some days I hit those big moves spot on and other times a disaster - I'm not interested in being a 75 pip a week trader - cant justfy the risk or time involved in that.........
I'm a little groggy so i may be incoherent, but let me try and articulate
price breaks a range and moves a lot - if you miss it, you then look for and compare the relative corrections and countertrend moves for your entry points from the new high or low that is established after determining if trend is up, down or flat. I think it is this analysis that I keep screwing up.
is it the relative corrections and countermoves that has you calling your high/low @ the 135.30ish area (flat trend - havent got your terminology with relative corrections/countermoves handy so I can't explain at the moment)
Am long from friday afternoon near the close
PS - what makes you know when you are just flat out wrong?
I got FUBAR'd fading the 135.00 region around 13:30 EST on thursday by a few pips so I went in short again....thought things were going to break my way substantially and they didn't so I got out at breakeven.
PPS - when i finally crack this with some consistancy, I am going to trade myself to an airplane ticket, hunt you down and either beat you up for making me so crazy working on this riddle or buy you a beer - maybe