EU Watch, Long Trade Update:
The only reason I am still in this trade is that I believed there might be a hard drive down at some point. It was the NY open profs that executed it, and notably so. Time and again, looking back on charts, we see before a strong move a wide price swing, or a notable move in the opposite direction. And this is why it was only normal to think that such might happen again, if believing this was going to start going up. And after a gap up at the week opening, and then a 200+ pip drive down, a turn to "up" did not seem illogical.
So, I ignored my SL (always mental when at computer, and subject to change if not) and stayed with the game plan.
The only reason I am still in this trade is that I believed there might be a hard drive down at some point. It was the NY open profs that executed it, and notably so. Time and again, looking back on charts, we see before a strong move a wide price swing, or a notable move in the opposite direction. And this is why it was only normal to think that such might happen again, if believing this was going to start going up. And after a gap up at the week opening, and then a 200+ pip drive down, a turn to "up" did not seem illogical.
So, I ignored my SL (always mental when at computer, and subject to change if not) and stayed with the game plan.