After a bad month for me in March, we're now in a new month and hoping for better returns than last.
March closed out with around 2.5% profit, Which has been the worst month for almost 6months.
This new short is also the first trade going into this month.
Short order was taken as price has continued to show more value for shorting than holding at these higher price levels. Prices occilating strength has also shown a break in an area of abnormal prior strength. Couple that with the over the weekend gap that appeared this morning and im taking the punt on that not only will this gap get filled, but it will likely have to sweep lower to shift the EV to a postive for longs as i cant see any real value for longs just yet at these levels.
As per usual i will be risking 1-2% per 1% market movement with no physical stop losses.
Due to my risk tolerence i am able to use visual stop losses over physical.
I will also be trailing these visual stops as price continues to move, in my direction or agaist.
A break of this mornings highs and a hold above will likely lead to me closing the short and reversing the postion into a long.
Lets hope for a better month this month. (average over yearly is around 8-10% gain a month per 2% risk.)
March closed out with around 2.5% profit, Which has been the worst month for almost 6months.
This new short is also the first trade going into this month.
Short order was taken as price has continued to show more value for shorting than holding at these higher price levels. Prices occilating strength has also shown a break in an area of abnormal prior strength. Couple that with the over the weekend gap that appeared this morning and im taking the punt on that not only will this gap get filled, but it will likely have to sweep lower to shift the EV to a postive for longs as i cant see any real value for longs just yet at these levels.
As per usual i will be risking 1-2% per 1% market movement with no physical stop losses.
Due to my risk tolerence i am able to use visual stop losses over physical.
I will also be trailing these visual stops as price continues to move, in my direction or agaist.
A break of this mornings highs and a hold above will likely lead to me closing the short and reversing the postion into a long.
Lets hope for a better month this month. (average over yearly is around 8-10% gain a month per 2% risk.)
Comment:
still holding, visual area of reversal at 18375.1
Comment:
holding until we see the price action at the london open tomorrow morning.
Im not expecting any price movement of noticable size until more volume rolls into the market at a larger lp time, roughly around 8am.
Im not expecting any price movement of noticable size until more volume rolls into the market at a larger lp time, roughly around 8am.
Comment:
stop area now at 18295.7
Comment:
stop area now at 18117.3
Trade closed: target reached:
closed the postion just above the 18177 area at the time of the news release
as per usual, reversed the postion to buy, Check newest idea for more
as per usual, reversed the postion to buy, Check newest idea for more