If this runs for me, I'm looking at today's central pivot, which I have @ 625, for a possible TP. I don't think there is going to be any big move today...just hoping it doesn't come back to my entry....
moved SL down to -10 now as this is a risky trade and I reckon if it breaks above 680 it'll most likely keep on going, so loss minimization a good move here I think.
Got in from work to see I was stopped out at BE on yesterday's short, apparently on a big push up following the BOE news. Technically,. it rebounded off of my 5m 200 exponential moving average, which was also sitting on top of R2. Probably would have taken something from it had I been at my desk. Now short again as you see. I'll check on it again just before I go to bed in half hour or so, and if it has run for me a bit, I'll move my SL down 10 pips or so.
I'm off to bed. Leaving my short open with SL at 30. TP 31,610. Be back for the NY open if not before.
That's cruel, missed my TP by 3 pips. TP was 610, Dow fell to 613. Now I guess I'll just leave it open with the hope that the price will fall again in the NY session. SL BE, so a free trade, but it would have been nice to have taken 100 pips. Who knows though, there may be more on offer.