Since the price only went 5 pips past stopping me out @ 0490 it kind of smelled like a false break over the 120ma. So I went short @ 0483 w/ a 30 pip trail stop and TP @ 0400 as was w/ the original trade.
Now 45 pips in the black but still 30 from TP. P came within 3 pips of the bottom of the channel bottom and this candle seems to have lost it's steam. I'll close on a bullish candle this time, go long to the top of the range.
Ranges are just sideways trends...right?
Now it moving again pushing down the channel. Nice.
Yeoman the "Tough Luck" Trader =p