We bought Silver up to the top!
Now we have a retest of resistance and we are looking to sell this one!!
We are not yet touching the tip top of the wick from the last move up on the day chart but we are darn near about to touch!
Plan....
I have a sell limit order at the top of that wick with a very small stop loss....
I have also opened 2 sell orders that are very small with a bigger stop loss....
I plan to hold this trade over the weekend and through nfp because im trading it very small small!
This is a counter trend trade idea but it does have the reversal pattern!!!
The Reversal Pattern is called the Double Top!!!
Now we have a retest of resistance and we are looking to sell this one!!
We are not yet touching the tip top of the wick from the last move up on the day chart but we are darn near about to touch!
Plan....
I have a sell limit order at the top of that wick with a very small stop loss....
I have also opened 2 sell orders that are very small with a bigger stop loss....
I plan to hold this trade over the weekend and through nfp because im trading it very small small!
This is a counter trend trade idea but it does have the reversal pattern!!!
The Reversal Pattern is called the Double Top!!!
Comment:
Sorry... I meant that the plan is to hold my small positions through the week and through next week!
Comment:
I closed this trade just now!!!
We are in massive profit and I fear a large retracement
We are in massive profit and I fear a large retracement
