me still long... price needs to spike up...
IF short is the move then short traders need to be shaken out.. watch and see.... GOT TO GET LONG ENOUGH TO ROOT THEM SHORT TRADERS...
looking at my trdes yesterday with clear non beer glasses...!
high 13161 looking for short
T1=13121, T2= 13081
Price comes down and hits 13126... close enough to create an alert.
Entry at 13132... I always have a 20 - 25 pip stop.... ..
Draw down is about 16pips.
Reason for stop size is I have a target price... and I allow 10 pips above and below... so 20 pip stop is on the outside of y price allowance.
Low is 13113 ... 8 pips below target price of 13121 so I am long.
13113... T1=13141, T2=13170...
High is 13177... 7 pips out.. then a sell from high 13177.
High 13177 short = T1=13133, T2=13089, T3=13044
What a sell shame I was asleep...
Price slames through T1 @ 13133... no long signal, next up is T2 @ 13089
first low is at 13082..long sgnal at 13191.. 20pip stop..13171 gets me 10pips under T2.
Price farts around...with macd creating divergance... I like divergance. actual low is 13079.. 10pip below T2.
possible profit from short run is about 60pips + 30pips from long trade.
Both better than my 26pips and 8pips... but better than a lose considering..
So what did i lern... follow my rules again!
see you all next week and hope you had a profitable week... i did
Monday evening and I used the high 13016... T1= 12987
Low came in at 12990.. 3pips out.
Long at 13011.
Forgot to post when I took the trade as I was reading a the net.
Big gap down over the weekend... my guess we can blame the frogs for that one. General rule is the gap is always closed.... So I liked this trade and am currently +8
