We had a nice rush up into our level and got our entry right under the LBR with a stop so tight it squeaked ;D As usual we're scalping our way in from higher time frame levels trying to get low risk entries at sweet spots so we can get break even stops in that won't be whipped out quickly - then get settled for the ride. News drove us up here (btw also the 38.2 fib of the last major leg down if that's your thing) and as we're still in a downtrend and it doesn't look like the bulls are feeling frisky as yet we just might get away with it. 1st target is the prev range high 0.8835, then prev range lows and we'll work the trailing stops after that if we get that far.
Trade closed: target reached
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Comments
xologeis
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And when it keeps going we keep adding and taking the ride - starting to go parabolic now but that's fine, all profit.
xologeis
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Follow up on the 20 minute to show one way of adding as we keep stepping down.
xologeis
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And we just keep adding and following it down until it shows us different...