Gap plays are fun At this rate, who knows, maybe we`ll get a complete gap fill today @ 87,75. Not unreasonable at all with the volatility we`ve been seeing lately.
75 is a given by now, IMO. The question is whether we fill the complete gap or not. It`s tough to know when to take profits on such a trade. Eventually, a deep retrace will probably happen and it`s tough to see unrealized profits go away. But, if one got conviction in a level getting tagged, one simply needs to hold on. I might lock in 75 once we`re there, even though the risk is high that I`m stopped on a retracement.
Stopped out @ 70. Not willing to sit through a retrace, although 70 may even be the exact low tick Will re-set my mind now and get some air and food. Considering yesterday`s overtrading, I believe some damage control is needed Back to look for opportunities later, but the best ones usually happen in the morning, although lately we`ve been seeing good action in the afternoon as well.
That was a paper trade called off the combination of the 60, 15 and 5. There was a clear short term bottom there. I don't trade charts that low though regularly. I am on much higher frames. Also, I don't use targets. FON had his stop in the right place by the way.
Exited my 29.50 at 71.00 for a +41.50 Still with my 1st position (1121) with it's intended +100 target. FoN
seems reasonable to me. Sitting in front might lead to overtrading. Anyways at least for the time being you have had the best risk return trade for the day imo. Good trade!
I says you're a fast learner LF!. Control the urge and increase your size slowly!. You are the best trader in Norway if you lose the addiction!. Humble phoenix raising from the ashes for the nth time here!. Glad to be of help!. Godspeed!. I'm gone...I promise!.