Absolute bounce Warrensapp. H4 Hammer, like I saw and chose to defy. I don't regret keeping my 2 trades going, maybe to TP a 2nd wouldv'e been cautious and a good idea, especially with such a strong TL. I had TP 1 trade today for $176, and got stopped out -$5 and -$8 for the other 2 after being up essentially high $500s, but that's forex. I'm not going to re enter and sell again even though it might now go down. How annoying though. Murphys law.
I wanted to say earlier that London open can be a killer and doesn't like to be left behind, but I placed a SL I was happy with and walked away ( just below where it peaked naturally). Another reminder that trading times have a MASSIVE influence on PA. As a scalper I would close trades or really tighten SL prior to London open, but now I'm trying to hold trades longer I didn't think about it as much. Perhaps a higher SL would have been beneficial with such a big TL being hit but 500 point swing down then back up is a brutal punishment. Grrr
Are things going to get very hectic at the pointy end of this daily flag? Yes probably
Finished the day and week in a profit, met my weekly profit target. I won't trade tom as I'm busy and I find Fridays are bad trading days for me as I find it can be range bound at the end of the week and drains my account a death of over trading cuts. Good luck for those trading tonight. I will pour myself another drink. Thanks Yoda I've opened a Paybackfx account. Cheers
I wanted to say earlier that London open can be a killer and doesn't like to be left behind, but I placed a SL I was happy with and walked away ( just below where it peaked naturally). Another reminder that trading times have a MASSIVE influence on PA. As a scalper I would close trades or really tighten SL prior to London open, but now I'm trying to hold trades longer I didn't think about it as much. Perhaps a higher SL would have been beneficial with such a big TL being hit but 500 point swing down then back up is a brutal punishment. Grrr
Are things going to get very hectic at the pointy end of this daily flag? Yes probably
Finished the day and week in a profit, met my weekly profit target. I won't trade tom as I'm busy and I find Fridays are bad trading days for me as I find it can be range bound at the end of the week and drains my account a death of over trading cuts. Good luck for those trading tonight. I will pour myself another drink. Thanks Yoda I've opened a Paybackfx account. Cheers