Originally Posted by mpower

Definitely enjoyed the ride on that g/j trade. Hit my t/p at 200.41, but there were no signs of reversal at the time whatsoever....Never learnt to ride my trades, but this time it was not that bad:-)
The book says that the "dead cat bounce" has a high failure rate, but I think it makes a lot of sense and it might be especially useful after news anouncements, as it is common for the price to drop(for ex.) retrace and continue dropping--seen it so many times after NFP. We'll see.
Thanks for pointing out the diamond on usd/jpy M30, never noticed it.
Check the screenshot, I think we have a dragon at the same time(have to re-read the rules for that) sorry for the messy screenshot.