GU coming up to 30 mins with no breach under low of 6402 - favours more scalp buy - but now need over 20 and 23 to hold on
Hi guys
Only here for 15 mins - swopping car's over with wife so I can give my daughter another driving lesson ( scary)
I posted GU comment above at 10.01 am - approx 2 hrs ago
Gu price was than at 6413.
I said over 6402 favour more scalp buys - we go to 6402 at 10.16 and then It was do you scalp buy again?
If you followed me you would think if I buy at 6402/3 - F would need 5 pips stop
So if you did buy at 02 or 03 - you only needed say a 2 pip stop - as after then price went to 64236.
I said hold scalp buys on over 20 and 23 - but as you might guess - i would have taken 70% off at 20 or 23
That would give you say 20 pips from a brilliant entry and a RR of 4
On a 1% stake - ( i would be under that on main account - thats a 4% result
Whether you hold you 30% stake on is really up to you - but if you want you could still let it go back to entry - and make a profit on the trade - as your 70% win is over twice you 30% stake.
With regards to the comments - no problem - I will try and accommodate more etc - but I do think after a week or so following me - you will be watching your clock or stopwatch - like I do and you will then be reading me - before I do anything ;-))
Back again later ( need to now find my crash helmet )
Regards
F