Still in this trade but as we're nearing the US session i'm now looking for an exit. If the pattern holds the US are likely to push price higher and i'll be wanting to hop on the long...
Still in this trade but as we're nearing the US session i'm now looking for an exit. If the pattern holds the US are likely to push price higher and i'll be wanting to hop on the long...
..the 50 psych level keeping bulls at bay for now. Stoploss still @56 for now.
Stopped out for another 1%. wk: -2.00%, mth: -2.00%. Waiting now for confirmation on the long.
Well, the long (GU) setup at the moment isn't particularly convincing, so we may see a continuation throughout US. Short order pending again now @6127, tgting 6065.
6127 short filled. EU long order cancelled for now.
Edit: 13:37 - EU long order back in.
Closed GU short @48. -0.70%, wk: -2.70%, mth: -2.70%.
EU long @3933 filled. This will be the last trade today which i'll hang onto as long as possible.
Edit: 15:16 - sl hit so another 1% loss. Tomorrow's another day. wk:-3.70, mth: -3.70%.
Attachments
GU - long 6129, sl 6109, tgt open atm. Guppys on the chart just as a psych crutch
Lots of pivot resistance around the 50 level, so stops to b/e now and will exit for +20, if offered.
Edit: 10:32 - decided to take half off @6150 rather than full exit.
0.5% locked in.
Edit: 10:49 - stops to 6132.
Edit: 11:10 - stops to 6147.
Edit: 11:18 - stopped out for 0.95% (wk: -2.75%, mth: -2.75%)
pocrel
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nice to see you back to winning ways after yesterday ChowClown
very good discipline sticking ncely to the plan:clap:
great journal keep it up
EU - now short from 3948, entry and justification charts attached.
Edit: 13:30 - 50% exit order in @3920.
Edit: 13:35 - stops to b/e.
Edit: 13:39 - 50% order @20 filled. 0.5% locked in.
Edit: 13:43 - stops to 3928.
Edit: 13:44 - stops filled. 0.86% (wk: -1.89%, mth: -1.89%).
Edit: 13:30 - 50% exit order in @3920.
Edit: 13:35 - stops to b/e.
Edit: 13:39 - 50% order @20 filled. 0.5% locked in.
Edit: 13:43 - stops to 3928.
Edit: 13:44 - stops filled. 0.86% (wk: -1.89%, mth: -1.89%).
Attachments
...EU - looking left and we're now at yesterday's key supply level, interesting area to watch and see which way it breaks.
Edit: 14:24 - now at the previous supply level to the last one, so will be interesting to see if this kicks in and fulfills the right shoulder of the H&S pattern developing.
Edit: 15:13 - bulls have it for now, so looking for a long to initially target supply @70-75.
Edit: 14:24 - now at the previous supply level to the last one, so will be interesting to see if this kicks in and fulfills the right shoulder of the H&S pattern developing.
Edit: 15:13 - bulls have it for now, so looking for a long to initially target supply @70-75.
Attachments
...just spotted the fib setup on EU too (for a short), respected 50 and then 61.8 quite nicely before backing off...juicy targets around demand levels c3850...so with this in mind now looking for a pullback to short from, need to leave office around 430 though so might have to pass up the opp as not comfortable leaving ....just noticed the break down!
Attachments
Watch what happens @ the 138.2 extension of this move...
Gives confidence to short in this area as we're into yesterday's supply again.
