Short @ 129.87 stop @ 133.16(adjusted)...tgt open 4 trades 4 winners 8.14 points .0631% gain One open position Indicator pointing south since 5/9. No cover/buy signal yet. Staying short and sitting on hands. Open pos OTM -0.013% currently...but feeling OK.
Got a cover/go long signal on the close..did so @ 130.87..stop @ 129.08..tgt open New stats as of the close May 11th 06 5 trades 4 winners 1 loser 7.14 points gained .0554%gain
Cant take it anymore..clearly on the wrong side...sold at 127.97 New stats 6 trades 4 winners 2 losers 4.24 points gained 0.0417%gain At this rate i`ll bleed my gains in two or three more trades...we will see. May need to read adjust stop %`s to make RR more acceptable. Another thing I am considering is incorporating a second reversal method as confirm. Hope you all are trading well.
my oversold indicators are at a level of negitivity that indicated a bounce area in the past right now.
Mine also. Never have seen mine so negative. Will look to reenter long tommorrow if the close confirms.