-Primary pattern is a 66 month horizontal range
-Of which as an unmet target of 57.31
-8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries
-Tight bollinger band squeeze on the daily
-An attractive R/R
30 basis points of risk planned
-Of which as an unmet target of 57.31
-8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries
-Tight bollinger band squeeze on the daily
-An attractive R/R
30 basis points of risk planned
Comment:
Big picture
Comment:
Stop buy @ 50.51
SL @ 49.70
TP @ 57.17
SL @ 49.70
TP @ 57.17
Comment:
Stop @ 49.76 prior days low.
Breaking out now but on open 'retail' volume. Still keeping my buy stop above July high as I need that extra conviction for this trade
Breaking out now but on open 'retail' volume. Still keeping my buy stop above July high as I need that extra conviction for this trade
Trade active:
Order filled
Comment:
One of my pet hates is when price plumbs my order in the morning then turns down. It is not a detractor from the setup but always makes me tense to see if price will turn up short of my stop
Comment:
Am somewhat more at ease after today, Still dubious
Trade closed: stop reached:
I was wrong wrong wrong