Same drill, wait for a rush into a good zone and scalp into it from the best entry we can find. Redrew this in here but the candles don't match the one I planned this off and so don't show how I chose this exact level. It can be seen however at this link:
dl.dropboxuserconten...033/gu-top-short.png
We know that price rushed up here last time and got busted down right quick and right hard, so there's bound to still be some offers here and probably building too. My lowest entry order got hit (bid cleared by just about a pip or two) and it turned right around and dumped for 30 pips. Again the name of the game is to sneak in off great levels and try to catch low risk high reward free rides. The key being finding big crisp levels. And if my stop gets hit, no big deal.
update: Overnight showed it did not drop below '55 so I closed and took profit on remaining. That usually means bulls are happy to stay in their longs and they will be pushing up the next day.
dl.dropboxuserconten...033/gu-top-short.png
We know that price rushed up here last time and got busted down right quick and right hard, so there's bound to still be some offers here and probably building too. My lowest entry order got hit (bid cleared by just about a pip or two) and it turned right around and dumped for 30 pips. Again the name of the game is to sneak in off great levels and try to catch low risk high reward free rides. The key being finding big crisp levels. And if my stop gets hit, no big deal.
update: Overnight showed it did not drop below '55 so I closed and took profit on remaining. That usually means bulls are happy to stay in their longs and they will be pushing up the next day.
Trade closed: stop reached
Trade closed manually