Replies to post #136580 on Simple's Green Room

[pennies2007]

SG is one of the best price action analysts I've ever seen. I'd trust his judgement any time, even if it conflicted with my own.

[simplegreen]

Good afternoon quant and the rest..am patiently looking for A/U top to confirm...theres only been 2 H4 candles at the upper trend line test..we're on third one as I type...number 3 is looking bearish at its start so starting too look good for the shorts..hope so since I started short postions at .7240..was expecting .7270 or so but price action suckered me to begin postions early.Will keep my finger near the trigger tho because only 8 hours plus a little may not be enough to satisfy the appetite for long positions for hedgies and big guns.The upper trendline is coincident with a major lower trendline on E/A being hit.If E/A holds and stays turning north we're looking at some good pips short on A/U...I'm only in small...I always start small then build if it goes my way..if against me I give it lots of running room before I consider averaging.
At this point all looks favorable but am not going allin playing Texas Holdem(LOL)..at this point am up 13 pips but still concerned that less than 12 hours is adequate to give rise to wholesale selling of A/U although I HAVE seen a 3rd H4 candle bring it about..I'm big on candle counting I guess you noticed(LOL)