Already short, if it works I'm looking to take profits off table quickly and trail stops to BE if first target is hit
I actually think we will go beyond this level, but could not resist shorting at a very strong supply level,
Am crossing fingers it retraces 61% of the recent climb which would be a nice R:R trade and give me an opportunity to go long into a long term short again
I actually think we will go beyond this level, but could not resist shorting at a very strong supply level,
Am crossing fingers it retraces 61% of the recent climb which would be a nice R:R trade and give me an opportunity to go long into a long term short again
Comment:
Target 1 hit, balance of trade to break even - at worst a small win overall
Comment:
Mismanaged this trade, did not set my initial stop correctly high was 2933 + 1 + spread which would have been 2933.45, was set at 2931.90
Usually with SD trades I do not trail stops
Was still a winner but an overall 1:1 R:R vs. what the original plan was - which if the final target is hit would have been a nice 11:1 R:R trade = Expensive mistake...
Usually with SD trades I do not trail stops
Was still a winner but an overall 1:1 R:R vs. what the original plan was - which if the final target is hit would have been a nice 11:1 R:R trade = Expensive mistake...