Attached is the hourly chart of the euro. For the past 2 days, i have been insisting that the high of the control bar (marked A) which comes in around 1.4325 would be a good place to long. Just look at the price action around this high (marked with a red line) and also look at where it is now.
All that you had to do was watch the price action and place a buy at 4325 or 4330 and with a little patience , you would have made more than 150 pips by now, as i did. If you watch carefully, the drawdown would not have been more than 15 pips at any stage on this trade and you would have made 150 pips. Thats a RR ratio of 10:1. A massive trade. If you are good at spotting control bars, you would see that the latest control bar's high comes in around 4470 and i would be watching the PA around that for a short.
All that you had to do was watch the price action and place a buy at 4325 or 4330 and with a little patience , you would have made more than 150 pips by now, as i did. If you watch carefully, the drawdown would not have been more than 15 pips at any stage on this trade and you would have made 150 pips. Thats a RR ratio of 10:1. A massive trade. If you are good at spotting control bars, you would see that the latest control bar's high comes in around 4470 and i would be watching the PA around that for a short.
