You are correct - 11 is the low of the session. I am very distracted this morning. And no - if I were trading today I would not have taken the trade. Although in hindsight it looks like the perfect entry of the day!
As DblArrow pointed out our virgin from yesterday was not taken out. Looking at the MP for yesterday I see that there was only a single print at 118'11 - not much action there so I am going to keep the virgin points from yesterday. Sell virgin @ 119'20 Buy virgin @ 118'10 There is also a brand new virgin at 118'15 -- overnight prices went as low as 118'155
Today's price action most likely will not reach 118'26 - but in the event it does - DO NOT TRADE IT. Just too late in the afternoon. We'll try again tomorrow.
I tried an impulsive short at 118'195 but the trading gods did not grant me that free ride! I suppose they are not happy with the way I treat their virgins.
Sorry about yesterday. I was busy being undisciplined and attempting to blow out my account.... lucky for me i failed. Back to laying bricks. We've already missed the first virgin at 118'00 (of course it was good!) so here are the other two... sell virgin @ 118'115 (10/14) sell virgin @ 118'26 (10/13) Cherri o!