Channel done its magic again! Entered shorts based on channel yesterday. I am taking profit now as not to be greedy. Nevertheless, will be waiting for more shorts opportunity at higher levels or break of channel.
Trade safe everyone.
Trade safe everyone.
DislikedI shorted at .3050 because of the channel. I traded because of my chart. Any chart to support your views?Ignored
DislikedHappy New Year to all, this is my 1st trade for year 2012. May it be fruitful for a good start.
Channel in the play, I am a faithful channel player. Shorted at the upper channel at .3050. Old resistance line at .3069 gave me the additional confidence. I will be adding more shorts if the resistance line are touched.
GL to all.
http://i1116.photobucket.com/albums/...SD03012012.pngIgnored
The true fact is market doesn't care, risk mgt is important.