About meI actively trade, proud CFTe holder (Certified Financial Technician). Following a discretionary approach. I post flowing Financial Market Analysis 3 times a week for my subscribers. Join the group to bring your trading to the next level!
I have been reading the marco drivers on it's run up and the marco on why I think it will drop. man oh man... serious momo behind this commodity.
Ok, now at a pivot point, previous resistance, for an engulfing on daily. heatmap indicator overbought all day.
2:1 RR 1% risked.
Off the top of my head... I have had a couple great wins with this bean.. then a few...
I have been in and out of this pair for the last few weeks.
I see a short. It's a perfect 2:1 but we all know nothing is perfect in trading.
I have a limit order set to snag the short.
Yellow Flag news tomorrow night for JPY...safe to proceed.
I was stopped out on that last attempt but the technical picture is getting stronger! I have re-entered.
note: this is end of day data, that's why the profit/loss tool is in the particular place it is. Current price as I post this.
This is a scalp, a little less than 2:1 RR
I will most likely be out by that 50% Fib, my fav location. Quick to break even, quick...