GU, short @5871, initial sl 5895, 1st tgt 5850ish
GU, short @5871, initial sl 5895, 1st tgt 5850ish
Cancelled.
Edit: 13:09 - EU looks to be on the 'switch' here, so another long order placed above the RN @05.
EU - long from 3905, initial sl 3885, 1st tgt swing high @20ish, 50 looks a useful 2nd tgt.
Stopped out for -1%. Wk: -1.31%, Mth: +0.55%.
1st tgt hit but will wait and see where the current 15min closes before scaling out, if at all. Want to try and make the trade work a bit harder.
Happy to hold onto full amount for now, equity futs and cable also strengthening.
...will take all off at 3950 if it gets there.
Edit: Exited @49. +2.2%, wk: +0.89%, Mth: +2.75%.
ZEW data lifting EU, will enter long should the switch hold above 30.
Filled, 1st tgt around 5800, initial sl 5854.
Long order @3953, initial sl 3932, 1st tgt 3970.
Edit: 10:31 - will move order to better entry assuming switch holds.
...if this goes to plan there's a fib extension tgt from the hrly GU chart which coincides with yearly and monthly levels @5665-5675, it will probably reach this level, my challenge is to stay in long enough.
Edit: 10:42 - my GU signal is still short even though equity futs are rising and EU is gathering strength again...times like this I want to bail but must stick to plan.
Very poor CBI report acting as breakdown catalyst, trade still all in for the time being, want to ride this one as long as i can.
EU entry setups abandoned for time being - full attention on the GU short.
2nd tgt 5755.
