I have opened a buy at the ma 21 on the 1 hr.
The 4 hr is looking like it could make a move higher and the daily is showing a large bottom on the williams vix.
I am a little late posting this idea it is moving fast but if you are going to take this trade I recommend placing your stop just below the sma 21.
The 4 hr is looking like it could make a move higher and the daily is showing a large bottom on the williams vix.
I am a little late posting this idea it is moving fast but if you are going to take this trade I recommend placing your stop just below the sma 21.
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The ss on the daily is also looking weak and pointing into the future cloud which is often a sign of a fast move against trend.
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Looking to exit around the 1280 mark but I will see how strong the move is and try and time my exit as best I can with price action.
Trade closed: target reached:
Ive closed this trade and taken profits as it is trying to hard to break that level of resistance which it may well do but I have a healthy profit in a fast trade.
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If it does break through that resistance level I might take another trade.
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Jumped in again at the breakout but missed most of it but did add to my profits a fair amount hopefully some of you hung in there!, thats the way it goes.
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I think there is fair bit more in the move 1280 is within easy reach.
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Back in the trade with a much smaller lot size thinking it will hit 1280 but if it doesn`t I will protect most of my profits regardless.
Trade closed: target reached
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Meant to put manually closed trade for a small loss, made some great gains on this trade not prepared to risk them, market is all over the place lately.