Got taken out at break even after price achieved 1 x risk . Usually dont re- enter after that but if price takes out some recent lows and charges back bullish I will .
Theres the retracement . Retail sales and other news today and benny shalom speaking should trigger volatility .
If Im not filled on this buy order by like 1 pm ny time ill cancel and call it a week . If I am ill hold it over the weekend if necessary . My bet is that when benny starts talking , after lunchtime here and after london close , price will kneejerk around . But the only bets I make are backed up by TA and probabilities so i can operate as the casino so to speak .
I bought with a market order and got slipped only 1 pip . Risk is 2% of my capital , stop is support , target is 1.5 x risk and if profit reaches 1 x risk the stop move sto break even .
Long again . Risk is 2% , target is 1.5 x risk , stop is support and if profit gets to 1 x risk then the stop moves to break even .
No good on another long . -2% . EUs taking out support making a slow arc , taking out minor lows before taking off north rendering my method ineffective for now . This is why risking only a small % of equity is necessary and it would take many losers to wipe me out . Thats not to say I dont consider and test alternatives like other tfs or patterns cuz I do .