There were lots of opportunities today, but I'm taking things easy and just getting a feel for the market again this week before ramping up my aggression next week...but there was a lot of money that could have been made today.
I took 3 trades today:
1. GU - touch trade (RN, fibs, TL, PPZ) @1.5995, SL 1.6045.
Exited at daily PPZ @ 1.5885 +2.20R
2. GU - Inside Bar gave a further opportunitiy, entry @ 1.5977, SL @ 1.6015, exit at daily PPZ 1.5838 - was obvious price would bounce here as YM, oil and gold were all at support levels and its was in the profit taking part of the day.
+3.66R
3. GJ - 4HR BUOB entry @ 131.58, [email protected], exit @ 131.96 +0.39R
Total + 6.25R
There were defintley some false signals this moring with the $HR BUOB on GU and EU for example, but with how proce moved yesterday I was pretty confient that rsik aversion woud continue today. I missed the easiest trade last night which was the NU daily pin (turneed my bakc for 5mins on something esle and it had gone!) ...it was also pretty clear that gold and oil were gonna fall what with the China data meaning chances of further monetary tightening is high which is bearish for commodities and thus why AU andn NU fell so much today.
I took 3 trades today:
1. GU - touch trade (RN, fibs, TL, PPZ) @1.5995, SL 1.6045.
Exited at daily PPZ @ 1.5885 +2.20R
2. GU - Inside Bar gave a further opportunitiy, entry @ 1.5977, SL @ 1.6015, exit at daily PPZ 1.5838 - was obvious price would bounce here as YM, oil and gold were all at support levels and its was in the profit taking part of the day.
+3.66R
3. GJ - 4HR BUOB entry @ 131.58, [email protected], exit @ 131.96 +0.39R
Total + 6.25R
There were defintley some false signals this moring with the $HR BUOB on GU and EU for example, but with how proce moved yesterday I was pretty confient that rsik aversion woud continue today. I missed the easiest trade last night which was the NU daily pin (turneed my bakc for 5mins on something esle and it had gone!) ...it was also pretty clear that gold and oil were gonna fall what with the China data meaning chances of further monetary tightening is high which is bearish for commodities and thus why AU andn NU fell so much today.