Libertarian wrote:Short off the daily EU high, sister pair doesn't look as good, but at least a momo/zl setup is forming on there. Its 10:38 here, setup looks good, but I won't be able to monitor this but every 4 hrs as I have to sleep. For anyone who trades this style, how do you guys manage it? Stop is 16 pips. I like this setup early in the day because I entry usually coincides with daily color as well as from the highs. If it gets too far away you end up trading against daily color.
Review, price move thru the ZL and BO, above the daily open. The problem it seems these days, is that when its a real move, you don't get a wick, or much of one.