Disliked2 of 3 long positions filled in my buy zone. Happily daydreaming of yellow daffodils, double rainbows, eating organic strawberries all the while contemplating the concept of time itself. RENKO BRICK SIZE = 9 PIPS {image}Ignored
At the moment price is sitting at WR1 resistance (124.06). The next obvious resistance @124.50 should prove to be a formidable obstacle for the bulls. Both WR1 and MR1 are in that area.
My system rules say, "There shalt not be any losing trades if price reaches the yellow 33% FIBO". Micro management starts now. With 3 positions roughly +63, +87, and +108 pips it's time to book some profit. Any positions left as runners will have SLs moved to BE.
Draghi speaking tonight, US PPI and retail prints in the morning. Better not get too greedy, especially since news/speeches rarely benefit my trades.
Safe trading to all
RENKO BRICK SIZE = 9.2 PIPS (10% of 20 day ADR)
Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
13.3%
2