My stops were above the trendchannel and the 2280 saturn resistance, so got stopped out for a 10 pip loss .
trick is to scale out your risk when the trade allows it. I started with a 50 pip risk and scaled out to 10, as I believed that when price breaks those levels the setup is invalidated. Well, that happened, so good trade, no payoff.
Here is a tip for traders block: Trade your plan, no matter the outcome. Then it is always a good trade.
Anyway, following chart is now valid, watch the cycle lines, again today they are spot on...eventhough today is a lot more tech driven...
trick is to scale out your risk when the trade allows it. I started with a 50 pip risk and scaled out to 10, as I believed that when price breaks those levels the setup is invalidated. Well, that happened, so good trade, no payoff.
Here is a tip for traders block: Trade your plan, no matter the outcome. Then it is always a good trade.
Anyway, following chart is now valid, watch the cycle lines, again today they are spot on...eventhough today is a lot more tech driven...