Ignored Show Content
closed GJ trades...[sell-all-rallies mode]
uj macd crossing down on the dailies...green pipsIgnored
Opened a GJ sell@ 132.33 about an hour after market open,closed half at 132.03, other half set to BE+3.
Looking for more shorting opportunities if it heads higher. Macd cross confirmed on UJ daily,expecting a major yen move soon.
Still watching for 130.53Ignored
buy signal on GU...closed previous buy @ +3pips....
basically,i've been buying dips....current buy@ 1.5853...SL@ 1.5830Ignored
i believe in the ability of the human brain to absorb large quantities of data, so i'ill just let it all out...
trade ONLY in the trend direction...
buy dips in an uptrend, sell rallies in a downtrend..
not more than 5% exposure, some are comfortable with 3%.....when buying dips, SL below recent low....and above recent highs, when selling rallies...
Scale into the trades, enter in parts and only add to your trades when in profit...(some could say this is common sense)
thats all for today, hopefully i should have some example trades for the week..