop, and seems to be in the starting process right now. Actually in consolidation mode for the last few weeks. Gov. will need to spend lots of money on defense & should lead to less money pumped into the general economy. ISIL or Russia not going away any time soon.
Well, made the plunge long A/U, and closed my 5 month long sell E/U. If e/u breaks my support level, I will reverse(re enter), and same with A/U. Actually think now that both could go into a somewhat lengthy consolidation at these levels. Guess time will tell.
Well, gotta turn off my platform & run now. Their are 1 or 2 tiquila sunrises waiting for me.
Regards, and thanks for the reply. As always, your friend stkjunky.
