Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Made a whole tick on original entry
Got distracted by hearing chirping in other room, a good later in afternoon trade is called running the stops, find high/low of the day, and I start in this case high of the day plus one tick up for so many ticks selling, going for one point, it is a very old method, but have to have balls to do it, going against common sense usually does, but that is where back testing before trying anything written on forums is best.
Ok no 96 although we did make a move at 94 and take out the high of the day. Unless we do something between 430 and 500 96 won't be hit today--Perhaps Mon or Tues. All in all, a good day.
Long position continues here. 2289.00
I just don't see a reason to sell yet.
There certainly was a nice sell signal on the hourly overnight, but it flies in the face of the overall uptrend context. So, it was a counter-trend sell signal in my view and the likelihood of legs is less than 50%
I suspect this back and fill could last most of the day with further upside to take shape late day today and/or overnight/tomorrow.
Walking away for a while and will check later. ---Staying long---
stop to entry
stopped out. Didn't quite get to my target of x3 risk
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