6-got my hp setup, the 5min trend is down, then i waited for the price to pullback up targeting the 88 area as a place of resistance(as marked by the diamonds) to short back into the bigger down trend. I started getting yellow/red(white dot) saying overbought and a short is building so i jumped in. The price sat there for a like 3 minutes then it broke +6. Now i am getting into the last 1/2hr of london so i will finish my day with this trade.
James really good explanations of your trades, you explain us not only why you take a trade but also why you NOT take it and what trigger your decisions ! And today you show how is important in a market with few movements be careful and not overtrade but just be happy with few pips because in this time we can have some " strange and illogical " movements caused by low volumes.
ReplyDeleteVery good !