If it was all cash it may have some 'bite', but ,besides that ,there are limits to market rises and falls...that is what I trade covering or increasing an exposure to suit and reversing. Let the apples fall where they may... NiN
Looks like it will work for you, we're coming down before Hong Kong, but that can be a fade, then a straight run into London.
Good post. I was checking my email before reading a new financial book I got last weekend at the local barnes and nobles and saw there where a few post. I saw your trade and looked at the market on the 30 min chart. There is a clear trigger for my cycle reversal strategy down to 1263.75 first target on the 30 min chart. My cycle reversal strategy is used on the [daily chart] where they really has been a cycle that can be reversed but I would like to see how this plays out on the 30 min chart so I put on 2 lots (nothing major). 1266.00 entry 1 @ 1263.75 1 @ 1258.00 Stop @1269.75
Trade Recap Overnight the market did do a mini cycle reversal on the 30 min chart pushing from 1266 to 1258.50. Market now is showing even print were it could go either way long or short. With a little weight to the long side