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Re: pennies2007 post# 123288

Friday, 10/04/2013 11:29:07 AM

Friday, October 04, 2013 11:29:07 AM

Post# of 140146
GM pennies........I managed to get closer to even overnight on my most recent G/U short, but still have my original small 1.5893 short underwater by nearly 200 pips. I looked back at this 15 minute chart of yours and noticed that demand line was placed around my line of support resistance. I didn't identifiy a zone there but a line of S&R. Price moved 25 pips below that pinbar low and line of S&R and then promptly moved back up to test it and drop from there overnight. What are your thoughts now on G/U considering the daily chart down to the 15 minute time frame?

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