Lol yeah, the price has come off the 655 high so hard it could swing right back round. The markets can act like a petulant child sometimes and standing strong can be difficult.
Note that yesterday Cable had two distinct ranges and oscillated with a high frequency inside them. Despite calling the two bottoms and top with fair accuracy my trades were 0, -6 and +6 for the day, imagine the day I would have had if I waited for the range breakouts!
Price is hovering around the 640 zone. 15M chart RSI just touched Overbought, Stoch just left OB zone which suggests a move down but this move off the highs could be it. Hourly, breakout above triangle and 100SMA but stoch is approaching OB. I'm not closing this trade until it hits my predefined SL at 609 since the market has constantly mocked me by retesting highs/lows after my exit.
Note that yesterday Cable had two distinct ranges and oscillated with a high frequency inside them. Despite calling the two bottoms and top with fair accuracy my trades were 0, -6 and +6 for the day, imagine the day I would have had if I waited for the range breakouts!
Price is hovering around the 640 zone. 15M chart RSI just touched Overbought, Stoch just left OB zone which suggests a move down but this move off the highs could be it. Hourly, breakout above triangle and 100SMA but stoch is approaching OB. I'm not closing this trade until it hits my predefined SL at 609 since the market has constantly mocked me by retesting highs/lows after my exit.