Entered yesterday and stopped at open today. Still looks good so were back at it. Target a long off. usual stop loss mgmt. Weekly and dai;y stops
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Trade running well, weekly stop moved slightly into profit today. Its a long week leaving 50% of you trade at the original stop loss position. But I'm playing the long long game. Daily stop on Yellow, weekly on red.
Expectations for the coming week are a bounce from the resistance lines. Possibly enough to take out the daily stop. Looking to ride the weekly to the next Fib.
Expectations for the coming week are a bounce from the resistance lines. Possibly enough to take out the daily stop. Looking to ride the weekly to the next Fib.
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Another successful week here for this one. Struggling today to comprehend leaving my stop 20% behind the price action. But my main goal is to check weekly and move stop accordingly. So here we are. Daily stop taken out this week with the early week pullbacks.
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New daily stop. 50% of the original weekly stop.
Feel it has gone far enough and will struggle if it comes all the way back to the weekly stop.
This is a considered reaction which i may regret, time will tell.
Feel it has gone far enough and will struggle if it comes all the way back to the weekly stop.
This is a considered reaction which i may regret, time will tell.
Trade closed: stop reached:
Stopped out of final position at 4.14. Nice long run.