The Dow had a massive day . I just closed this trade for 175 ticks profit .
I couldn't find anywhere logical to trail a stop under and wasn't willing to let 175 ticks go to nothing, so I just closed it , left a potential 25 ticks profit on the table but a decision I stand by .
+£175 .
Account balance : £1335
Profit:£335
See top of pic for evidence (Nikkei trade still open and +79ticks onside)
Nice! Good job man!
I agree with your decision to close the trade if you were in a situation of uncertainty (where to trail). Though I don't really like trailing stops but I have used them in the past.
+£175 in the bag!
Beautiful!
What's your next move?
Hey mate .
Next move is to look for similar setups. The Nikkei trade is in a nice spot and I do feel the indices are due an exhaustion move/push the next day or so. I can't see anything worthwhile forming that really warrants risking capital . Though the orange juice futures have a nice flag lol.
But nah, just manage the Nikkei for now and wait and see what materialises . No rush . Work is getting busy anyhow :smart:
ps any traders interested in swing setups like these please pm me and we can maybe get a good Skype group set up (calling out lee and darktone)