Not looking for price to break this level here, with my .01 position open my SL is at the top and would roughly cost me $250. A win to TP would be $500
On Friday El President came out and said he and his wife has the COVID. Market has opened and thankfully gapped up. I am expecting price to drop. I have been expecting price to return to November 2016 the week of the election where price gapped up which should allow for better selling opportunities. Fundamentally speaking I don't see why price opened up and not down, but that's ok. I am expecting Trump to tweet something which will begin to drop price.
For me risk management is key here. I am only dropping .01 lots as my goal is to swing. One lot open, and I will watch how the market moves before opening up another trade. Maybe I get in at a high price, which lowers my risk, or I wait for confirmation that price is indeed bearish. One or the other will happen.
This is the only US anything I will be trading moving forward.
On Friday El President came out and said he and his wife has the COVID. Market has opened and thankfully gapped up. I am expecting price to drop. I have been expecting price to return to November 2016 the week of the election where price gapped up which should allow for better selling opportunities. Fundamentally speaking I don't see why price opened up and not down, but that's ok. I am expecting Trump to tweet something which will begin to drop price.
For me risk management is key here. I am only dropping .01 lots as my goal is to swing. One lot open, and I will watch how the market moves before opening up another trade. Maybe I get in at a high price, which lowers my risk, or I wait for confirmation that price is indeed bearish. One or the other will happen.
This is the only US anything I will be trading moving forward.