MTGOX:BTCUSD Bitcoin / U.S. Dollar
The OTE Short sweet spot tag earlier today (847.52) represented an excellent shorting opportunity considering how far down the current 2hr OTE long sweet spot is ($580). As added confirmation, the trade itself setup off a nice momentum divergence. The fill took less then 9 handles of heat (where accepted risk was up to 40). The trade did take quite a while to come to fruition but it seems that once again patients and discipline pay off. Had I run a 2 lot, I would move my stop on the remaining 'runner' to break even and just see where the wind takes us.....like I said earlier, the 2 hour OTE long sweet spot at the moment is around $580!