Hey Tiki,
I am glad the lights are finally beginning to flicker for you....heres a thought for you to ponder....the way I played this U/C break is I took my initial short position in the mid 115's....I then added more on the next break after consolidation around the 114.80-90 range.....I then added more at the next break in the mid 113's and so on and so forth......I will ride this thing until everyone screams uncle.....if I have a prime entry why in the world would I consider giving that up.....I simply add as it breaks further......the mental switch that has to go off is that it is entirely OK to give back my profit on the initial position in order to really follow a trend if one is developing.....It is a LONG leap in ones thinking, however it is the only way to be there for the really big moves...
Just my way of thinking and trading.....
Best to You and Many Pips
Swingtrade65
I am glad the lights are finally beginning to flicker for you....heres a thought for you to ponder....the way I played this U/C break is I took my initial short position in the mid 115's....I then added more on the next break after consolidation around the 114.80-90 range.....I then added more at the next break in the mid 113's and so on and so forth......I will ride this thing until everyone screams uncle.....if I have a prime entry why in the world would I consider giving that up.....I simply add as it breaks further......the mental switch that has to go off is that it is entirely OK to give back my profit on the initial position in order to really follow a trend if one is developing.....It is a LONG leap in ones thinking, however it is the only way to be there for the really big moves...
Just my way of thinking and trading.....
Best to You and Many Pips
Swingtrade65
Plan, Prepare, Execute, Repeat