Nope, I always watch PA and from experience know that failed 123's are a good opposite signal as well. So just trade depending on how pattern develops. Hourly bar (last) suggested failure. My last short was far from perfect (top on the channel was way better), but I wasn't at the puter that time, so took another opportunity.
hi CF, Always wanted to ask about the return, is it 9.5% of the a/c? or the margin required for the trade? or the capital (margin + some BASE) for the trade?
Obviously should've held according to BIG swing... But as it was my first trade today, was pretty tempted to have it at profit and closed early... Still need more confidence to hold those BIG waves...
Hey Will, I described it last week: As my leverage available to me is 1:50 I keep some extra money (not mine) in account as well to get access to some more leverage. I pay interest on that but it's negligible compared to returns so far. And I am very confident that would never allow myself a DD to get this money involved in real trading. So these %'s are % gain on my own capital involved in trading on a particular account. As account grows I plan to get more security by purchasing some option straddle (long term) probably as soon as I see a low vola period which would be attractive from price POV. And couple pips of decay per day is not a bad protection from black swan if there's a case. But all plans for now. Current acct is not that big yet to worry too much...