No effect - Bonus!

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ADP was negative for US data - very little impact on PA at the moment. Two additional news releases in 2 min

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As the 5M did, retraced to 23.6, went down hit pivot retraced to 23.6 again. here the 15M retraced to 23.6, hit S1 and is bouncing back up. Any takers to which level it should retrace to?

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to the 23.6 just shy of the 200

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Glad to help! Good to see you grasping the "style" gotta say I am having a bit of a proud moment! Glad I am getting through on some level!

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ADP Non-Farm Employment Change US in 36 minutes

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Now let's see if the 15M fllows the 5M lead on the retrace level. The 5M retraced to the 23.6 twice

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RSI dropped below 50 and is touching 40. A dip to the 30 introduces bearish outlook

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NuNix - have a number in your head that you are willing to "keep" in the bank. For me it is 10 pips. If a move allows you to lock in 10 pips, then move your stop to lock in 10 pips without closing the trade. As the move progresses, your +10 pip stop ...

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A few traders really steppin it up in here! I'm lovin the progress!

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Just got taken out at +10 pips. next obstacle is the 200 on the 15M

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And another retrace to the 23.6 on the 5M

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Cancelled my add on sell stop as it was only 3 pips above the 200 on the 15TF

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Mr. Pip - that "V" is coming brother!

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I've placed an add on sell stop 3 pips below the daily pivot

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No it means if it retraces to the 38.2 and turns down it opens up for further bearish implications in that time frame. Now that we cleared an obstacle on the 5M (the 200 SMA) for the time being, go to the next higher time frame and look for ...

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If there is room to fall here, drill up to the 15M and watch the 200 from there. If it pushes through the 200 on the 30M believe this will open bearish outlook for the rest of the dayh

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Would love to see a retrace to the 23.6 or 38.2 level only! Any higher might indicate that the bulls are plenty alive! Notice the RSI?

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Very interesting that price broke through on the 200 AND the lower trend line

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I posted the earlier chart in such a haste I didn't notice that my sell stop was in place. I was just triggered in on that sell stop. Quandry: are the bulls finished? Is this a result of emotion from the news release? I paid no attention to the fact ...

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