In retrospect of the trade that I took, here are my thoughts. I got a little lucky there. Perfect exit! On the GJ price was engaging the daily pivot. It penetrated but did not break. This was a pretty big price rejection which in turn moves the EJ as well.
Also the 1hr chart is climbing up like crazy. The 4 hr market flow is STILL down and will be up until 161.50, Long way to wait.
The trade that I took was counter trend so minimized any profit potential.
IF price has broken GJ pivot and EJ made new swing low on 1hr, my prospects would look a lot better.
"So i might try to get in behind with with a trailing stop and get some extra yardage. "
This changed when price was rejected and closed above GJ pivot. one reason. also there was a lot of indecision in the market. So I decided to take what I had when I had it
Anyways. I will try to keep them coming. And like pink floyd says
"Is there anybody out there?"
Also the 1hr chart is climbing up like crazy. The 4 hr market flow is STILL down and will be up until 161.50, Long way to wait.
The trade that I took was counter trend so minimized any profit potential.
IF price has broken GJ pivot and EJ made new swing low on 1hr, my prospects would look a lot better.
"So i might try to get in behind with with a trailing stop and get some extra yardage. "
This changed when price was rejected and closed above GJ pivot. one reason. also there was a lot of indecision in the market. So I decided to take what I had when I had it
Anyways. I will try to keep them coming. And like pink floyd says
"Is there anybody out there?"