sujithsstorock
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hello need to confirm whether my current thoughts r sound as i am drop dead tired. I want to make flat my short from 900 so i cant sleep until markets closes. i really want to milk this volatility and ranging before it ends.
anyways here goes, its probably gonna test 855 again. if it holds and the markets close, id go long with stop loss around 853. this recent rally for the usd and the ny market is on the Hopes that a rescue plan will pass (probably will) but any delay and that hope turns to panic (rather fast usually) + bad news probably not over. furthermore, with the markets closed and the volatility will die down alot so itll be less likely to break any further and probably gonna head upwards again. if it breaks before the market closes, ill just do the same thing but lower stop loss. with a tight stop loss it a good risk/reward ratio i think. thoughts on my thoughts and thought process?
u can trail ur stoploss to 880 $ n sleep. get in the morning n analyse the situation then